“Sold Boats” Update and Current Market Trends
Yacht World has released its latest Soldboats Report. According to the report, after four solid months of growth, up through and including September, October showed a slight decrease in volume over the same time last year. Volume dropped by 97 boats, or 4 percent, with 2,219 boats sold. However, despite a small dip from October of 2014, the 2,219 total is still slightly above the five-year average for the month of October.
The total sales value of $264.7 million was down 17 percent from the previous October’s $319.6 million. The main difference was that sales of boats larger than 46 feet declined from 260 to 228 and the total price paid for boats in this range dropped $60 million, or 33 percent.
Boats such as this 78 Ft. Hatteras FOR SALE, are driving increased sales volume in 2015
What To Take away From the Report
Despite a drop in the numbers for October, overall sales for 2015 are still positive. Yachtworld has also just released its Q3 Market 2015 Market Index. The Index indicates, “Small but steady gains were the norm in the yacht brokerage market in the U.S. and Europe during the third quarter of 2015. Brokerage members of YachtWorld reported that “as a group they were selling more boats, at a higher total value, than in the third quarter of 2014.”
In the U.S., Quarters 1-3 2014 saw 24,549 boats sold for a total of $ 2.78 billion, in 2015 for the same quarters it has been somewhat less in total sales, at 24,365 boats, but more in gross receipts at $2.91 billion. While in Europe higher total value was driven by the sale of Megayachts, here in the U.S. it was by sales of boats 36 to 79 feet range pushing total value higher.
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.