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Oil has plunged guess we get affordable boats now..

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Oil has plunged guess we get affordable boats now..

Old 04-19-2020, 01:06 PM
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Default Oil has plunged guess we get affordable boats now..

Well folks after a decade plus of being told boats had gone through the roof due to high oil prices and affiliated resins etc.. Looks like affordable boats should be right around the corner..right

Last edited by ono loco; 04-19-2020 at 08:44 PM.
Old 04-19-2020, 02:12 PM
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Material (except for masks and such) prices will plummet but the labour costs will more than offset the reduction in material prices. Got to keep those labourers safe. Hard to build a boat with everyone staying six feet apart. In full respirators. Medical insurance costs will also soar.

To maintain the same profits while reducing the number of boats being made, the price of each boat has to increase.

Old 04-19-2020, 02:43 PM
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Affordable boats are all around, just ignored because they are "old". Vintage Hatteras, Bertram's, Chris Craft's, etc. are everywhere for next to nothing. At this point prices are so low even a modern repower won't break the project. And nice eye candy and conversation pieces at the dock. Just sayin is all. Yes I am extremely biased on this subject.
Old 04-19-2020, 02:59 PM
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I'm thinking "next to nothing" is subjective.

I noticed the only people out on new boats yesterday look like the caricature of new Corvette buyers--old, fat, white guys dressed all up in fishing shirts,
Old 04-19-2020, 03:40 PM
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Default Materials small percentage of price

Well known 32 cc weight 7220 lbs. Vac infused vinylester so assume 50 percent resin to reinforcement although it could ideally be 30 percent. 9.6 lbs per gal under 400 gallons. 3.92 drums x $1230 is about $ 9000 in resin .
Reinforcements( glass etc) under 10 k.under 20 k for hull and deck.
look for example at lattitude boats ( looks like a splashed 25 SeaVee even has the old i/o bump out.)
material cost well under 10 k and theres a wait list at 39 k. Friend has been asking me to copy his 25 seavee and if he can come up w 2 purchasers at 25 k it will well cover labor rent etc as well as the tooling( molds)
i think the lower end of the market may be hit harder than the high end in the coming economy.

Last edited by svu; 04-19-2020 at 03:50 PM.
Old 04-19-2020, 04:22 PM
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metical cost after all of this C19 goes around for a few years should go down when most of the old and sickly people will have been eliminated.
will SS get a boost when a bunch of older people are gone?
or will it still be struggling ?
will there be enough people with jobs to keep it going?

Why is oil down to $17?
did the Russians and OPEC make a deal to lower production or not?
Old 04-19-2020, 04:30 PM
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Originally Posted by 99yam40 View Post
metical cost after all of this C19 goes around for a few years should go down when most of the old and sickly people will have been eliminated.
will SS get a boost when a bunch of older people are gone?
or will it still be struggling ?
will there be enough people with jobs to keep it going?

Why is oil down to $17?
did the Russians and OPEC make a deal to lower production or not?
Day drinking while replying? Your post makes no sense, other than asking why oil prices are low.

Yes, Russia and Saudi Arabia agreed to cut oil production by 9.7 million gallons a day. But consumption has dropped by more than that. Thus oil prices have not gone up because there is still a surplus.
Old 04-19-2020, 04:35 PM
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Originally Posted by Joe View Post
I'm thinking "next to nothing" is subjective.

I noticed the only people out on new boats yesterday look like the caricature of new Corvette buyers--old, fat, white guys dressed all up in fishing shirts,
Hey I waved to you...did I not?
Old 04-19-2020, 07:49 PM
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Originally Posted by ono loco View Post
Well folks after a decade plus of being told boats have gone through the roof do to high oil prices and affiliated resins etc.. Looks like affordable boats should be right around the corner..right
I remember hearing the same excuse years ago as to why boat prices were outrageous, gas was $4.00 a gal then.
Old 04-19-2020, 08:45 PM
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Originally Posted by Jonesy23 View Post
I remember hearing the same excuse years ago as to why boat prices were outrageous, gas was $4.00 a gal then.
yes.. almost daily on here as I recall..
Old 04-19-2020, 09:38 PM
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Oil vs boat price talk was all BS. It was used so the salesman could justify their prices. Supply and demand trumps them all so if demand goes down so will boat prices. But don’t expect new boats to be 50% less than a month ago anytime soon. It just doesn’t happen that way. Best bet is to find a struggling dealership to negotiate with something they already have in stock.
Old 04-19-2020, 10:39 PM
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Originally Posted by madhatter1 View Post
Affordable boats are all around, just ignored because they are "old". Vintage Hatteras, Bertram's, Chris Craft's, etc. are everywhere for next to nothing. At this point prices are so low even a modern repower won't break the project. And nice eye candy and conversation pieces at the dock. Just sayin is all. Yes I am extremely biased on this subject.
Add in stringers, genset, etc. That being said, this is where I'm looking in a few years. I just want the previous owner to have gone through all that pain.
Old 04-20-2020, 08:06 AM
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I am just hoping 2 stroke oil takes a tumble, my OX66 needs it.
Old 04-20-2020, 08:16 AM
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Originally Posted by JRG41 View Post
I am just hoping 2 stroke oil takes a tumble, my OX66 needs it.
Old 04-20-2020, 08:28 AM
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Originally Posted by madhatter1 View Post
Affordable boats are all around, just ignored because they are "old". Vintage Hatteras, Bertram's, Chris Craft's, etc. are everywhere for next to nothing. At this point prices are so low even a modern repower won't break the project. And nice eye candy and conversation pieces at the dock. Just sayin is all. Yes I am extremely biased on this subject.
I would love to agree with you on this, but I can't. I have been shopping for <40' convertible for a little over a year. There are a few out there there that are inexpensive to pick up, but by the time you do whatever needs to be done to get her ready for a decade of use, you are pushing some big numbers quick. $100k purchase, I am finding means a total all in of $350k-$400k. Still a very good value, but no one wants to pay that or even close to it when you sell.
Old 04-20-2020, 08:33 AM
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IMO, only thing gonna happen is more people fishing. SW boat fishing participation goes up and down very slightly based on mostly gas prices.
Old 04-20-2020, 08:34 AM
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I’ve heard regulator will lower the price of its 23cc to $235,000 no electronics or trailer.
Old 04-20-2020, 08:40 AM
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Originally Posted by Pipo6007 View Post
Oil vs boat price talk was all BS. It was used so the salesman could justify their prices. Supply and demand trumps them all so if demand goes down so will boat prices.

Ding Ding - we have a caller 15 - stay on the line for your prize..
Old 04-20-2020, 10:53 AM
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First rule in boat manufacturing: When oil goes up, resin goes up. Second rule in boat building: when oil goes down, resin never goes down.
Old 04-20-2020, 11:10 AM
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Originally Posted by Rival1 View Post
I’ve heard regulator will lower the price of its 23cc to $235,000 no electronics or trailer.
Anyone who spends that kind of money on a 23` boat is not playing with a full deck of cards.

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