Brokerage sales reach five-year high in May

Publish date:
Social count:

A five-year high of 3,518 boats were sold in the United States in May, according to member brokerages reporting sales in their proprietary database

That represented an 8 percent increase from the 3,265 that were sold in May 2011. Yet the aggregate price paid for the boats, $330 million, was 40 percent lower than last year, when the total was $553 million, a difference that has more to do with the benchmark month last year than the month just past.

In May, sales of $330 million represented a $25 million increase from April, and the aggregate sales value was the second-highest of the year behind March. The main difference was that in May 2011, 30 boats over 80 feet were sold for an extraordinary $254 million. In May 2012, only nine boats over 80 feet were sold for an aggregate price of $31 million.

The only size of boat for which fewer sales took place was, not surprisingly, those greater than 55 feet, with 85 boats sold, a 25 percent decrease from a year earlier.

All other sizes showed growth that ranged from 4 to 18 percent. The leading category was boats under 26 feet, where 1,116 boats were sold, up from 948 a year earlier. Average prices did not hold up as well, however, dropping in every category but the 36- to 45-foot range.

For the year to date, sales volume is up 6 percent, with 12,610 boats sold. The total value of boats sold has declined 2 percent, with sales of $1.43 billion.

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

John Burnham is editorial director of Dominion Marine Media.


Workers Wanted

Like most people born in 1990, Justin Bennett was on a four-year college track. He and his parents took it for granted that he would attend college before moving on to a steady desk job — until a stint at sailing camp, and later as a counselor, helped Bennett discover his passion for boats.

Momentum from Boat Shows Expected to Continue

Seventy percent of boat dealers who responded to a monthly survey said they had at least “somewhat positive” momentum emerging from winter boat shows, with 38 percent saying momentum was “very strong” or “strong.”