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Brokerage sales down in June - Trade Only Today

Brokerage sales down in June

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The number of brokerage boats sold in the United States in June was down 2 percent below the total for the same month last year.

The 3,505 boats that were sold (71 less than June 2013) delivered a slightly higher total price of $485 million, up $2.2 million from a year earlier, according to reports by YachtWorld member brokerages in their proprietary database, SoldBoats.com.

Powerboat sales, which comprise more than 80 percent of brokerage sales, declined by 3 percent for the month, as 2,953 boats were sold. Sailboat sales were 4 percent higher as 552 boats were sold. The aggregate price paid for powerboats was 1 percent lower at $441.5 million and sailboats delivered a 16 percent higher total price of $43.5 million.

Sailboat sales improved in all size categories except 26 to 35 feet, where they were down 9 percent. Among powerboats, sales were down for all boats below 35 feet, but were 12 percent higher among boats 36 to 45 feet, as 506 were sold.

At the halfway mark this year, the number of brokerage boats sold in this country was 15,815, down 4 percent from 16,522 a year earlier. In the second quarter, when seasonally the most boats are sold, the number was just 3 percent lower as 10,130 boats changed owners.

The total value of all boats sold through June was down 8 percent from $2.14 billion to $1.96 billion. Excluding superyachts (boats larger than 80 feet), however, the total price paid was up from $1.4 billion to $1.42 billion, a value gain of $22 million for the rest of the market.

Among superyachts, which range widely in price, depending on size and age, the total price paid was down $196.5 million, even as sales rose 1 percent.

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

John Burnham is the editorial director of YachtWorld.com.

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