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2021 Boat Market

Old 06-11-2021, 05:25 AM
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Originally Posted by P 22 View Post
People waiting for prices to come down to pre pandemic levels are going to be waiting for a very long time.
I don’t know if we will see pre-pandemic prices but I do think we will see some normalization. We have seen prices of boats increase well before the pandemic but when items that normally depreciate are increasing in value like we are seeing it has to hit a ceiling. At least that’s what I think.

The real kicker. There was a home in the Keys we really liked last year. That we went down to see and we’re very close to making an offer. I second guessed it and decided to pass. Now a similar home would cost me 100-150k more. That’s a kick in the gut. But it is what it is and it must not have been the right time for my wife and I. That’s what I’m telling myself to help ease the pain.
Old 06-11-2021, 05:34 AM
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Originally Posted by Commocean View Post
When historically depreciating assets start appreciating, you know there's a problem that will have to be corrected at some point.
That may be the case on used boats, especially when the economy sinks and there are less buyers in the market and used inventory goes up.. However I cannot recall a time in history when new boats ever came down in price.
Old 06-11-2021, 05:35 AM
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Not News that its not just boats, but the numbers are impressive (Backlog is 2x their annual sales)... Maker of Airstream, Heartland RVsEven as Covid restrictions lift, RV-maker Thor Industries is seeing sustained demand for outdoor living — and a growing order backlog, CEO Bob Martin told CNBC Tuesday.

Thor’s backlog was worth $14.32 billion as of late April, the company said in its fiscal third-quarter report out Tuesday. That’s up 32.5% from $10.81 billion at the end of January and up 550% from a year ago.

Martin told Jim Cramer on “Mad Money” that the company is “pretty much sold out for the next year” with most of the new recreational vehicle inventory already promised to waiting customers.

“We have backlogs that are full of retail orders, so those will hit the dealer’s lot and then leave, and so we’re still not able to build inventory at our dealer’s lots,” he said.
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Old 06-11-2021, 06:01 AM
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Remarkable, rapid material material/parts price increases and shortages continue to plague builders, who already have a back log. This seems like it will remain problematic for some time. These delays and price increases will push many new buyers back into the used market.
So, it'd be nice to think this will settle down, some time, but I doubt it'll be soon.
And I'm with ifish. If the market will bear it, things will not come down.
Old 06-11-2021, 06:05 AM
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Need another stimy so I can pay my next payment
Old 06-11-2021, 06:17 AM
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These crazy prices really tempt me into selling mine, but it would cost more to replace it..
Old 06-11-2021, 06:18 AM
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With everything that happened - Everything, people started realizing life is short and to some as may be our way of life. Hence the largest uptick in recreational purchases with record numbers of first time buyers. I said it before - it was basically the perfect storm. As some mentioned, all the newbies who didn't realize how much it costs after the purchase, had no idea about service and warranty not being the same fluid inexpensive process they are accustomed to in the car industry, will lead to a plethora of used vessels in the used market in one year. But be ready, they will NOT go cheap. New boats will have gone up by at least 8% and availability will still be few and far between. Hence the boats will still bring a premium. My edumacated guess: Just over 2 years. Winter of 2023 things will have leveled out and look a lot more normal. But then again - "What is normal anymore?"
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Old 06-11-2021, 06:51 AM
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https://wilmington.craigslist.org/bo...334603387.html


$25k for an 18 year old CC. Mine would move on down the waterway at that price. Pick back up on other hobbies for a few years or tag along with friends.
Old 06-11-2021, 06:56 AM
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Originally Posted by FlynSoLow View Post
When is the madness going to stop?! Who are all these people buying up boats at these inflated prices? I pass dealer after dealer in S. FL and they have maybe 1 or 2 boats on the lot (usually full). I save a search with make and model on Boat Trader, 2 weeks later 5 of 6 are sold and the one left is a hot musty. This has to be some weird 'bubble'. Any guess when the bubble will pop and their will be deals to be had?! Boats/RV's/Houses insane right now
You havenít been to dealers on the west coast Florida then. Boats everywhere on their lots both new and used.

Donít judge a market by whatís on CL or Ďtrader.

Anyone remember the economy in 2008? Indicators today....gas prices, food prices, inflation, all those newbies that purchased at or above MSRP and inflated used prices are gonna hear that great big sucking sound soon.
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Old 06-11-2021, 07:03 AM
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Originally Posted by 76 Mako 23 View Post
So many variables but here is my very simplistic thought.

When Covid hit everyone wanted to get on the water as it was one of the few things you could do that allowed you to truly social distance. No vacations, flights, going out to eat or anythingís else to spend discretionary income on and loans are pretty easy to get so very little cash was needed.

Then some states stayed closed while others opened and people were still working from home or remotely and school was still being offered online so people were selling high priced homes in closed states and moving to open states, spending a fraction of the cost on a nicer home and had tons of money to buy a boat too.

Now more states are open and people are going back to work, school and taking vacations again. So I believe we will see a flood of boats hit the market at some point which will help drive the price down.

I could be very wrong but itís how I believe it will play out.
Solid logic BUT the ones that moved still have way more money than when they left their previous shithole, will continue working from home making the large salary in the lower COL states. So it might not be the huge bubble after all.
Let's hope they left their shithole politics and voting habits in the shitholes they left. Pardon my french.
Old 06-11-2021, 07:11 AM
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Originally Posted by SeaPro48 View Post
Solid logic BUT the ones that moved still have way more money than when they left their previous shithole, will continue working from home making the large salary in the lower COL states. So it might not be the huge bubble after all.
Let's hope they left their shithole politics and voting habits in the shitholes they left. Pardon my french.
RE agent here in Florida told me all those damn Yankees canít sell their overpriced homes up north. Nobody up there buying. Lots of contracts falling apart here. House inventory is gonna come all during summer.

Theyll prolly sell those Gucci cruisers soon too.
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Old 06-11-2021, 07:24 AM
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Originally Posted by DoubleBarrel View Post
https://wilmington.craigslist.org/bo...334603387.html


$25k for an 18 year old CC. Mine would move on down the waterway at that price. Pick back up on other hobbies for a few years or tag along with friends.
I love how he sprayed it with a garden hose before the picture was taken. Look at the Sun line and the bottom. The oxidation everywhere but hey itís got new cushions.


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Old 06-11-2021, 07:28 AM
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Originally Posted by El Comandante View Post
You havenít been to dealers on the west coast Florida then. Boats everywhere on their lots both new and used.

Donít judge a market by whatís on CL or Ďtrader.

Anyone remember the economy in 2008? Indicators today....gas prices, food prices, inflation, all those newbies that purchased at or above MSRP and inflated used prices are gonna hear that great big sucking sound soon.
This is very incorrect, I drive by dealers here every day in SWFL, lots are empty, I have never seen them this empty. A Robalo/Grady dealer by me has very little and they used hardly have a space to park a car. The inventory they are now getting has no outboards rigged!
Old 06-11-2021, 07:30 AM
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Originally Posted by Muchalucka View Post
What you are seeing is tens of thousands of baby boomers who planned to spend their monster pensions on traveling the country and the world running out of patience and dumping it into a boat, RV, fill-in-the-blank.

I don't think there will be a correction in new boats, but the prices might level out for a few years. Used boat market won't see the flood of used boats until the boomers begin to have health issues and gift or bequeath their boats to children who don't want them or can't afford to maintain them.
I think you are seeing the boomers pass away and the kids are spending the inheritance or at least a blend of both.
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Old 06-11-2021, 07:33 AM
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Originally Posted by offroadr View Post
This is very incorrect, I drive by dealers here every day in SWFL, lots are empty, I have never seen them this empty. A Robalo/Grady dealer by me has very little and they used hardly have a space to park a car. The inventory they are now getting has no outboards rigged!

I am a dealer on the west coast of FL. NO INVENTORY. You might see boats, but most are in for service or purchase last year and just now showing up to be delivered. As parts for everything boating are hard to come by, the new boats arriving pre-sold are waiting around for parts and electronics that have been backordered for months.
Old 06-11-2021, 07:48 AM
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When 'Climate Change' becomes the next Covid, we may have a problem related to the cost of operating anything powered by fossil fuel
Old 06-11-2021, 07:54 AM
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I am no financial expert, nor can I predict any future, but history along with what I feel is common sense teaches me some things.

My first thought is where are people getting this money for boats, or a new house, or whatever? They are all up in price considerably, which is what we are complaining and talking about. A select few have the ability to purchase these outright, with cash. Many, I suspect, are buying with credit or pulling money out of things they should leave alone (401k, house equity, etc.).

Here in Texas, where oil was/is king, the ebb and flow of good times and bad has been documented. When times are good, guys are out buying boats, trucks, RV's, guns, you name it. The moment we fall on bad times, these things are up for sale, and usually at much reduced prices, since there is usually a glut of them. Or, you'll see people who financed default on the loans. Thats bad news for the banks, the economy, but great for snagging deals.

At the rate the government is printing money we are seeing inflation, and it may perhaps turn to hyper inflation, I don't know. But, many people "feel" they are flush with money. So they are spending and are paying the inflated rates, whether they are the new norm or not. I feel, but cannot prove, that this will "bust". Without getting into details, I know the housing boom is poised for reset, in other words, the house bubble is going to burst. Banks, and other institutions are predicting this, although many are keeping these comments to themselves. They are planning for this. Its over due, from a historic standpoint. I feel many other big ticket items will also get caught up in this.

So, where am I going with all this? While the prices rarely come down for new items, I have never really seen this in my lifetime, "street prices" will. In other words, when all the supplies are available and orders are met, etc. then you'll see discounts and deals to be had. On the used market, we will see deals coming from many sources, dealers, people trying to get out before they ruin their credit or just try to make ends meet, etc. This is historically the way our economy works, bust and boom. Now we have certain "forces" at work on it, propping up by government (giving money away and going into a debt it cannot recover from) and a pandemic.

No one can predict the future, and that's what we are all speculating here. It's OK. I am speculating, but I'm trying to use my experience in life as well history. Just my 2 cents worth.
Old 06-11-2021, 07:58 AM
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Originally Posted by El Comandante View Post
RE agent here in Florida told me all those damn Yankees canít sell their overpriced homes up north. Nobody up there buying. Lots of contracts falling apart here. House inventory is gonna come all during summer.

Theyll prolly sell those Gucci cruisers soon too.
Boy you are misinformed. Nobody buying in the Norhteast? Homes in my area are being listed on a Wednesday, having an open house on Saturday and are pending sale on Monday 15 to 20% over ask. People are offering with no contingencies for appraisal or inspection.
Old 06-11-2021, 08:01 AM
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Originally Posted by El Comandante View Post
RE agent here in Florida told me all those damn Yankees canít sell their overpriced homes up north. Nobody up there buying. Lots of contracts falling apart here. House inventory is gonna come all during summer.

Theyll prolly sell those Gucci cruisers soon too.
Your real estate agent is sorely misinformed. The housing market is still crazy up here, with lots of places selling above asking. The inventory of houses for sale has plummeted. As soon as something comes on the market, it's sold quickly.

If anything, overpriced suburban homes in the northeast are even more overpriced than they were a year ago. A quick look on Zillow showed only one property for sale anywhere near me, a 9,700 sq ft lot, no house, for $100,000.
Maybe they are selling to buy an 18' center console.

Old 06-11-2021, 08:05 AM
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El comdecrap consistently posts incorrect information, Houses up north are selling over asking and in less than a week, its crazy!
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