Brokerage sales results are mixed in March - Trade Only Today

Brokerage sales results are mixed in March

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U.S. brokerage sales volume was down 1 percent in March from a year earlier, with 2,560 boats changing hands across the United States, but the aggregate value of the boats sold increased significantly.

According to YachtWorld.com member brokerage reports, the total price tag came to $370 million, a 47 percent increase from March 2011.

Boats over 55 feet accounted for most of the $117 million gain in value. Ninety-two boats were sold in this category during the month, up from 66 a year earlier, and they brought in $189 million, an increase of $114 million. The 19 superyachts (over 80 feet) that were sold in March brought in $128 million on their own.

Much smaller boats also sold well. Among boats shorter than 26 feet, 924 were sold for a total value of $19 million — $2 million more than the 837 boats that were sold in that size range a year earlier.

In another high-volume category for brokers — boats 26 to 35 feet — March sales were weaker than they were the year before. Only 905 boats were sold in that category, down 120 boats from March 2011, and the total value of those sales decreased from $57 million to $50 million.

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

— John Burnham

Dominion Marine Media editorial director

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