Brokerage sales hit four-year milestone - Trade Only Today

Brokerage sales hit four-year milestone

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Both the number of boats sold and the total value of the sales increased in June, compared to June 2010, according to reports by U.S. brokerage members of YachtWorld.com. Unit sales rose 1 percent, but the 3,446 boats was higher than in any month since 2007.

Total sales value rose at a steep rate (43 percent) to $411 million in sales. This was the second month in a row of extraordinary valuations; in May, sales totaled $552 million.

In the first six months of 2011, the number of boats sold lagged 2 percent behind the same period in 2010, with sales of 15,370 boats. However, the total value of boats sold increased 14 percent on sales of $1.86 billion.

June is typically the peak sales month of the year for U.S. yacht brokerages, but the numbers were higher than what’s been normal in recent years. The primary reason is a surge in sales of higher-valued boats over 55 feet long. Unit sales in that size range grew by 26 percent in the first half of the year, and total sales value was up 43 percent to $773 million.

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

— John Burnham

Dominion Marine Media editorial director.

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