After three months of lower sales, activity picked up at U.S. yacht brokerages in August, increasing by 72 boats, or 2 percent, to 2,983 from the same month last year.
Monthly reports on sales of brokerage boats help the industry understand the sizes and types of used vessels that consumers are buying and how long it takes to sell them.
The Florida Yacht Brokers Association and The Marine Council will present the 21st annual Yacht Sales and Law Seminar on Oct. 11 at the Westin in Fort Lauderdale Beach.
U.S. yacht brokerage sales declined in July by 114 boats (3 percent) from the same month last year.
In June, typically the highwater mark for the yacht brokerage market, 3,523 boats were sold in the United States and, as in May, sales were lower than in the same month the previous year.
The volume of brokerage sales of smaller boats declined markedly in May, which reduced total sales for the month by 273 boats, or 8 percent, compared with the same month a year earlier.
U.S. brokerage boat sales in April improved slightly from the same month last year, but the total price that buyers paid was incrementally lower.
After a couple of weak months to start the year, U.S. brokerage sales picked up steam in March as 2,443 boats were sold, an increase of 10 percent from 2,215 last year.
The Florida Yacht Brokers Association said 154 members of the yachting industry attended its second annual Yacht Engineering Seminar on April 5 at the Westin Fort Lauderdale Beach Resort.
Despite a leap-year February that was 3 percent longer than the same month a year earlier, U.S. brokerage sales volume was incrementally weaker for the month at 1,607 boats, 3 percent fewer than the 1,655 that were sold last year.
U.S. brokerage sales began 2016 as they ended 2015, with numbers that were weaker than in the same month in the previous year.