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Economy+Irak War => USED BOAT PRICES DOWN 20% the last 6 months. Where does it end?

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Old 01-30-2003, 10:47 PM
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apache41
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Exclamation Economy+Irak War => USED BOAT PRICES DOWN 20% the last 6 months. Where does it end?

High fuel prices. Even higher fuel prices to come during the Irak war...

"Soft" economy.

Mounting private debts.

Oversupply of boats (bought new or redone during the "boom-times")

My impression: Within the last 6 months the prices of used boats did drop anything from 15% to 25%. And that's just the asking price.

Even preowned Cigarette Top Guns are down 15%-20% compared to last summer ...and still there seem to be no buyers.

What are your experiences?

WHERE WILL IT END? Will boat prices eventually half?

What are your views...?
 
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Old 01-31-2003, 10:40 AM
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jb
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Maybe they will come down enough to actually be what they are worth!
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Old 01-31-2003, 11:09 AM
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Some times things get over-rated and out of control and then find their spot...REMEMBER gold prices in 1980? $850 an ounce! Where has it been since?
 
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Old 01-31-2003, 11:19 AM
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JB I hear ya man
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Old 01-31-2003, 12:52 PM
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And yet Cigarette had a 25% increase on the retail price of there boats this year.
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Old 01-31-2003, 01:09 PM
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I sure don,t see it, But for sure it,s got to happen the only reason the car market has not downturned is because they keep it going with rebates and special finance. Formula and other have thier boats on special, but guy,s who are selling used won,t face it
 
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Old 01-31-2003, 02:34 PM
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Gold Prices Are On The Rise, Spot Today: $370.15 Last Month It Was $318.76... I Think The War Is Coming....

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Old 01-31-2003, 03:21 PM
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When we had the boat tax prices were low remember 30to32 footers 99,999 with 502s 24 to 28 footers 35,000 to 50,000. then they lift boat tax , bang prices shoot thougth the roof well it would nice to buy 28 to30 single or no power.FOR 50,000 to 60,000
 
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Old 01-31-2003, 03:44 PM
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Im sure everyone can understand why a custom built boat would cost more than a custom built house.
 
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Old 01-31-2003, 04:07 PM
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You nailed it. Just think of the bad ass house we could build, figure it a total over kill at $250 a square ft........ What was the square footage of the big Nortech cat? Damn, I'd rather have the Nortech and the cash to keep it running.
 
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