sure hope the values rebound.....

You nailed it. Just have as much fun as possible during the ride

boats will only get cheaper, people who have the desire and ability to own a performance boats are dwindling in numbers every day. sad but true.

Repos
 

GO LOOK UP ANY OF THE LAST THREE MONTHS SALES AT ANY REPO BOAT AUCTION.... LEFT TO MID BOOK ????????????? WTF.. SPORT BOATS :kiss:

Magic
 

THATS :bsflag: I BID ON ALL THE BOATSFROM MAGIC AND THE OLD OWNERS HAD THE RIGHTS TO SELL ALL THE OLD STOCK... TO ANYBODY .... WITCH WAS BULL **** ..THEY SOLD THE LAST 10 TO THE NEW MAGIC OWNERS $21000 A BOAT ........ I BOUGHT THE 44 FT CATS KNOW ALL ABOUT THE **** :party-smiley-004:

It seems like all the guys who are boat shopping keep saying that the boat market sucks, is in a free fall, etc, while the guys trying to sell a boat seem to think that the market is on a rebound.

My personal opinion there definitely seem to be less repos on the market, especially the high dollar custom boats. Many of the real nice newer OL, Cig and Nortech repos are gone. Now the repos seem to be older boats, off brand, stuff that needs work, etc. There is not a ton of boats for sale out there right now like there was two years ago. Anybody who doesn't have to give there boat away right now isn't gonna. As inventory constricts prices stabilize and eventually rise. The bottom line for me is this- if you want something nice you gotta pay.

It looks like the classifieds are much smaller than they used to be. I don't know if that's because people are just not listing their boats or they are really selling. I know some boats that I have watched have sold recently. I had several friends with ski boats that they had for sale for a while all of them sold last month for appropriate prices.
I know that new boats will have to go up in cost because production volume is way down. Economy of scale with the boat manufacturers is non existent........
Just maybe we have hit the bottom, I hope so for the dealers, manufacturers and me.

Way to go Carry! Retail activity in general just feels better

Mayby I am wrong, but I think

a) The repos are definately less. And the huge savings on "very expencive" boats is not that easy to find anymore.

b) There have been very little new boat production in 2010. That makes the one able to buy new boats just to buy the repos that were new anyway.

c) The cost of building boats have arisen and that it is not easy to get a new boat build for a "repo price" and they therefor have to cost alot more.

d) The richest who bought the most expencice boats AND had "fast money" were the ones to first struggle with their financing, giving the first repos like the MTI, Nor-Techs Fountains etc. These guys have reach the bottom for a long time ago. But the others with more modest economy might use more time to get in a difficult economic situation, and some of them must give up now. They have the older repos, with huge money spent on repairs etc. And are now finito.

I see the same boats for sale for a while now (06-08, 42 fountains) and they can't sell.I do not see things getting better , and if you have a trade your giving it away.
In my opinion Cash talkes right now, if you are in the market with no trade.