Brokerage sales show gains in July

Posted on

U.S. brokerage sales increased to 3,517 boats in July, a 10 percent gain from the 3,210 that were sold in the same month a year earlier.

According to YachtWorld member brokerages reporting in SoldBoats.com, their proprietary database, it was the third month in a row that sales topped 3,500. That figure previously had been reached only once since 2007 and that was in May 2012.

Buyers paid $299.1 million for brokerage boats in July, an increase of $60.4 million, or 25 percent, from $238.7 million in July 2012.

Sales of powerboats increased by 8 percent to 2,928 boats and the value of the boats sold climbed 24 percent to $256.4 million. Sales of sailboats increased even more on a percentage basis, with 589 boats changing hands, a 17 percent gain from the previous July. The total price paid for the sailboats increased 32 percent from $32.3 million to $42.7 million.

Market growth occurred among all size ranges of boats. Below 35 feet, an additional 202 boats were sold in July, a gain of 8 percent, and values increased at a faster rate, indicating a higher average price paid per boat than in July 2012.

In a category that had been weak all year — 56 to 79 feet — sales increased by 46 percent, with 73 boats sold, and the total price paid kept pace, at $39.9 million, a 47 percent gain.

In the superyacht segment — boats larger than 80 feet — sales rose from an unusually low four boats a year earlier to 14 sold in July this year. The aggregate price paid increased from $20.5 million to $36 million.

Through the first seven months of the year, U.S. brokerage sales were 2 percent higher at 19,924 boats sold.

A more detailed report summarizing recent U.S. brokerage sales will appear in the September issue of Soundings Trade Only.

— John Burnham

YachtWorld.com editorial director

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

What is the best outcome for the marine industry in the November mid-term elections?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password