Brokerage sales dip in October

Author:
Updated:
Original:

The U.S. market for brokerage boats improved in October for boats longer than 36 feet, but overall sales fell 1 percent from the same month last year as 2,304 changed hands.

Among boats above 36 feet, sales rose 10 percent from October 2013 to 829.

The value of all boats sold in October totaled $319 million, up 10 percent from $290 million the previous year, according to YachtWorld member brokers reporting in their proprietary database, SoldBoats.com.

From small-boat segments to large, the aggregate price paid increased from the previous October, although in the smaller ranges, which reported reduced sales activity, the increases were minimal. The largest gain was among boats 56 to 79 feet, where the aggregate price rose from $39 million to $53 million.

The larger the size range, the greater the percentage increase in the number of boats sold in October. The superyacht sector was up 91 percent, based on 21 vessels changing hands.

Among boats 56 to 79 feet, sales climbed to 67, up 22 percent from 55 in October 2013. Sales of boats 46 to 55 feet were up 15 percent at 172 and, among boats 36 to 45 feet, 569 were sold for a 6 percent gain.

By contrast, sales of boats 35 feet and shorter declined 6 percent from 1,572 to 1,475.

Average prices increased from $125,000 to $139,000 for the market as a whole and some of the strongest pricing gains were among the smallest boats, even as unit sales declined. The average boat under 26 feet increased in value from $22,000 to $24,000; the average boat 26 to 35 feet sold for $56,000, up from $53,000.

The average sale price for boats 56 to 79 feet rose markedly, moving from $705,000 to $798,000.

John Burnham is the editorial director of Dominion Marine Media.

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

Related

Argos 3D Forward Looking Sonar

For 20 Years, FarSounder has been developing and manufacturing 3D forward-looking sonar for vessels of all sizes.

Dometic Marine Appoints Executives

The company promotes a 20-plus-year employee and adds a vice president of aftermarket sales and e-commerce.

IMEA Launches Scholarship Program

The International Marine Electronics Alliance aims to recruit students into the field of marine technology.

RBFF Campaign Reels in Awards

The fishing-and-boating advocacy group’s Get on Board campaign was recognized by two national public relations organizations.

Suzuki’s Clean Ocean Project

Testing of the engine manufacturer’s microplastics filtering device continues as it moves closer to production. The company also released its full-year financials.

Uflex Adds to Sales and Marketing Team

The company said significant growth during the last few years created the need to add three employees.

NMTA Beats Proposal To Double Excise Tax

It’s just one example of the value of belonging to a state or local marine trade association. Are you a member of an MTA?