Brokerage sales drop in October - Trade Only Today

Brokerage sales drop in October

YachtWorld member brokers reported an October slowdown to SoldBoats, their proprietary database.
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After running ahead of the previous year’s monthly sales levels for four months, YachtWorld member brokers reported an October slowdown to SoldBoats, their proprietary database.

Volume dropped by 97 boats, or 4 percent, from the same month last year as 2,219 boats were sold, although the total remained slightly ahead of the five-year average for the month.

The total sales value of $264.7 million was down 17 percent from the previous October’s $319.6 million. The main difference was that sales of boats larger than 46 feet declined from 260 to 228 and the total price paid for boats in this range dropped $60 million, or 33 percent.

Among smaller boats, sales volumes were down slightly, but the total price paid increased, as did average prices. The 26- to 35-foot and 36- to 45-foot categories had 4 percent decreases in sales, but 8 percent gains in average prices. Sales of boats smaller than 26 feet were down 1 percent as 550 boats sold at average prices 6 percent higher than the previous year.

Powerboat sales for the month were down 5 percent on sales of 1,760 boats and the value of those sales declined by $58 million because of lower big-boat sales. Powerboats sold 4 percent more quickly, however, as the average number of days required to list and sell a boat dropped from 251 to 240.

Marching to the beat of their own drum, sailboat sales were down 2 percent, as 459 boats were sold, but the total price increased 10 percent, or $3.5 million. The higher values were attributable to a small rally among boats larger than 46 feet, the segment that slowed in October for powerboats.

John Burnham is the managing editor of Dominion Marine Media.

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

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