2017 looms

Jim Nolan Jim Nolan
Industry Database

Here we are, barely halfway through 2016 and 2017 looms. 

Boat builder-dealer meetings to introduce 2017 models have started. Headlines like “Sailboat builder Elan Marine is launching the new Elan GT5 this fall” and “Southport Boats to debut new 33 footer at the Newport and Ft. Lauderdale show” are beginning to appear.  

There is a greater emphasis on the future rather than the present and that might be a good thing.Thus far, 2016 is giving mixed results. 

Talking to the finance sector indicates powerboat sales got back on track in May following a bit of a pause in April. Recreational powerboat dealers are suggesting there’s a lack of good quality late model boats available, and that may be driving up new boat sales - meaning less pre-owned boats to select from and then they are priced at smaller (than usual) discounts compared to new boats. 

The lack is confirmed by the YachtWorld SoldBoats database report for May, which says: “The number sold in the segment of boats under 26 feet was down 20% from the previous May, sliding from 1,174 to 944. Sales in the 26 to 35foot category were also lower — down 101 boats or 7%, with 1,327 changing hands”.

On the positive side, the SoldBoats report shows strong sales for the 46 to 55 feet range. In that segment of the market, volume increased from 173 to 210 boats, a 21%  lift.  Sales were also higher among boats 36 to 45 feet, up 25 units or 3%, with 745 boats sold.

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