boatinwater

Boat sales to stay strong or slow down?

Used boat prices, what's the outlook over the next 6 months to a year?

J Lightning

Yes

The outlook is strong with a trend towards nobody knows.

BoneFishPete

Let you know next Tuesday Night, well maybe Wednesday Morning.

jkujawa

I can tell you this with absolute certainty:
Prices will definitely be moving in the future. You WON'T see the kind of price stagnation that you don't see elsewhere. I know that new buyers will be coming into the market and they'll be looking at the used inventory carefully, unless they're focused on new in which case they'll take a discerning posture. Sellers on the other hand will want to hold out for the best prices (except for those with extenuating circumstances where they really need a quick sale). Certain segments will be stronger than others and here is where it is a little less clear. There will be winners and losers, and the companies which really look to deliver the best value to their customers will come out on top.

So, there you have it.

xlr8ngn

SeaCat22

Boat sales will continue, until they run out of boats, or folks run out of money.

Jbello27

In my opinion, it will soften due to the season as it always does this time of year. If you notice the marinas aren’t closing like they were in Miami by 7-9AM.

But if the economy stays flat, I don’t see boat prices decreasing next spring/Summer. People will
still want to go boating especially if other countries are shut down to US travelers.

slipkid

Yes. But not why some might think.


They can’t keep their production lines running enough to meet demand. Seems some folks don’t want to return to work since being told they have to stay home. Pick your reason.

Reelassets2

Depends on the stock market and interest rates

capt. kidd

I think there is unlimited demand for boats. In Tampa bay I see so many out of state plates, more so than usual but also not snowbirds. California and NY especially. They are moving here and buying boats and are shocked there are homes for sale under $1m. Unless the manufacturers start building faster the shortage will continue. This isn't 2008 where they allowed people with bad credit to finance anything. There really is unlimited people that can buy expensive toys relocating to Florida.

Spacemaker

Interesting times ahead, considering we're in the midst of the greatest, broadest, artificially inflated asset bubble in world history.

vulcan

I can't say but what I have noticed is several boat dealers in my area now have good inventory to choose from. I would say within the last 30 days they have done a good job of restocking for the most part.

cavitating

I have seen that as well. However, when I went to look at them, many were sold already and sitting in the lot for a period of time to help with future sales.

halfwaythere

Boat dealer I use inventory is depleted. Locked up on Grady until mid summer next year, unless you are in the build line now, it's a 6-8 month wait. A few others are 3-4 month wait. Used market is hot right now. I put my boat up for sale 2 weeks ago, it sold in 1 week. I guess it's what market you live in, but down in SWF it's full steam ahead.

blb078

I source of mine told me who I prefer not to mention here says that you can pretty much guarantee that boat sales will go up, down, or stay flat.

oceantrav

Think they are on the way down already. Seen a lot of good deals on boats lately, and they are not selling quick.


Was awesome in May when I sold a boat for $18,000 more than I paid just a few months prior lol

now I’m trying to sell a boat I bought a few months ago for what I have in it, not a ton of interest like the previous boats I sold since the beginning of corona

boatinwater

It seems that in SWF boat sales are very strong, even harder to find places to keep the boat. New to the area so don't know much about historical trends, but if new boat sales are so strong this year, does that mean there should be a lot of good used inventory to buy in the next year or so? Not sure how many folks buy boats and then don't use them and decide to sell with low hours?

El Comandante

Pricing will head back to earthly levels as the latent market (first timers)saturation matures, laggard states and cities reopen offering cheaper entertainment/outdoor activity options, assembly lines return to full capacity, inventory levels return, and first time noobs dump.

Elementary.

halfwaythere

Not gonna happen as long as the mask wearing sheep keep thinking it will stop the virus.

halfwaythere

Not gonna happen. You think people who buy 100K plus boats are looking to sell next year or the year after for 50K? But I guess some depends on your budget.