Brokerage sales volume up in June - Trade Only Today

Brokerage sales volume up in June

Brokerage sales volume increased to 3,649 boats in June, a 3 percent gain from the previous June.
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Brokerage sales volume increased to 3,649 boats in June, a 3 percent gain from the previous June, according to sales reports by YachtWorld member brokerages in their proprietary database SoldBoats.com.

The total value of the boats that sold was $413.2 million, a decline of 15 percent from $485.8 million a year earlier.

Unit sales of powerboats and sailboats also were up 3 percent, as 3,084 powerboats and 565 sailboats were sold. The total value of sales was lower among both types of boats, with powerboat values declining 16 percent, from $442.3 million to $371.9 million, and sailboat sales values falling 5 percent, from $43.5 million to $41.3 million.

The key to the volume increase in June was a 12 percent gain in sales among boats 26 to 35 feet, as 1,472 of those were sold. The largest boats sold well, too, especially boats from 56 to 79 feet, which saw a 40 percent increase, with 102 reported sold.

Other segments of the market were level or declined, especially boats smaller than 26 feet; 1,171 of those were sold, down 4 percent from 1,219 last June. On a percentage basis, sales slipped the most among boats 46 to 55 feet, with 169 sold, a 15 percent decrease from 198 last year.

The value decline for the month was mainly attributable to sales of lower-priced superyachts. In June last year, 18 boats were sold that were 80 feet and larger for a total of $185.5 million. This year, 20 boats were sold during the month, but they collectively netted only $53.8 million. The value loss was somewhat made up for by gains in other segments, notably among boats 56 to 79 feet, increasing by $37 million, to a total of $83.6 million, and boats 46 to 55 feet, up $14 million despite fewer sales, as noted earlier.

Sales through June were down 2 percent; 15,917 boats were sold in the first half last year and 15,582 were sold during the same period this year.

John Burnham is the editorial director of Dominion Marine Media.

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

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