Why the Best Boat Prices Will Soon Disappear
Soundings Trade Only published an article in June titled Signs of Improvement in Brokerage Sales. The article was written by John Burnham of Yacht World. John noted in that post that unit sales of boats were only down by 7 percent compared to May 2008. That represented a substantial jump in sales compared to the previous month.
John also noted that the valuations of the boats were off by 40 percent. That simply means that boat sales are picking up steam but prices are extremely low. How long will these deeply discounted prices last?
In April I wrote a post entitled Why Now is the Right Time to Buy a Boat. In that article I predicted what would happen. That prediction is coming true as the summer progresses. Bargain hunters are taking advantage of the discounted boat prices. There is virtually no new supply coming into the marketplace from the builders or financially distressed boat owners.
Get Your Dream Boat Now
If you have been straddling the fence on buying your dream boat, it is time to make a decision. You will miss the deeply discounted prices if you don’t make a move within the next few weeks. Demand is clearly on a rapid rise and the supply is not keeping pace. Don’t find yourself sitting at the yacht club bar a year from now crying that you should’ve bought that boat!
Have a great summer!