Brokerage sales see big boost in May

Posted on 09 June 2011

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Led by sales of large high-value boats, the U.S. brokerage market turned sharply upward in May, with an extraordinary $552 million in total value of boats sold, according to reports by member brokers of YachtWorld.com.

The dollar value was up 94 percent, or $267 million, from sales in April and up 67 percent, or $221 million, from sales in May of last year.

The total number of brokerage boats sold in May was 3 percent lower than in May 2010, with 3,253 boats changing hands, compared with 3,359 a year earlier. In most size ranges, sales were slightly lower or even with the previous year, but among the largest boats — over 55 feet in length — sales increased 39 percent, from 82 to 114, and the boats that were sold brought much higher prices. The total value of those 114 boats was $317 million, compared with $93 million for the 82 boats a year earlier.

Through May, U.S. brokerage sales remain 4 percent lower than through the first five months of 2010, with 11,913 boats sold. With the recent month’s increase in total sales value, year-to-date sales are now valued at $1.45 billion, an increase of $106 million from the same period in 2010.

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

— John Burnham

Dominion Marine Media editorial director

Comments

5 Thursday, 09 June 2011 18:52

Well said Blake!

4 Thursday, 09 June 2011 16:46

A more interesting and valuable breakdown would be a breakdown similar to your Data Tracker accompanying chart which shows the LOW end of the market to still be basically "where it's at". From your soldboats.com site the trade, as a whole, could be better served with a breakdown like "Average Size and Selling price" through all different size/ boat type segments ( 20-30'; 30-40'; 40-50' and so forth ) broken down similar to how you breakdown sizes,type of boat etc. in the Data Tracker . . . That would give those of us paying Dominion every month a MUCH better look at what is really going on in the industry than your so called TOTAL VALUE numbers which are easily inflated by Any/All "big dollar" sales . Respectfully, Cape Cod MA.

3 Thursday, 09 June 2011 16:40

Lets just accept some good numbers in the newsmedia of bad ones and move on. Yachtworld is just a sales listing, one of many in the cyberworld, and can shade statistics one way or another the same as many. I, for one, am happy to hear a bit of good news amidst lots of bad, even side by side on this website.

2 Thursday, 09 June 2011 16:15

Quit fluffing the numbers, "value" means nothing. The number of boats sold is lower and still dropping, and the actual sale amount is lower, value is a political number B.S.ing the economymongers and those who think Yachtworld actually helps brokers sell boats. Why doesn't Yachtworld try charging their fees based on actual boats sold insted of monthly fees for controlled hype, we might actually get real numbers we could work with?

1 Thursday, 09 June 2011 14:54

This is what I experienced. Exports are still driving the market. JUNE is gangbusters too...sending all the good yachts to Australia, New Zealand and even Curacao!
Weak Dollar combined with Americans fear of high fuel prices allows foreign buyers who think both our currency and fuel are both cheap -to scoop up all the good boats that aren't "upside down".

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