Boat Market
 

What’s the pulse on the boat market?

I’m seeing some deals on older formulas.

Im in the market for a super console though, not seeing any softness in that market yet. Been thinking a Concept but I’m tempted to up my budget to get into an intrepid or maybe a cig?

Anyone seen any deals?

they don't exist in the CC market unless you looking for a more dedicated CC for fishing IMO.

The best thing you can do is get in touch with a few of the bigger dealers and put your "request" in. The majority of boats in this market are sold sans a public listing.

Very good I can sell my 2007 easy but late model style I want out of my budget or sold fast?

I noticed that too.

Some new prices:
370k to start a new marlago 37ss, twin Merc 350s
700k for concepts most recent 392 delivery with quad Merc 300s
1.8mm for a 42 cig with quad 450s

I want to price some intrepids but I expect those to be pricy too.

where I am at, the used boat market is still insane. Recently I found a Baja 252 Islander like mine, less features, more hours, and $10K more than what I paid two years ago..
Friend of mine was looking at a 25' MasterCraft, it went up $30K from last winter to now.

Anytime you have the type of money injected into our financial system like this administration has done, you will see the value of your dollar shrink. Its reality--Vote accordingly....

Joe

is that real money on a 42 CIG? Not questioning it I’m just shocked!! I would have said 1M, maybe 1.2 but I’m admittedly not in that market for a new Cig so don’t really have any idea….. (might could afford a new T-shirt if I renegotiated my HELOC)

Thats what I was thinking. Looks like if you went nuts with options the price would be $2,326,650

https://cimg3.ibsrv.net/gimg/www.off...3632555c58.png

https://cimg9.ibsrv.net/gimg/www.off...e303fb7569.png

Those option prices are just as crazy as the t shirts. Almost 10k for adjustable seats, 15k for sea dek? I just had a huge sea dek job done, likely twice the square footage of a cc for under 8, and last year I had real teak decking removed, and new installed on an 80’ boat from bow to swim platform for 110, they want 102 for the little bit that boat needs? Insane

Target demographic is those with FU money, it doesn't matter.

Is that Big Thunder or Cigarette's disclaimer in the ad ?

2mm is cheap for a new Cig...........amortize that by how many logo's you get for that! :D

https://www.yachtworld.com/yacht/201...e-gtr-8312361/
5 years old, quad 350s asking 774K..........imagine what Phil at Lipship could make this look like with 100-150K. Even if you blew 140K re-rigging it with new 400s you still would be over 1mm ahead.

About a quarter of all dollars in circulation at the end of 2020 were created in 2020. That is unparalleled.

Now, technically, it was the Federal Reserve that printed money and the administration that poured gasoline on that fire by running a huge deficit.

It is visible in prices for pretty much everything, pretty much everywhere in the world.

The Fed is belatedly making sure that there will be fewer people with FU money through interest rate increases. 'Demand destruction'. It will take a couple of quarters to work its way through the system. Whether the landing will be soft, or the world economy will make an epic stuffing is the question of the day.

$210K to go from quad to quints lol...

No deals there either. I recently bought a yr. old boat and probably paid what it cost new.

All of the new boat builds now have an inflation clause in the contract.
When it comes to new boats, that's why working with a dealer is best as they usually have paid build slots already slated, with prices somewhat locked in.
Sure, you are going to pay to buy into that slot, but it's likely not as expensive as paying to go to the back of the line, AND the wait associated.

Some boat dealers are selling used boats, and ALREADY have the NEXT buyer lined up.
For example; some folks want to buy a performance oriented CC to use at their second home on the water for the summer, AND there is someone that wants that exact same boat for the Key West Poker Run in November and their winter place in Florida.
Again, that's what the dealer advantage is in this market; as opposed to talking direct to the manufacturers.

A friend of mine had a build slot purchased through a dealer for a new 39' NorTech CC. He paid $25,000. 6 weeks later, he sold that slot for $50,000. That's a pretty decent return!
BUT, that was not enough to cover the inflation of the new boat cost, now going to the back of the line. So he bought something else.

The contender 44s looks like a relatively good deal.

$200K+ for an extra egg beater? $3550/engine for a white cowl instead of black? FFS.... Why?

Thanks. Brad.
(937)545-8991

Condition says used. :dunno

Because they can?

I mean if the stuff is being bought why not.

You can no longer sell a build slot at Nor-Tech. If you have paid for a slot you either finish the boat or Nor-Tech will refund your deposit, under normal circumstances I assume. When I asked why they wouldn't just keep the deposit or a portion of it, "we don't want to do business that way" was the response I got.

Good for them, but I would assume that would be for an individual that has a "slot".

If the dealer bought & paid for a slot, I would assume they would continue with the design and specifications of their choosing; knowing what they can sell when the boat is actually done.

Selling an allocation is a dick move.

Well OK then. Capitalist much? This was all done through his dealer.

Its a dick move because your intent was to never follow through on your agreement, rather sell your spot in line for profit. That may work in the marine world and be acceptable. I have an allocation for a 2023 Porsche GT3 that I purchased 3 months ago, and in my contract it clearly states the allocation can not be sold prior to taking possession of the vehicle. It’s also a way to guarantee you can’t buy one in the future if you try.

1) It wasn't me.
2) He already owned a 39' NT CC, and purchased a slot to build a new one. He had every intention to build it; but how would you know what the intention was to even assume such?
Alas, his family and boating plans changed. How TF does that make him a dick though? Sure, he made a profit; because he could. Folks act like profit is a 4-letter word. You let your money make money when you can.

Sydways,

I would have to agree with this. If somebody wants to sell their slot, they should be able to. If it's for a profit, good for them. If they bought it with the sole intent to sell it, so what? If somebody is willing to pay double what a slot is worth to jump the line, and it doesn't actually push anybody back, who loses? Everybody got what they paid for, at a price they willingly agreed to pay for it.

Just one dick's opinion.

Thanks. Brad.
(937)545-8991

Used to happen in the Harley world when all the yuppies were into them, happens with C8's now.

For that matter, I had waiting list to custom paint the bikes, the guys on the list would do the same thing. Being impatient can be expensive :drink:

Nor-Tech 39 with Triple 450's - brand new, already built - drive it off the lot for just $829K. Probably won't last long in this market. https://www.daysboatsales.com/defaul...qqNOHYuoEFT1JA

Selling and purchasing spots in the yacht industry is almost standard practice. Have heard many stories where xyz prince of Dubai didn’t want to wait so he bought a spot to skip the 7 year wait…

If it's for a profit, good for them. If they bought it with the sole intent to sell it, so what? It inflates the market for no good reason other than some ******* needs instant gratification.

If somebody is willing to pay double what a slot is worth to jump the line, and it doesn't actually push anybody back, who loses? It does push somebody back. Someone who wanted the boat to use lost out to someone willing to pay to cut in line.

Everybody got what they paid for, at a price they willingly agreed to pay for it. Inflating a market for nothing other than lining their own pockets.

Except none of this is the case.

The slot price is paid, and, I’m assuming, goes toward the price of the boat. If the slot is then sold, the price of the boat doesn’t change. The MFR doesn’t increase the price because a slot is sold. Demand does that, and that’s already there, either way.

it doesn’t push anybody back except the individual who CHOOSES to sell their slot. The profit was worth more to them than the build slot. Or maybe they had a change of priorities…? Who knows? Nobody else is affected in any way.

Thanks. Brad.
(937)545-8991

Nice boat, that is exactly what I'd order but 829K...............NFW. I'd love to know what the actual MSRP was on the boat

While I can see your point.............where do you draw the line?
1. Flipping houses is common
2. Plenty of flipped cars from old to brand new stuff right off the lot
3. Airplanes get flipped

If you want a new Ferrari or a new jet without waiting then you have to pay more.........why not for a boat?

I've got a new 911 GTS on order now at MSRP. I went to a MLB game and met a friend of a friend that sells Porsches in a big market. He said they get 50K over sticker for GT3s/GTS's, 100K over for Turbos. He told me they would buy my car on the spot for 30K over MSRP. I'm not flipping, I want the car. I've had a 911 before but never ordered a new one before.

Yes I was thinking that boat should sell for around $650K. My brain is still 2020 wired.

Which manufacturer? There are probably 50 companies that manufacture parts that go to NorTech to be assembled. There is no "MSRP" in the powerboating world. That's why they are called boat builders. The only thing they manufacture is the hull and structural components.

Post #9 is a pricing flyer from Big Thunder. It notes the price for a quad engine 42 is $1,775,000 as the MSRP (manufacturers standard retail price).....options are noted below that on the 2nd flyer.