Yacht World has released its final Soldboats Report for 2015. According to the report, the market closed out the year with a very slight decline from December 2014. December sales volume was down 23 boats. For the year as a whole, a total of 30,077 boats were sold, a drop of only 192 boats from 2014 when 30,269 boats changed hands. Statistically speaking, that makes the total volume for 2015 almost the same as 2014.
The report went on to say that the boats sold in December were collectively priced at $256.8 million, 4 percent lower than in the previous December. But excluding boats in the volatile range of 80 feet and larger, sales value was down less than $1 million.
The “big boat” market dipped closing out the year. Sales of boats 56 to 79 feet were down by 2 boats, with 59 sold, and the total price paid decreased from $53.2 to $44.6 million. Superyacht sales – boats 80 feet and larger – were also down. Boats in this category saw a bigger drop down to 11 boats, from 16 for the last month of 2014, with total sales declining from $77 to $62.9 million.
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On the plus side, sales volume increased incrementally among boats in all categories from 26 to 55 feet, with boat sales in the 46- to 55-foot range very strong, bringing in $40.8 million, up $7.6 million from December 2014. Remarkably, this increase happened even though sales volume increased by only 2 boats, from 126 to 128 boats. Volume increased most, 3 percent, among boats 26 to 35 feet, with 602 boats sold, and total value up in the category from $36.2 to $38.3 million. If not for weak sales among boats under 26 feet, down from 403 to 360 boats, December sales volume would have surpassed December 2014.
While the total volume of boats sold was somewhat less than 2014, the overall dollar amount paid for them was up. The 30,077 boats sold in total for the year pulled in a collective price of $3.70 billion, up 2 percent from 2014, when the 30,268 boats sold brought in $3.62 billion. The average price increased 3 percent from $119,627 to $123,066.
What To Take away From the Report
Despite a very small drop in volume and total dollars from 2014, overall sales for 2015 should still be considered positive, and still are reflective of a market that is on the rebound since the recession of 2008.
As the economy continues to slowly rebound, the fact that the year closed strong in the mid-size boat categories is indicative we believe of more “first time boat buyers” entering the market.
The appeal of this size range driving sales here in the U.S. was evident with the excitement drawn by the new Dyna 60, showcased by 26 North Yachts at the recent Ft. Lauderdale International Boat Show.
Deciding on the new or pre-owned luxury yacht that is right for you, can be quite complex. If you would like to benefit from our expertise in these areas, or if you have any questions or comments about this blog post, do not hesitate to contact our Sales Specialists, or call us at 954-900-9988.