Brokerage sales slip in January - Trade Only Today

Brokerage sales slip in January

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The number of brokerage boats sold in the United States and the total valuation of those sales declined in January, compared with the same month in 2010.  That's what U.S. brokers reported to SoldBoats.com, the proprietary database shared by member brokerages of YachtWorld.com.

The unit sales total of 1,564 boats represented a 2 percent decrease from the previous January, when 1,604 boats sold; total sales valuation sales slipped 4 percent, to $178 million.

The strongest part of the market was not among bigger boats, as in recent months, but in the middle range - 36 to 45 feet. The number of boats sold in that range increased by 1 percent, with 346 boats changing hands. The total valuation of those sales increased nearly $2 million, to $45.5 million.

Bigger boats held their value well, even when the total number sold was less. For the 93 boats sold between 46 and 55 feet (the same number as last year), total valuation climbed 4 percent, to $28 million. In the over-55-foot category, unit sales were down 17 percent, with 55 boats sold, but the boats sold for more money on average. Total valuation was down 12 percent, to $61 million.

Powerboat sales held up better than sailboat sales in January, rising 1 percent, compared with the previous January, with 1,258 boats sold. Sailboat sales were down 15 percent, to 306 boats. Total valuation was down 2 percent, to $155 million, for powerboats; for sailboats it dropped 17 percent, to $23 million.

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

— John Burnham

Dominion Marine Media editorial director

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