Brokerage Sales

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.

YachtCloser adds insurers to its system

YachtCloser, touted as the first administrative tool for the yacht brokerage world that automates the entire sales process, hasn’t been around for two years yet, but it’s growing exponentially. Now the company is adding insurance providers to the system to automate that part of the process. “Essentially the broker has the opportunity to click a…more

Brokerage sales keep momentum in June

After a record-setting month in May — the best in five years — U.S. yacht brokers recorded another strong month in June, selling 3,558 boats, 172 fewer than in May but 101 more than in June 2012. YachtWorld member brokerages reporting in their proprietary database, Soldboats.com, said they not only sold 3 percent more boats,…more

Repo business turns to brokerage sales

Seeing the boat repossession market sag, a Michigan marine company is boosting its used-boat brokerage business. Jeff Henderson, president of Harrison Marine Services in Harrison Township, started his business 25 years ago to provide repossession, the liquidation and storage of recovered boats, consulting and investigative work. Business grew every year until about 2010, when boat…more

Iboats.com reports social media growth

Utah-based iboats.com announced it recently passed the 400,000-member mark in its forums. In addition to the forums, iboats.com has 71,948 “friends” to its “I Love Boating” Facebook page and Twitter followers have topped 14,500. “The total iboats social media reach has grown by over 11 percent in the last year, continuing to make iboats.com the…more

Brokerage sales hit milestone in May

U.S. brokers saw a boost in business in May, selling more boats than in any single month since 2007. Sales had gradually improved in March and April, compared with 2012, but in May they climbed significantly with 3,730 boats reported sold by YachtWorld member brokerages reporting in their proprietary database at SoldBoats.com. This was well…more

Stuart Yacht Sales opens second Florida office

Stuart Yacht Sales announced the opening of a second staffed brokerage office in Stuart, Fla. The new office is across from Martin County’s Sunset Bay Marina at 602 SW Anchorage Way and will be open seven days a week. “This represents a great opportunity for us, as the Sunset Bay Marina is 198 slips and…more

Boat Trader joins with Statistical Surveys on sales data offer

Boat Trader and its sister company boats.com announced a partnership with Michigan-based Statistical Surveys. The partnership provides dealers with localized sales data through the Dealer Analysis Report. Available by subscription only, the Statistical Surveys Dealer Analysis Report gives dealers a detailed snapshot of current sold-boats data in the counties in which they compete. Dealers can…more

Former California broker charged with fraud

Nearly four years after emptying his bank accounts and disappearing from Dana Point, Calif., a former yacht broker was arrested Friday in South Florida and charged with defrauding 26 victims of more than $1 million. Edward S. Fitzgerald, 60, is charged with eight felony counts of theft from an elder, 19 felony counts of using…more

Brokerage sales down in April

The number of brokerage boats sold in the United States in April declined by 1 percent, or 26, to 3,004, compared with the same month a year earlier, and the total price paid for them fell 3 percent to $300 million. The average time it took to sell a boat increased by 4 percent in…more

Boat Trader unveils iPad app

Dominion Marine Media-owned Boat Trader announced the launch of an iPad app designed to make boat buying and selling easier. The app was developed using technologies that animate a selection of boats for sale in the United States. Users now can access more than 150,000 boats from any location. “The new Boat Trader app brings…more

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