Boating Bubble?

Discussion in 'General Discussion' started by Golfman25, Jul 4, 2020.

  1. Golfman25

    Golfman25 Well-Known Member

    Sep 12, 2009
    IL
    281
    V8
    Happy 4th. Very hot today. :)

    Talked to a broker today. Sold the boat I was interested in. Says its crazy out there. Makes zero sense to me. So are we seeing a market bubble in the boat biz? When does it pop? And then what?
     
  2. blaster

    blaster Well-Known Member SILVER Sponsor

    May 23, 2011
    potomac river
    2010 sea ray 205 sport
    F-250 CCLB 6.2 4x4 3.73 rear.
    Mercruiser 4.3 mpi alpha 1.62
    It pops in winter every year. Some years the summer sales bubble is small other years its large. Sometimes it doesn’t pop, it implodes or explodes.
     
  3. stephenm27

    stephenm27 Active Member

    441
    Nov 3, 2009
    Milton, GA
    Boatless. ISO 2010+ 330 Sundancer w Axius
    For those of us currently boatless (and shopping), here's to hoping for great deals this winter...
     
    Fly4Kix and El Capitan like this.
  4. Dani-Lu

    Dani-Lu Active Member

    581
    Apr 20, 2007
    Delray Beach, Fl. / Long Island - GSB
    2001 410DA
    3126 Cats
    There is no better way to observe Social Distancing! One of the few fun family outdoor activities where you have 100% control over who comes near you!
     
    Last edited: Jul 4, 2020
    Jeff42899 and Chris-380 like this.
  5. blaster

    blaster Well-Known Member SILVER Sponsor

    May 23, 2011
    potomac river
    2010 sea ray 205 sport
    F-250 CCLB 6.2 4x4 3.73 rear.
    Mercruiser 4.3 mpi alpha 1.62
    Weed through the impulse new boat Corona purchases in 1-2 years and I predict you would do great.
     
    Spark600, dtfeld and RutgersAl like this.
  6. Shaps

    Shaps Active Member GOLD Sponsor

    243
    Nov 4, 2019
    Long Island,NY
    2010 Sundancer 500
    Twin Cummins QSC550 DTS w Zeus
    I think it makes complete sense.

    People didn't take that spring vacation, nor that summer vacation nor did they send their kids to camp.

    Buy a boat, use it all summer, dump it at the end of the summer and if purchase price - sales price is less than or equal to the sum of the missed vacations and camp, they are ahead of the game.

    I don't think you will need to wait a year or two to see the glut of boats for sale. At least in the colder climates, they will be for sale before they have to be winterized.
     
    Spark600, JVM225, Tripsdad and 2 others like this.
  7. JimT

    JimT Well-Known Member GOLD Sponsor

    Jul 7, 2009
    Charlotte, NC- LKN
    2010 330 Sundancer
    T-350mags w/BIIIs & Axius, 5.0 kw Kohler
  8. Leardriver

    Leardriver Active Member

    290
    May 24, 2016
    Denver, CO
    2004 270 Sundeck 8.1 Bravo III
    5.0, 5.7, 6.2 8.1 Bravo III over the years
    Just about every boat salesman that I have ever talked to says that boats are selling like crazy, even when it's completely not true. That's their way of generating buzz and staying relevant.
     
    Last edited: Jul 5, 2020
    skolbe likes this.
  9. Golfman25

    Golfman25 Well-Known Member

    Sep 12, 2009
    IL
    281
    V8
    Ordinarily I would agree. But when every boat you call on has multiple people to look at it and is being sold quickly to the first or second looker, something is going on.
     
    Tripsdad likes this.
  10. Golfman25

    Golfman25 Well-Known Member

    Sep 12, 2009
    IL
    281
    V8
    I get that. But they obviously haven't considered the carrying costs. My little 40 year old boat cost $4000/year just to keep it (slip, storage, winterization). And those costs are automatic whether I use it or not. Add fuel and repairs, that's much more than a vacation or two.
     
  11. El Capitan

    El Capitan Well-Known Member

    Jul 9, 2014
    Chicago IL./Vero Beach, Fl
    1970 SRV 180 w 2.5L Mercruiser.
    2000 Ford Expedition Eddie Bauer
    120HP Mercruiser
    I’ve been looking. Almost got desperate that I’d be boatless this season and considered buying a project and having a restoration done. Nope. All those shops are busy till winter too.

    So now I’m resigned to be land locked and perhaps place an order this fall for spring delivery.

    unless as some here say there’s an onslaught of good slightly used boats for sale this offseason
     
  12. dwna1a

    dwna1a Well-Known Member GOLD Sponsor

    Apr 23, 2012
    James River
    88 Weekender 300 "Seahorse"
    Twins 350
    Mine has been out of the water for a week. She is sitting with other boats of her size that are for sale. I've had folks walking up and asking "how much are they asking for this boat" I have to admit, I'm tempted to put a price on her and see.
     
  13. Shaps

    Shaps Active Member GOLD Sponsor

    243
    Nov 4, 2019
    Long Island,NY
    2010 Sundancer 500
    Twin Cummins QSC550 DTS w Zeus
    Let's put some numbers to that.

    Family vacation 15-25k (X2)
    2kids in camp 12-20k (+ incidentals)

    40k minimum

    And my prediction is they dump the boat before they have to winterize, etc.

    I think that covers a lot of fuel and more than a couple of repairs.
     
  14. Craig

    Craig Well-Known Member

    806
    Feb 8, 2007
    Maryland
    2006 320 Sundancer
    twin 350 Horizon V drives
    Boats aren't investments. Anybody that says they made out financially owning a boat is full of sh## :) It's a hobby this is an expense. Some folks are true boaters and recognize that. Some not. There will always be a buyer for for a well maintained reasonably price boat. Bubbles aren't for real boaters. Boat on.
     
    RutgersAl and Fly4Kix like this.
  15. El Capitan

    El Capitan Well-Known Member

    Jul 9, 2014
    Chicago IL./Vero Beach, Fl
    1970 SRV 180 w 2.5L Mercruiser.
    2000 Ford Expedition Eddie Bauer
    120HP Mercruiser
    Geez. What family vacation costs $15-$25k?

    Ive taken my family from Chicago to Florida Keys for a week including boat rental for less than $6000.

    Regardless I’m very curious to see what the boat inventory in the Fall will be. Could be a buyers market?

    Im hear all this goes for RV’s and campers too. Makes sense if you like the woods. No mask wearing there either.
     
    boatman37 likes this.
  16. blaster

    blaster Well-Known Member SILVER Sponsor

    May 23, 2011
    potomac river
    2010 sea ray 205 sport
    F-250 CCLB 6.2 4x4 3.73 rear.
    Mercruiser 4.3 mpi alpha 1.62
    I bet RV trailers and motor homes will not be offered for sale as quick as a day boat.

    RV benefits:

    (1) You sleep and live in your own germs/dust/stains.

    (2) You always can bring along the items you need.

    (3) flexibility and freedom of destinations.

    (4) You can still bring a small boat to go see more sights or fish. If you have a motor home, you can tow a larger boat instead of a car dolly, and replace the car with scooters or small motorcycles.

    (5) RV’s don’t require the same level of maintenance, nor do they sink on the land.

    (6) You can shelter in different places while sheltering in place.

    I don’t see these things changing anytime soon.

    RV popularity has been rising steadily for some time now. The negative connotation of “RV’s are for rednecks and retired people “ has disappeared from peoples minds. Now there are many younger families as well as people in general who have purchased an RV and will likely continue to do so.

    A boat on the other hand is mostly considered a luxury. Many people who buy them trash them then move on. Boat maintenance is basically complex RV systems along with mechanical and electrical systems that are subjected to harsh conditions comparatively. The maintenance interval is more frequent, the access is more tight and time consuming to gain, and the parts are more expensive.

    I don’t see a glut of late model boats In fall but I do expect to see some very good deals compared to the current sales environment.

    This all will depend on when the corona pandemic winds down. As we build “herd immunity “ we “flatten the curve” which will extend the duration of the corona crisis for 1-2 years. I see a correlation between the impulse buying to ride out the crisis and a subsequent dumping of hard run boats long overdue for maintenance. Maybe some never maintained since leaving the dealership.
     
    GoodVibes and Kwik like this.
  17. Golfman25

    Golfman25 Well-Known Member

    Sep 12, 2009
    IL
    281
    V8
    Not sure where you vacation or send your kids to camp, but those number are way out of the norm for average people.
     
    boatman37, firecadet613 and CaptRonn like this.
  18. K-DUB

    K-DUB Active Member

    156
    May 10, 2012
    Grosse ile,Michigan
    1998 40 Sundancer
    "K-DUB"
    380 Horizons
    I’ve had a lot of friends sell/upgrade this year. Their boats are selling before they even put a sign on them. It’s been crazy.
     
  19. Carpediem44DB

    Carpediem44DB Well-Known Member PLATINUM Sponsor

    Aug 18, 2015
    Sanfransico Bay area
    2006 44 DB Sedan Bridge Raymarine gs165 w Quantum HD Radar
    Achilles 350 Dink
    Nick Jackson Davit
    Cummins QSC 8.3 500 HD
    I’m really thinking of throwing the switch and selling Carpe Diem and take advantage of this bubble, then wait for the right deal on a 55 pilot house boat. The larger boats don’t seem to be affected at all, 45 and under though are going fast.
    It tough though, I just finished getting her where I want her and we are a few years from being able to unplug and go coastal living. I hate these first world problems!!!!
    CD
     
    Shaps likes this.
  20. boatman37

    boatman37 Well-Known Member

    Jun 6, 2015
    pittsburgh
    2006 Crownline 250CR. 5.7 Merc BIII
    Previous: 1986 Sea Ray 250 Sundancer. 260 Merc Alpha 1 Gen 1
    5.7 Merc BIII
    Geez. 2 $20k vacations a year? Most people around here don't even make $40k/year. Granted those people don't have big boats but typical vacation for me and my wife might be $3000 max. Our last vacation was about $3000 and we wouldn't be doing 2 a year. Heck the last major vacation we did was a cruise in 2012...lol.
     

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