Brokerage sales increase in January - Trade Only Today

Brokerage sales increase in January

Author:
Publish date:
Social count:
0

U.S. brokerage sales rose 4 percent in January, compared with the same month a year earlier, and the total valuation of boats sold rose 9 percent.

According to sales reported by YachtWorld.com member brokerages, 1,628 boats changed hands last month for an aggregate price of $193 million. Compared with December 2011, sales in January were also higher by 4 percent; the total value was level.

Big boats continued to sell well in January. Sales of boats over 55 feet increased 24 percent, with 68 boats sold, and the valuation of sales rose 27 percent, to $78 million. The superyacht segment of that group contributed about $12 million to the valuation gains; 13 boats over 80 feet were sold, compared with nine a year earlier.

Boat sales also increased in the mid-size categories: Sales of boats 36 to 45 feet were up 7 percent, to 368 boats, and sales of boats 46 to 55 feet were up 11 percent, to 103 boats. Among boats under 26 feet, sales increased, as well, gaining 7 percent, to 503 boats; however, sales of boats 26 to 35 feet declined 3 percent, to 568 boats.

Average sale prices were relatively level among most sizes of boats, except among boats under 26 feet and boats 46 to 55 feet. Although more boats were sold in each category, the total sales value declined; this lowered the average price for the small boats from $20,000 to $18,300 and for the larger boats from $305,000 to $241,000.

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

— John Burnham

Editorial director

Dominion Marine Media

Related

NMMA: Bad trade policies are piling up

President Trump announced a new round of tariffs on China that would affect marine components being imported from there, further jeopardizing strong growth in the industry, said the National Marine Manufacturers Association.

Law symposium issues call for speakers

Following the success of the 2017 and 2018 ABYC Marine Law Symposiums on the East Coast, the American Boat and Yacht Council will host next year’s Marine Law Symposium in Seattle on Jan. 8.