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Brokerage sales show gains in July

U.S. brokerage sales increased to 3,517 boats in July, a 10 percent gain from the 3,210 that were sold in the same month a year earlier.

According to YachtWorld member brokerages reporting in, their proprietary database, it was the third month in a row that sales topped 3,500. That figure previously had been reached only once since 2007 and that was in May 2012.

Buyers paid $299.1 million for brokerage boats in July, an increase of $60.4 million, or 25 percent, from $238.7 million in July 2012.

Sales of powerboats increased by 8 percent to 2,928 boats and the value of the boats sold climbed 24 percent to $256.4 million. Sales of sailboats increased even more on a percentage basis, with 589 boats changing hands, a 17 percent gain from the previous July. The total price paid for the sailboats increased 32 percent from $32.3 million to $42.7 million.

Market growth occurred among all size ranges of boats. Below 35 feet, an additional 202 boats were sold in July, a gain of 8 percent, and values increased at a faster rate, indicating a higher average price paid per boat than in July 2012.

In a category that had been weak all year — 56 to 79 feet — sales increased by 46 percent, with 73 boats sold, and the total price paid kept pace, at $39.9 million, a 47 percent gain.

In the superyacht segment — boats larger than 80 feet — sales rose from an unusually low four boats a year earlier to 14 sold in July this year. The aggregate price paid increased from $20.5 million to $36 million.

Through the first seven months of the year, U.S. brokerage sales were 2 percent higher at 19,924 boats sold.

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

— John Burnham editorial director



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