Brokerage sales see growth in April - Trade Only Today

Brokerage sales see growth in April

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U.S. brokerage sales were higher in April than a year earlier, both in terms of sales volume and the total value of the prices paid, according to members of YachtWorld.com, reporting sales in their proprietary database, SoldBoats.com.

The number of boats sold grew 5.1 percent, from 2,822 to 2,967, and the total dollar value of those sales increased 7.5 percent, from $284 million to $305 million. This was the third month in 2012 that showed growth in sales volume and the fourth consecutive month of increased value.

The strongest sales growth in April was recorded among boats smaller than 26 feet and larger than 55 feet, a trend in recent months. The only size category of boats with lower sales for the month was boats 46 to 55 feet, which was off 15 percent, from 160 to 136 boats. The aggregate sales value of those boats dropped 11 percent, from $47.3 million to $42.1 million.

The volume gains in April were entirely attributable to powerboat sales. Six percent more powerboats changed hands, a total of 2,437, which sold for $268 million, a valuation that was 11 percent higher. By contrast, sailboat sales valuation came in 11 percent lower, dropping from $42 million to $38 million.

For the year to date, U.S. sales volume increased from 8,664 in 2011 to 9,081 in 2012, up 5 percent. The aggregate value of the sales totaled $1.1 billion, a gain of $200 million, or 22 percent.

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

— John Burnham

Dominion Marine Media editorial director

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