Complete Story
 

07/19/2017

Modest Decline Continues in Brokerage Market

by John Burnham, YachtWorld Managing Editor

YachtWorld logo

Sales volume declined for U.S. yacht brokerages from 3,522 boats sold in June 2016 to 3,262 boats sold in June, 2017, according to YachtWorld member brokers reporting in SoldBoats. This is the fourth consecutive month that YachtWorld has reported lower sales figures. 

However, revised reporting on April and May sales reduced the declines in those months, and May sales numbers actually ended up even with the previous May. Sales volume for the quarter was off by 3 percent, with 9,434 boats sold. 

The value of boats sold in June was $395 million, down by 1 percent from $399 million a year earlier. The average sold price for each vessel rose 7 percent, to $121,000. 

Most of the sales decline in June was on the power side of the market, with 2,696 boats sold, down 9 percent from 2,950 in June, 2016. The sailboat market was off by 6 boats with 566 boats sold, a 1 percent drop. 

Slumping sales of boats under 35 feet were mainly responsible for the monthly volume drop. A total of 1,006 boats under 26 feet were sold and 1,256 in the 26- to 35-foot range, each a 9 percent decline compared to the previous June.

Big-boat sales were down, too, especially boats 46 to 55 feet, which declined from 189 to 168 boats sold. 

The best-performing segment was 36 to 45 feet, in which sales were off only 1 percent with 738 boats sold. 

As of mid-year, overall U.S. sales were 1 percent behind 2016, with 15,147 boats sold. The total value of sales was $2.17 billion, up 10 percent from 2016. Average prices were up 11 percent, and the average number of days required to sell a boat declined by 3 percent, over a week, to 256 days. 

—John Burnham

 

Note: A version of this article first appeared in Soundings Trade Only Today.

 

Printer-Friendly Version




Upcoming Events

 July 2018 
SMTWTFS
1234567
891011121314
151617
  • 10 CPYB Recertification Credits

    Downtown Marriott - Providence

    July 17, 2018
    8:15AM-4:00PM

1819
  • 10 CPYB Recertification Credits

    Doubletree Annapolis

    July 19, 2018
    8:15AM-4:00PM

2021
22232425262728
293031    
July 19, 2018
8:15AM-4:00PM

YBAA U Annapolis

10 CPYB Recertification Credits

Doubletree Annapolis

August 2, 2018
12:00-1:00PM

YBAA/CPYB e-Seminar

Pre Boat Show Sales Seminar

3 CPYB Recertification Credits

August 15, 2018
12:00-1:00PM

YBAA Principals e-Seminar

Mark Your Calendars

3 CPYB Recertification Credits

View all