YachtWorld report shows robust 2011 in Florida - Trade Only Today

YachtWorld report shows robust 2011 in Florida

Author:
Publish date:

Data released today by YachtWorld.com shows that Florida member brokers sold boats in 2011 with an aggregate price nearly equal to that of boats sold in the rest of the United States.

The YachtWorld Market Index showed that although Florida brokers accounted for fewer than 20 percent of the brokerage boats sold nationwide, their sales netted 47 percent of the value of all sales in the country.

Other key findings of the YachtWorld Market Index include:

• Combined brokerage sales in Europe and the United States were $5.34 billion in 2011, up from $5.25 billion in 2010.

• The number of brokerage boats sold in the United States was down 3 percent, compared with 2010, and the aggregate value of the sales was up 3 percent, to $3.3 billion.

• The number of brokerage boats sold in Europe was down 2 percent, compared with 2010, and the aggregate value of the sales was down 1 percent, to $2.03 billion.

    “We study our member brokers' sales data in SoldBoats.com every month,” YachtWorld.com editorial director John Burnham said in a statement. “When we analyzed the data at the end of the year for this issue of the market index, even we were surprised how much sales of premium yachts drove the total value of sales higher in 2011. It also benefited brokers working in regions like Florida and southern Europe where most of these vessels are sold.”

    The report is published by YachtWorld.com, which offers boats for sale by more than 10,000 individual yacht brokers in 143 countries.

    Click here to obtain a copy of the report, or contact: courtney.chalmers@dominionmarinemedia.com.

    YachtWorld.com is a Dominion Marine Media business.

    Related

    E-nnovation Lab to expand at 2018 Metstrade show

    The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

    Aluminum, tow boats lead moderate growth in May

    Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

    Retaliatory tariffs on boats to EU start today

    The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.