Brokerage sales drop in MayPosted on Written by John Burnham, YachtWorld.com
Year-over-year sales volume declined 6 percent for U.S. yacht brokerages in May, marking the third straight month of lower sales.
Sales fell to 3,088 boats from 3,302 in the same month last year, according to YachtWorld member brokers reporting in SoldBoats, their proprietary database.
Powerboat sales were down by 184, or 7 percent, from the previous May, at 2,584, and sailboat sales were lower by 30, or 6 percent, at 504.
Contrasting with the decrease in overall sales was a $67 million gain in the total value of boats sold during the month to $472 million. The increase matched almost exactly the gain in value of superyachts sold in May ($66.6 million).
Among categories of boats 45 feet and shorter, sales volumes declined in May, yet the average sales price increased, especially among boats under 26 feet, where it rose 13 percent from $25,921 to $29,357.
The average sales price increased in every segment except among boats from 46 to 55 feet, where it was down 1 percent at $324,042. However, sales rose 3 percent in that size range as 214 boats were sold.
A cold, wet spring in some parts of the country likely played a role in the May results. Regional variations were reported; for example, brokers in sunny Florida sold 3 percent more boats in May than they did in the same month last year.
For the year through May, sales were down nationally by 1 percent as 11,641 boats were sold. The total value of sales increased 11 percent to $1.74 billion.
John Burnham is the managing editor of Boats Group (formerly Dominion Marine Media).
A more detailed report summarizing recent U.S. brokerage sales will appear in the July issue of Soundings Trade Only.