I'm beginning to think the OP is a crack additic...


I wouldn't doubt repos are going down, the banks are reporting a decrease in the number of loan defaults across the board... not by a huge margin, but things are showing signs of improvement.

With that said, to suggest used boat sale values and prices are up (and selling for) 30% more than they were 6 months ago is absolutely horse-sh!t!

Yes the boat market might be getting a little better, but with gas prices going threw the roof, lets see what happens. The high price of gas can not be good for the boat market.

Known as the next nail in the coffin.

Exactly. I paid $3.29 for diesel yesterday. Two weeks ago I paid $2.89 per gal for diesel at the same station. I still say the chit is going to hit the fan..

+1

The Kelly Blue Book value on some boats has gone up quite a bit in the last 6 months... I have'nt put a pencil to it, But i have noticed an increase.

I knew it wouldn't be long before the boat salesmen came marching in with info on how the market is taking off and the hurry and buy now retoric...

Re read my post... I said nothing about buying boats or selling boats.. I was simply stating a fact... Even know we did sell Three last week.... 2 cigs and a MTI..

Can't agree on that. I know someone who hasn't made a payment in 20 months or so and the bank hasn't even contacted them yet. The boat is sitting in a storage lot on blocks. Theories??? The loan value is less than 100K, so I think that the banks started with the bigger loans and haven't worked there way down that far yet. I could be wrong....it's happened once or twice.

I do agree that high gas prices will kill any economic "recovery" that may have started.....not just in the marine industry, but everywhere.

....and OUTLAW11 must still be slepping it off!!

And I will back him up as well....we are seeing higher resale $'s for used boats. The book values are going up as well. I am not saying we are on the road to recovery but things are getting a little better.
SS930, I do not know you but if you own a boat you should be happy that used values are on the rise.