Brokerage sales slide in September - Trade Only Today

Brokerage sales slide in September

September results for U.S. yacht brokerages were mixed as 108 fewer boats were sold compared with the same month last year.
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September results for U.S. yacht brokerages were mixed as 108 fewer boats were sold compared with the same month last year, but the total price paid for the boats that were sold increased by 10 percent ($27 million).

A total of 2,367 boats and $286.6 million changed hands in U.S. market activity during the month, according to reports by YachtWorld member brokers in SoldBoats, their proprietary database.

Sales volume was off 4 percent overall, but it was off 5 percent in the dominant powerboat category as 1,900 boats of that type were sold. By comparison, sailboat sales remained level with the year before as 467 transactions were reported.

Growth in sales volume occurred in three of six size ranges, including a 3 percent increase in boats from 36 to 45 feet, where 603 were sold. The total value of boats sold moved up by 6 percent, rising to $81.3 million.

Gains also were recorded in the big-boat segments of 56 to 79 feet and 80-feet-plus; sales in those categories increased from a total of 71 boats last September to 89 this year. The total value also rose from $62.6 million to $89 million.

Two high-volume segments turned in lower numbers for the month as 609 boats under 26 feet were sold, off 10 percent, and 918 boats from 26 to 35 feet were sold, a figure that was down 5 percent. Among boats from 46 to 55 feet, sales declined 13 percent from 171 to 148.

However, prices held up well in all three categories and the average value of the boats sold in each segment rose for the month.

Through the first nine months of this year, 23,968 boats were reported sold by YachtWorld member brokers, down 2 percent from 24,455 in 2015. The total price paid was 1 percent ahead of last year at $2.93 billion.

John Burnham is the managing editor of Dominion Marine Media.

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

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