Hopefully Price Bubble is coming

El Capitan said:
I am lurking out there boat shopping. Every time I see a boat I might be interested in I notice how long it’s been listed.

Listings are aging more and more and I’ve seen “price reduced” ads.

All the newbie COVID boaters will be bailing this winter and when people in the 17 states realize COVID benefits to the lazy are ended lots of stuff will be for sale at bargain.

I’ll swoop in then. :D
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I agree!!!
 
Commodity prices are going up. Last year canola was $7 a bushel. July delivery price is now $20. As long as people will pay prices will go up. It is like the never ending last call at a bar.
 
northern said:
Commodity prices are going up. Last year canola was $7 a bushel. July delivery price is now $20. As long as people will pay prices will go up. It is like the never ending last call at a bar.
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Correct. I believe this will begin to squeeze people, and some of those people will sell their entertainment.
 
What many of these conversations never take into account is that during the big market downturn 10 years ago most manufacturers virtually stopped making any significant quantities of boats. They then took many years to ramp back up. That is thousands of boats missing from the marketplace, because they were never built. 10 and 12-year-old boats are extremely hard to find and are forcing people to go back, some, into the late 90s.

I think the whole “novice Covid boat buyer” as a major market force, is a myth on a large scale. As I talk to both brokers most agree that there was significant move up pressure that was caused by Covid.
 
MonacoMike said:
What many of these conversations never take into account is that during the big market downturn 10 years ago most manufacturers virtually stopped making any significant quantities of boats. They then took many years to ramp back up. That is thousands of boats missing from the marketplace, because they were never built. 10 and 12-year-old boats are extremely hard to find and are forcing people to go back, some, into the late 90s.

I think the whole “novice Covid boat buyer” as a major market force, is a myth on a large scale. As I talk to both brokers most agree that there was significant move up pressure that was caused by Covid.
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And because the late 90’s are all sucked out of the market, some are forced back to the early 90’s or pay $200k for a bowrider.
 
Federal Reserve already making noises on steps to “curb” inflation. Not now, but soon.

When they do you’re gonna hear a great big sucking sound.
 
MonacoMike said:
What many of these conversations never take into account is that during the big market downturn 10 years ago most manufacturers virtually stopped making any significant quantities of boats. They then took many years to ramp back up. That is thousands of boats missing from the marketplace, because they were never built. 10 and 12-year-old boats are extremely hard to find and are forcing people to go back, some, into the late 90s.

I think the whole “novice Covid boat buyer” as a major market force, is a myth on a large scale. As I talk to both brokers most agree that there was significant move up pressure that was caused by Covid.
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Prices where solid before covid. Today prices are stupid. You could, for example get a decent 2000 340 sundancer for $60k p/m $5k. Today guys are listing as high as $119,000. Older 330s are showing $70,000.
 
A boat dealer in Southern New Jersey has 48 unsold 2021 new boats on the lot. The 2022 boats will be coming out any day now. The market is definitely beginning to soften.
 
Chip S said:
A boat dealer in Southern New Jersey has 48 unsold 2021 new boats on the lot. The 2022 boats will be coming out any day now. The market is definitely beginning to soften.
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I agree with you too! I’m seeing the same thing. I have been patiently watching, and I’m beginning to see price reductions. I feel those reductions will continue. My goal is a 2008 or slightly newer 55 or 58. “IF” I can’t find our next boat, then we will continue to greatly enjoy our 380. The wife and I have agreed not to sell the 380 until we have purchased the 55 or 58. We also understand that we will not be able to sell our 380 at an inflated price, expecting to buy the next boat at an reasonable price.
 
Haden said:
I agree with you too! I’m seeing the same thing. I have been patiently watching, and I’m beginning to see price reductions. I feel those reductions will continue. My goal is a 2008 or slightly newer 55 or 58. “IF” I can’t find our next boat, then we will continue to greatly enjoy our 380. The wife and I have agreed not to sell the 380 until we have purchased the 55 or 58. We also understand that we will not be able to sell our 380 at an inflated price, expecting to buy the next boat at an reasonable price.
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So is a price reduction on a clearly over priced boat really a reduction? :)
 
Instant Insanity said:
I just saw a local 2002 410 Sundancer listed for 299k! Beautiful boat and he did a great job updating cockpit etc. But I have a feeling that isn't going anywhere at that price.

I'm in the market for a 2005-2009 38-40 Sundancer and I'm not paying anywhere near that price.
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saw that too.. I paid $130K last year with possibly better upgrades ,,, so I am thinking first $349K its theirs.. LMAO
 
Chip S said:
A boat dealer in Southern New Jersey has 48 unsold 2021 new boats on the lot. The 2022 boats will be coming out any day now. The market is definitely beginning to soften.
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wow... what kind of boats.. here in FL dealerships are still empty
Yamaha has no OEM motors, Mercury is struggling to keep up.. I think 2021 is finishing strong in the SE usa.. the tow/ski market is onfire still as is pontoons
 
Chip S said:
A boat dealer in Southern New Jersey has 48 unsold 2021 new boats on the lot. The 2022 boats will be coming out any day now. The market is definitely beginning to soften.
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What dealership?
 
nealtrombley said:
wow... what kind of boats.. here in FL dealerships are still empty
Yamaha has no OEM motors, Mercury is struggling to keep up.. I think 2021 is finishing strong in the SE usa.. the tow/ski market is onfire still as is pontoons
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I’m thinking that many will go with tow/ski or pontoons, and that group of buyers will keep them away from larger Sea Ray boats. I seen this personally with a family member. Their teen kids are more interested in the ski boats, so they purchased a ski boat and a nice pontoon Haha.
 
nealtrombley said:
wow... what kind of boats.. here in FL dealerships are still empty
Yamaha has no OEM motors, Mercury is struggling to keep up.. I think 2021 is finishing strong in the SE usa.. the tow/ski market is onfire still as is pontoons
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Sportsman, Pursuit, Crownline, and Everglades
 
That’s a lot of inventory. Dealerships around here are either empty or they have boats waiting for motors. These guys must have one heck of a markup to be sitting on this much inventory.
 
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