Brokerage sales dip in December - Trade Only Today

Brokerage sales dip in December

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For the month of December, 1,575 brokerage boats were sold in the United States, a 1 percent decline from December 2010, according to U.S. members of YachtWorld.com reporting in their proprietary database, Soldboats.com.

Those sales brought the calendar year to a close with 28,669 boats sold, 3 percent fewer than the 29,485 boats that were sold in 2010. The total value of sales for December was $193 million, $47 million less than a year earlier. However, for the year, the total value of brokerage sales rose $111 million, to $3.3 billion.

Superyacht sales drove virtually all of the higher sales valuations for 2011. Sales of boats over 80 feet were up 10 percent for the year, to 161, and the value of those sales was up 54 percent, by $260 million. Although boats between 46 and 55 feet sold 2 percent better during the year and sold for a total value that was $3 million higher than in 2010, in all other size categories the number of sales and total value of sales were lower. Among boats 45 feet and shorter, 26,225 were sold, a 3 percent decline from 2010; the value of those sales was $1.56 billion, a 4 percent decline.

On a percentage basis, powerboat sales held up better against the previous year than sailboat sales for most months during the year, and this was the case again in December, when powerboat sales of 1,222 were about half a percent lower than the previous December. Sailboat sales dropped 2 percent, with 353 boats sold.

However, the value of powerboat sales declined 23 percent, to $163 million, while the value of the sailboat sales increased 6 percent, to $29 million. For the year, both powerboat and sailboat sales values finished up 3 percent, at $2.88 billion and $426 million, respectively.

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

— John Burnham

editorial director

Dominion Marine Media

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