Mixed results for brokerage sales in August - Trade Only Today

Mixed results for brokerage sales in August

Brokers selling sailboats led the way with a 3 percent volume increase as 527 boats were sold.
Author:
Publish date:

In August, for the third month running, YachtWorld member brokerages reported incrementally improved results to SoldBoats.com, their proprietary database. Sales were up 1 percent from the previous August as 2,902 boats were sold.

Brokers selling sailboats led the way with a 3 percent volume increase as 527 boats were sold. For July and August, sailboat sales were up 4 percent, although they remained lower for the year through August by 3 percent with 3,696 sold.

The total price paid for all boats sold in August declined by $22 million to $280.1 million, a result of superyacht sales (boats larger than 80 feet) that were 50 percent lower. Eleven superyachts were sold, compared with 22 in the same month last year.

Values were higher in four of the other five length segments, led by boats from 56 to 79 feet, which delivered $12.6 million more than the previous year, or $47.3 million, on the strength of a 23 percent rise in sales volume to 75 boats.

Sales of all boats under 45 feet were level or up incrementally; boats 46 to 55 feet sold for an aggregate price of $45.9 million, down 4 percent from the previous August despite a 1 percent gain in the number of sales.

One noteworthy category was boats under 26 feet, which had shown consistently lower sales this year; in August, 891 boats were sold, even with the previous August. The total price paid for boats in the category was also level at $21.3 million.

Through August, U.S. brokerage boat sales totaled 21,898, 1 percent less than a year earlier. The total value of sales was $2.65 billion, $97 million, or 4 percent, more than last 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 October issue of Soundings Trade Only.

Related

Senior Manager, Customer Service - Sea Ray

It is our people behind life’s passions who will make the big difference. If you are interested in becoming part of a company that delivers market leading products, driving your own career and working with brands committed to active lifestyles, then you’ve found your fit.