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2021 Boat Market predictions now that the cards are flipped?

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2021 Boat Market predictions now that the cards are flipped?

Old 01-08-2021, 06:35 AM
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Default 2021 Boat Market predictions now that the cards are flipped?

Will new boats continue to be built? New and used market turn back on like it was in the summer of 2020?

Will 2021 cause us all to hold cash tight?

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01-08-2021, 06:37 AM
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Awesome! We haven't had a new discussion on this since the start of the new year.

Old 01-08-2021, 06:37 AM
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Awesome! We haven't had a new discussion on this since the start of the new year.

Old 01-08-2021, 06:40 AM
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Why would it? The market seems quite pleased with the current news coming out of Washington.
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Old 01-08-2021, 06:44 AM
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Carnac the Magnificent says....
Old 01-08-2021, 06:53 AM
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Stop looking for negatives and look at the positives in front of you.
  1. Fed excessively accommodative and will be for years
  2. Fiscal stimulus on the way.
  3. While unemployment spiked the VAST Majority of boat owners or people that can buy boats did not lose their job, the fact is they gained more flexibility at work.
  4. Fuel prices are low and excessive overhead supply of oil will keep prices reasonable for years
  5. Stock market at all time highs plenty of extra cash but buy toys.
  6. Boating and RV'ing lend itself perfectly to "Social Distancing"
I'm not saying it's 2020 all over again, but if your looking for a crash think again.
Old 01-08-2021, 06:56 AM
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Originally Posted by captpepin View Post
Stop looking for negatives and look at the positives in front of you.
  1. Fed excessively accommodative and will be for years
  2. Fiscal stimulus on the way.
  3. While unemployment spiked the VAST Majority of boat owners or people that can buy boats did not lose their job, the fact is they gained more flexibility at work.
  4. Fuel prices are low and excessive overhead supply of oil will keep prices reasonable for years
  5. Stock market at all time highs plenty of extra cash but buy toys.
  6. Boating and RV'ing lend itself perfectly to "Social Distancing"
I'm not saying it's 2020 all over again, but if your looking for a crash think again.

I like this...very much
Old 01-08-2021, 06:58 AM
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Not slowing down, raw goods are increasing exponentially and demand for activities that do not involve inside a building or crowds is not going away any time soon.
Old 01-08-2021, 07:00 AM
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Originally Posted by punisherzx12r View Post
it was yesterday that the dust settled bruh...but you troll you
I think he was referring to the fact that over the past few months, we have had about 182 separate threads on "hey, what is the boat market going to do"? These were more covid-related than having to do with the Electoral College.

The answers, prior to degenerating into a peeing match, generally fall along these lines:
1) Boats will be dirt cheap next year! I'm waiting until then to buy! All covid buyers will all sell at once!
2) If boats are super cheap next year, your new one will be cheap, but resale will also be lower on your trade-in.
3) Builders aren't dumb and will pull back on new builds to avoid a surplus, boat prices will only go up, covid buyers will spread out their selling over a couple of seasons so no big glut, and market will soften.
4) You are stupid. No, your stupid. "You're".

I vote for number 3, with no discernable short term differences based on a changing of parties.

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Old 01-08-2021, 07:00 AM
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Originally Posted by punisherzx12r View Post
it was yesterday that the dust settled bruh...but you troll you
Bruh. There's a thread on this every week. Stock market isn't showing any weakness since the "dust settled"

Gas prices are rising though. Hopefully that thins the herds.
Old 01-08-2021, 07:01 AM
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The biggest potential headwind I see is gas prices going through the roof.
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Old 01-08-2021, 07:04 AM
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Originally Posted by captpepin View Post
Stop looking for negatives and look at the positives in front of you.
  1. Fed excessively accommodative and will be for years
  2. Fiscal stimulus on the way.
  3. While unemployment spiked the VAST Majority of boat owners or people that can buy boats did not lose their job, the fact is they gained more flexibility at work.
  4. Fuel prices are low and excessive overhead supply of oil will keep prices reasonable for years
  5. Stock market at all time highs plenty of extra cash but buy toys.
  6. Boating and RV'ing lend itself perfectly to "Social Distancing"
I'm not saying it's 2020 all over again, but if your looking for a crash think again.
Gas prices here have steadily increased since the election (not that it has anything to do with it ) Diesel at store next door 2.09/gal 12-2-2020, Reg unleaded 1.89/gal...Today diesel 2.70/gal and Reg 2.30/gal It will continue to rise. I am still selling high end RV's but seeing a slow down on lower priced stuff after the mad rush. Maybe it's just because of the holidays...
Old 01-08-2021, 07:19 AM
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Originally Posted by Trierarch View Post
The biggest potential headwind I see is gas prices going through the roof.

/\ /\ /\ /\ /\ /\ This. New administration, House and Senate hate cheap gas prices
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Old 01-08-2021, 07:22 AM
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Ive noticed slightly more boats on the used market with prices coming down a little. I think the supply is catching back up to the demand and with more people starting to get back to work the demand is slowing down a hair.
Old 01-08-2021, 07:24 AM
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Originally Posted by jobowker View Post
I think he was referring to the fact that over the past few months, we have had about 182 separate threads on "hey, what is the boat market going to do"?
Only 182? Seems you are missing a digit or two.
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Old 01-08-2021, 07:28 AM
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If you cant afford a Yellowfin today.You won’t able to afford a Yellowfin tomorrow.
Old 01-08-2021, 07:46 AM
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expect the printing machine in Washington to go into overdrive with free easy money to prop up the new Administration..... it's all about kicking the can down the road and right now it is down where my great great grand kids can see it.
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Old 01-08-2021, 07:49 AM
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Originally Posted by DEBTICATED View Post
Awesome! We haven't had a new discussion on this since the start of the new year.

Is this really the first thread of the year? I'm way behind on my prediction for 2021. I predicted 527 threads on the topic this year, we need to pick it up!

Also only 491 more threads on this topic before Mistery's head explodes!
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Old 01-08-2021, 08:21 AM
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Cards have flipped? You talking the Covid19 pandemic? You do know that the hands haven't been fully dealt yet, right?
Old 01-08-2021, 08:37 AM
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Originally Posted by fowl intent View Post
Cards have flipped? You talking the Covid19 pandemic? You do know that the hands haven't been fully dealt yet, right?
Agreed. We're still on the Flop. The Turn is still probably 6 months away.

Boats might be "Ordered" this year and possibly the hulls built. But then those owners need to pray they can get motors or any other supplementary parts. I'm hoping it plays out the same so I can sell mine and upgrade in the next couple years since I'm getting my friends boat on the cheap to hold me over
Old 01-08-2021, 08:44 AM
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Originally Posted by Rwalker View Post
expect the printing machine in Washington to go into overdrive with free easy money to prop up the new Administration..... it's all about kicking the can down the road and right now it is down where my great great grand kids can see it.
I think this is the key. There will be plenty of money floating around. But production has been down -- not just boats, but a lot of things. Think about it. With the lockdowns, just more people sitting at home not at work, and not making things. So what happens when you have a lot of money floating around and less goods to buy? The money is worth less, and the goods are worth more money. This, among other things happened to boats. People have all this money, and not enough boats to buy. I don't think that changes in 2021. Boat manufacturers are still way behind on catching up to the demand, and that means prices will continue to rise. That is one person's view, anyway. But fee advice is almost always worth what you pay for it.

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