Brokerage sales down in January - Trade Only Today

Brokerage sales down in January

Author:
Publish date:
Social count:
0

The new year began with sluggish January U.S. brokerage sales of 1,567 boats, down from 1,623 in December and 1,639 in January 2014.

The total value of boats sold was $221.1 million, a decline of $21.5 million, or 9 percent, from $242.6 million in the previous January, according to YachtWorld member yacht brokerages reporting in SoldBoats.com.

Consistent with a pattern that was common in 2014, the primary reason for the decline in the dollar value of boats sold was a drop in superyacht sales. This January, the aggregate price of boats sold that were larger than 80 feet was lower by $23.4 million than in the previous January; the total value of all boats sold that were smaller than 80 feet was up slightly, by $2 million, despite 88 fewer boat sales.

Brokers in most segments of the market reported lower sales volume. The exception was among boats shorter than 26 feet, where 466 were sold, up 2 percent from last January. Sales in the other high-volume segments of 26 to 35 feet and 36 to 45 feet were down 5 percent and 3 percent, respectively.

In the 46- to 55-foot range, despite a decline in sales from 127 to 115 boats, the total value of sales increased by $1.1 million to $34.3 million and the average sold price was up 14 percent at $298,495. The 56- to 79-foot range reported a sales decrease from 56 to 37 boats, yet the average sold price increased 47 percent to $982,511.

Average sold prices were down slightly in the 36- to 45-foot segment and the segment of boats smaller than 26 feet, but in the 26- to 35-foot segment the average price was up 22 percent at $68,472.

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

John Burnham is the editorial director of YachtWorld.com.

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.