Boat Market is INSANE!
 

I was looking to move over from my 32' Fountain CC into a Cat.. But these old 28 skaters are extremely expensive, I saw a 1999 28' skater for $130k.... I could just buy a brand new hellkat 30' with 300r's for that price... I even looked at some old spectre's and they're beat up and expensive... We need more companies like Hellkat, delivering these boat at a much lower price point then their competitors. Maybe that will drive prices down. This sector has been priced out by the rich...

It is insane. I'd like to move up to a Donzi 38 ZR with 525s. It ain't gonna happen. I like this little 23 Velocity too but it costs $130,000 with a single 300.
https://cimg8.ibsrv.net/gimg/www.off...64bbf78836.png

Yeah think, price out a used Cigarette, they are up $100k or more over what they were 7 years ago for the same boat, some people are cleaning up, IF they want to sell them. never seen so few Cigarettes for sale in the last 20 years which is another reason they are so expensive

Ya, I know someone with a 1999 30' spectre that wants $125k for the boat... I got offered $80k twice for my boat and I turned it down because I don't want to add $50k for an older boat and for it to be much smaller in size to what I have now.

I don't follow the prices either. I thought Howard was offering the 255 VTX boat with single 350 for around $130K MSRP and that's quite a bit more boat than a 23 velocity with outboards. I couldn't tell you the difference in build other than the velocity is supposed to be an all composite boat. I priced out a new 33 Ocean Hawk capable of 70mph for $170-180K probably didn't include a trailer, but that is near 36ft of boat with all composite construction capable of rough sees at speed.

I'm not really seeing any overpriced old cigarettes move though.

And it is the same hull as the 22 with some stupid looking wings added to it. Might be a nice boat but I doubt you'll see many of them, it is a totally ridiculous price, you can probably get a 27 progression for that kind of money.

not may boats have been made in the last 15 years the bust took a toll on the used market . now you see a ton of what I consider over priced brand new cc and small ob cats. how many 28 skaters have been made since 2010? along with the list of other brands cig, velocity, fountain, donzi, formula and so on. supply in demand I guess.

What gets me about the new OB cats talk about easy rigging, everything is on the buss. All you need is a little power for some lights and a stereo, everything else is plug in the screens and controls!

But everyone is selling them ( all boats) and backed up so you can't blame them.

Supply and demand.......

Only like 5 to 10 skater 28s have been made since 2010. I think they are up to about 135 total made with 100 of them between 1992 and 2000. They are holding their value so well because they are built and perform better than other similar cats. I also agree with the comment on supply and demand. When a new one is going to cost you 250 plus suddenly a nice used one at half that price looks pretty good.

....but a Hellcat is not a Skater.........
That said, I totally agree with you on the price of boats.

Yamaha is out of waverunners, C8 have a 2 year waiting list so yeah , prices on most things are waaayyyy up.
Dudes are selling C8`s $25k over sticker. Same with everything else.
Couple years ago a 6x6x16' was $35 now it`s $99

All these stupid ass lockdown shut stuff down.

That’s ^^ a big part of the problem, there’s a massive ‘hole’ in the market because so few boats were built for 8-10 years after the GFC. With the irrefutable laws of supply and demand, short supply has jacked up used prices.

I’ve heard from brokers in Australia, with the COVID travel restrictions, many people have been looking for a way to spend their vacation time locally. Boat sales have been booming and the used market has dried up. Well presented used boats are now worth a premium.

New boat prices are no longer aimed at the average family boater. They’re targeting bigger money and to justify the prices, new boats are overbuilt show stoppers. I respect the quality of build and fit out but it comes with a price. 10,000 watt sound system with 16 speakers and sub woofers, over the top custom upholstery, 20K paint jobs, Billet aluminum everywhere, powder coating etc, etc. If someone built a more basic boat, like the old Cigarettes, Scarabs and Apaches of the past, it would be half the price but the new boat market wants bling.

Blame it on bling.

RR

Two months ago I wanted to order 2 new Yellow 300HP Sea Doo's from my dealer on Lake Cumberland. They only had one left - and may not get another one for the entire year. Sold out in February. Insane. . At least we got one of what we wanted.

I was going to have my 14 year old 29 Advantage X-Flight totally refurbished - but my friend who was going to do the work is just slammed with new boat orders and he doesn't know when he can get to it. . So I'm having the boat shipped out to Advantage where they say used X-Flights are bringing insane money. If they get a good price for it like they say they can then I am going to let them sell it and have a new boat instead of doing the refurb. They usually have a showroom full of used boats to sell but this year they have like 1 boat. They've never seen anything like the demand for used boats right now.

I am well aware Hellkat isn't skater... But the boat will also not be 22+ years old and it'll be a bigger boat compared to the skater 28... But it's Hard to justify paying the same price for a 22 year old 28' skater with older motors, then a BRAND NEW 30' Hellkat with BRAND NEW 300r's. If It's a totally refurbished skater 28, then MAYBE i can see a justification on that.

Don't worry I am sure as soon as he gets more Hell cats out there the price will go up. People just don't know him yet.

Wonder if prices of boats will start to come down when Comrad Biden gets his wish of $5+/gallon gas prices

That's what I was thinking... Maybe gas prices rising will drop demand on boats lol

Gas prices will be on a long list of issues, just let the houseplant biden and his crew keep printing money and giving it away we should see a good healthy recession at which time everything will be at fire sale prices.

I'm patient I'll just sit back and wait the buying opportunity will come......

I do believe the differing geographic areas will be your measure with respect to how much people will pay to be on the water. Times are certainly different as LOTO has seen a significant influx of new homeowners from out of state and I am of the opinion people will pay to be out on the water. The exodus of population from the NE, some Great Lakes States as well as Cali tells me that certain economic demographics will not be effected by gas prices and will pay whatever to fuel the need to be on the water. This being said, even though this current admin would prefer pontoons will solar panels people will not soon forget about former fuel prices on land or sea and higher gas prices moving forward will not sit well coming out of the Wu-han.

I think the terms that lenders are willing to write up has a lot to do with prices of everything, especially hobbies like boating. Manufacturers know this as do dealers and private sellers. That with a black hole of performance boats made from 09-15 has prices through the roof. Once banks start reeling terms back in the prices of boats and other hobbies will follow.

I see a lot of people wanting to buy used boats and there just aren't any out there, or the ones that are available are at ridiculous prices as noted in earlier posts.
I'm talking 21' - 25' boats...runabouts, cuddy cabins...just not out there.
I'd decided to put a price of $12,800 on my '92 Baja 208 last year when I made the decision to sell it this year, now I am thinking I'll bump that up a few thousand, just to see what happens.

+1. I would add that the used boats that are likely to be hard to finance like a 15+ year old any performance boat is not really moving very fast.

Now I saw a 23 Kryptonite pop up for sale on facebook the same day it was listed and the next day sale was pending. Of course the price was within the range that many could afford to pay with cash.

I always say gas is the cheapest part of boating. If you can’t afford $600 of premium you should not be boating. It’s an expensive sport that I love😎

Not True. You actually have it reversed. They're done busting their ass for little reward, they're finally getting the money they need to run the business properly and enjoy life.

Inflation is the ultimate goal, high taxes, regs, You voted for it, now you got it...

Speak for yourself... I didn't vote for this crap!
:flag:

Well, "supposedly" quite a few voted for this... if not, ahhhh never mind.

Sounds like the used market is thin enough that the older I/O sport boats could get interest from buyers again? Finally, I can explain to the wife that a refresh of the 18 year old Velocity is a sound financial decision...really honey “it will go up in value.”

Lumber has went insane. Were in hyper inflation in real time. Logic and reason are out the window.



The more you make the more they take.

$8.39 for a straight 2 x 4 x 8 at Menards today !!!!

This is what happens when you stifle production but keep dumping the helicopter $$.
Couple that with the current “ideology before economics” mentality, who knows where it’s going.
However, at least for now, we’re still the cleanest dirty shirt in the drawer.

Paid $57 for a sheet of 3/4 plywood last week. Treated 5/4 deck boards are now so expensive that Trex or similar is not much more expensive.

Just put up this shop at some property out in the sticks.
Steel was quoted 10k less than lumber/pole barn.
I think steel is way up now also.

https://cimg9.ibsrv.net/gimg/www.off...2ff1a87f3.jpeg

Steel isn’t cheap now either.

Nice work!

Increase
 

absolutely correct on that one!

Here in the Seattle area the state legislature is trying to pass a doubling of the annual registration taxes on boats. What a nice gesture that is to those of us that hung in there through Covid-19. We need concrete shoes for these progressive left wing liberals.

Kansas has just within the last few years repealed the extremely oppressive taxes that were in place for boats, RVs, etc. Wasn't unusual to pay $1000 per year on a 10 year old boat or camper. And they wondered why so many people in Kansas had purchased a p.o. box in Oklahoma and registered their vehicles out of that state.
Kansas' response? Created a "turn in your neighbor for a reward" program if you saw they had an Oklahoma tag on their car....!

I had a 30' Scarab CC when my kids were little, one of the best boat layouts at the time. Loved it ! If Ihad a 32' Fountain CC now, I wouldn't think of selling, not even for a Skater...4 grandkids later. {24' Monza w/Bulldog 468 }