“Sold Boats” Update 2016
Yacht World has released it’s first Soldboats Report for 2016. According to the report, 2016 opened much the same way as 2015 ended, with overall sales slightly down. At the close of the month of January, according to broker members reporting to SoldBoats, a total of 1,516 boats were sold for $201.2 million.
Those numbers represent small declines from December of 2015, of 4 percent and 9 percent, respectively. Despite positive numbers in other segments of the market, the combination of fewer sales of the smallest boats on the market combined with a $30 million drop in the total price paid for boats 80 feet and larger was too much to overcome for the total numbers to be on the plus side.
The report went on to say that, “power and sailboat sales trended in opposite directions in January, with power declining by 6 percent, with 1,175 boats sold, and sail gaining 6 percent, with 341 boats sold. Both types of boats sold for lower values, however.
One positive note, like much of 2015, “bigger boat,” sales continued to increase in volume. According to the report, all segments from 46 feet and up showed growth. The strongest was from 56 to 79 feet, in which sales rose from 37 boats to 58 and total value increased from $36.4 to $49.0 million. Sales grew incrementally in the 46- to 55-foot range, from 115 to 121 boats sold, and value increased $4 million to $38.1 million. Sales of boats 80 feet and over increased from 10 to 11, but as mentioned, the boats sold were much less pricey, selling for $20.4 million, down from $50.7 million a year earlier.
Exquisite Lazzara 80, Kaleidoscope for sale or charter
What To Take away From the Report
The slight dip in sales volume in January should in no way give the impression that the year is starting off badly for the yacht brokerage industry. Readers are reminded that along with December and February, the month of January has traditionally been one of the weakest sales months in the U.S. brokerage market.
Years ago, January used to be a somewhat stronger sales month than December, but in more recent years it has started to trend lower. Things almost always pick up in February as the “boat show” season starts. With only one exception in the last five years, February has always shown an increase in sales compared to January.
The continued appeal, and increase in sales number of motor yachts in the 70-140 foot range, was evident with the excitement drawn by the new Dyna 60, showcased by 26 North Yachts at the recent Yachts Miami 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.