Is the boat market coming back?
#11
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Joined: Jul 2007
Posts: 3,648
Likes: 32
From: Oneida Lake NY
Seems like "deals" are scooped up pretty quick. Lots of boats seem to be setting in the classifieds for a year or years.
Being in the market I am a bit surprised what a 10 year old boat is still being priced at. I sold my 2001 top gun almost 3 years ago and they are still asking comparable prices for 2001 Top guns 3 years later.
Being in the market I am a bit surprised what a 10 year old boat is still being priced at. I sold my 2001 top gun almost 3 years ago and they are still asking comparable prices for 2001 Top guns 3 years later.
However, if you remember the old TG's (late 80's early 90's) were still pulling big money just 4-5 years ago. Now that financing has dropped off, anyone truely trying to move a TG from that era is asking a 1/3 of what they were in 2007.
#12
#13
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Joined: Sep 2006
Posts: 595
Likes: 0
From: Toronto, ON
Glad to see the market stabilizing and boats moving. I don't believe however that used boats will be appreciating in value any time soon. Prices have gotten more realistic since 2008-2009 and Phil has priced his boats appropriately, IMHO.
#14
Just an fyi on the comment regarding the smaller performance boat market pricing. From the boat builders side of things, Mercury has raised prices dramatically over the years and a twin engine 28-32' boat has all the same rigging, engine and standard equipment of a 46 twin engine cigarette.
The quality of the equipment may or may not change but all the other costs are the same. Resin and balsa are not the main factors in determining pricing in a boat. The mechanical stuff is just way more impactual on a smaller boat.
How can a boat builder build a 28' twin engine boat for a 100k when the engines and drives cost 75? Thats the biggest reason for the big markup over the past ten years in boats under 35'
Imho
NK
The quality of the equipment may or may not change but all the other costs are the same. Resin and balsa are not the main factors in determining pricing in a boat. The mechanical stuff is just way more impactual on a smaller boat.
How can a boat builder build a 28' twin engine boat for a 100k when the engines and drives cost 75? Thats the biggest reason for the big markup over the past ten years in boats under 35'
Imho
NK



