Boat Market ATTN Brokers

Grosen

Member
Jun 25, 2017
197
Long Island NY
Boat Info
04 sea ray weekender
Engines
5.0 alpha
Just looking to see what brokers are expecting the market to do come this fall and also next spring??
I keep hearing from some people the market is going to crash and others say no way
 
I am a broker, with fuel price the way they are, big boat sales are slowing and prices seem to be heading back to where they were. I still see sellers asking twice the value of their boat, most buyers are now laughing at them and looking at boats that are at better price points.
 
A clean well maintained Searay will always have a buyer at a fair price:) In my area valve seems to be off the ridiculous level but not crashed.
 
I don’t think a “crash” is going to happen. Supply of new and good used boats is still going to be tight. But boats at “are you stupid” prices are probably going to sit for a while. Sellers need to get realistic.
 
I don’t think a “crash” is going to happen. Supply of new and good used boats is still going to be tight. But boats at “are you stupid” prices are probably going to sit for a while. Sellers need to get realistic.
I agree. I think we will see a soft rebound of some of the crazy prices, and we will eventually get back to 2019 demand, but at inflated (but not crazy) prices.
 
One problem is lack of new boats to fill the supply line down. There are not many new express cruisers being made. A Sundancer 340, is the last of that class. The new 370 has outboards, and is narrower, lighter, more of a cross over than a cruiser. It looks like overnight boating is dying. I saw this with light aircraft, when Piper and Cessna stopped production.
 
One problem is lack of new boats to fill the supply line down. There are not many new express cruisers being made. A Sundancer 340, is the last of that class. The new 370 has outboards, and is narrower, lighter, more of a cross over than a cruiser. It looks like overnight boating is dying. I saw this with light aircraft, when Piper and Cessna stopped production.
I really like the new sundancer with those outboards. Especially with fuel prices the way they are.
 
Before we settled on the 506, mainly because it was sitting in my slip, we were really looking for a 530 Voyager. This late 2020 / early 2021, every time a decent one came on market, it was gone with in days. Now that we are not in the market, there are five on the market on the west coast with two in my back yard! We almost jumped on a 2001 voyager that was what we had been looking for but after doing the math on changing boats after owning this one for just over a year, we decided to pass and stick to the five year plan that we agreed to. I think the boat prices will soften a bit and we will see more used inventory but with the cost of money on the rise these boats will take longer to find new homes.
CD
 
I'm in the market to part with my Sea Ray and I have no idea what to list it for with the Crazy price points. Only thing I could think of when NADA currently gave me 2x the value when I bought it was to list it 1k more than NADA when I bought it. I'm hoping things level out and don't crash.
 
I’m about to go to contract on my boat but see there’s not much out there right now and just getting nervous about being stuck without a boat !!! Debating if I should keep looking or wait for fall / spring to buy something else.
 
I have always used the philosophy when selling anything, no matter the market... What is the mission? Being no longer the owner of this boat, RV, airplane ect or maximizing the perceived profit? I always priced to sell that was fair and reasonable to me and the buyer. Have I left a little change on the table over the years? Probably. I almost never lost sleep over it though and was always happy to move on with whatever plans I had that lead to the decision to sell in the first place.
Good luck to you
CD
 
I have an 06 44 sundancer beside me. He dropped the price from $380k to $360k….. still beside me
 
I've been looking for a new (used) boat for some time now -- just not willing to pay a crazy price for it. Over the past month I am starting to see boats I have been looking at (Cobalt R5's, 240 Sundeck) and some of the boats that are not moving at hight prices are being reduced. Case in point, 2016 Cobalt R5 last week reduced from $139k > $129k - still stupid high, but lower. The boat's I am watching aren't "flying off the lot" like they were 6mos ago.
 
I have an 06 44 sundancer beside me. He dropped the price from $380k to $360k….. still beside me
I think I have lookked at that boat on boat trader. Nice!
 
Just bought another cc - the asking price was fair and not crazy high....my inital offer was 25% less than asking.....we settled at 20% under asking. The broker confirmed things have slowed down but not fallen of a cliff - yet
 
We are still going strong, the market is currently in what I call the mid summer lull. Happens every season.

Most true boaters are out using their boats, taking their planned trips with their current boats and looking to make a change whether it’s to buy or sell after the holiday weekend as not to be without a boat for their family to use in the prime time.

At least that’s how the majority in my client pool has been acting - Great Lakes and FL. Us Great Lakes boaters have a short time to enjoy what we love to do.

I feel as if the smaller boat market will likely be increasing as time goes on since a lot of those could have been impulse buys. The larger stuff that we have sold have been seasoned boaters making upgrades or moving in different directions. At least for myself, out of 100+ boats in the last 3 years, I believe only 4 or 5 were first time boaters.

We had initally thought that the price of fuel would scare a lot of people away, but you wouldn’t know it by looking at the lake on a Saturday afternoon!
 

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