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2021 Boat Market

Old 06-10-2021, 07:21 PM
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Default 2021 Boat Market

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
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06-11-2021, 05:06 AM
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When historically depreciating assets start appreciating, you know there's a problem that will have to be corrected at some point.
Old 06-10-2021, 07:22 PM
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I’m one. Sold my boat an inflated price and bought a new one at a 2021 price
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Old 06-10-2021, 07:24 PM
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Are there any threads about this yet?







/s
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Old 06-10-2021, 07:42 PM
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Nope, this is the first one.
Old 06-10-2021, 07:42 PM
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Originally Posted by k2Freak View Post
Are there any threads about this yet?







/s
listen if being too poor to afford a boat at today’s prices is a problem to you ...{sarcasm font}
Old 06-10-2021, 08:25 PM
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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 anything’s 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 it’s how I believe it will play out.
Old 06-10-2021, 08:31 PM
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I've also noticed that my RAM 2500D is worth about 10K more than when I bought it 2 years ago.....Concidence??
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Old 06-10-2021, 08:55 PM
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Prices are going to plummet!
Not.
All the COVID boats will be up for auction in 12-18 months.
Still waiting for the last price correction that never happened.
NEVER finance a toy!
it’s the vst filter.
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Old 06-10-2021, 10:08 PM
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People waiting for prices to come down to pre pandemic levels are going to be waiting for a very long time.
Old 06-11-2021, 02:33 AM
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Hyper-Inflation caused by our Government’s spending and pandemic panic. It all started with toilet paper.
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Old 06-11-2021, 02:45 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 think this might be right. The prices we are at now might be the new norm
Old 06-11-2021, 02:58 AM
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A lot of people buying boats that know nothing about what it cost to own a boat. It will take time but the market will settle down and correct.
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Old 06-11-2021, 03:10 AM
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Yes, craziness. It seems like anything half-way decent sells quickly. I go by a Boston Whaler dealer about once a week. Usually having about a dozen new boats on the lot. Last year around this time, they got cleaned out . . . not a single boat left.

This year, they had been getting some new inventory and had a few trade-ins on the lot as well. I notice a couple of 270 Vantage out front over the past couple of weeks and what looked like a Conquest in the side lot. This week, I went by and they are all gone.

The Tidewater dealer just up the street from the Whaler dealer has been picked clean since last year, can't keep a boat on the lot.

My thoughts have been . . . 'where is this money coming from?' Flush with cash . . . or . . . flush with debt?
Old 06-11-2021, 04:21 AM
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Originally Posted by Mac1976 View Post
A lot of people buying boats that know nothing about what it cost to own a boat. It will take time but the market will settle down and correct.
Probably not. Inflation is far higher then the current administration and Fed are willing to admit. We are a lot closer to the late 1970's inflation spiral than those in power will ever acknowledge. 2-3 years a 5% plus inflation rates (price increases on many items are over 10%) and the prices we saw a year ago (used and new) will never be seen again.
Old 06-11-2021, 04:48 AM
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Originally Posted by k2Freak View Post
Prices are going to plummet!
Not.
All the COVID boats will be up for auction in 12-18 months.
Still waiting for the last price correction that never happened.
NEVER finance a toy!
it’s the vst filter.

excellent!
Old 06-11-2021, 04:49 AM
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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.
Old 06-11-2021, 04:51 AM
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When parts and motors are not available, less boats will be on the market. Prices will need to rise so builders can make it and the demand will be there for the boats they can build.
Old 06-11-2021, 04:56 AM
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A commercial I remember from the crash of 08.
If you have a job. If you have $99.00 you can own a boat😁😁
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Old 06-11-2021, 05:04 AM
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Here is the other thing. I was talking to a guy last month at Atlantic Marine in Port Orange ,Florida and he said they are selling boats but due to supply chain issues people are ordering ,putting money down and wegjting a long time. we all know this. So, when boats pop up at dealerships they are likely sold and have been for months. The perception is that they can't keep them in when in reality they were sold months ago and get delivered to the dealer where the buyer pucks them up in a day or so. Then you drive by see a bunch new boats one day and they are gone the next it's likely because some guy bought them in October.

perhaps demand is normal but the issue is supply issues due to the China virus can't meet normal demand so the perception is demand is high when in reality it could be like 2019. Or, is demand truly through the roof and the supply chain just can't keep up?

When you have materials costs for homes doubling practically over night due to supply issues , it has induced price hikes for existing homes and clearly new construction. The sane is true for boats. However, I don't know if these prices are due true increaes in demand or a significant decrease of supply. I tend to think the supply chain is so out of whack that it's the root cause . duh. Then like toilet paper ,we tend to panic. Get your boat now before the last Yamaha leaves the crate . lol
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Old 06-11-2021, 05:06 AM
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When historically depreciating assets start appreciating, you know there's a problem that will have to be corrected at some point.

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