Moomba 2022 price increases

[Rdsboat]

Is anyone seeing price increases being passed along from moomba on boats already on contract

[larry_arizona]

Doesn’t look like moomba MSRP changed since they released 2022 pricing.

When did you order your boat?


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[Rdsboat]

September 2021

[larry_arizona]

September 2021

Did they quote you 2021 pricing? They should have known 2022 pricing by September.


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[larry_arizona]

I do recall a foreign materials surcharge of $450 on my 2021.


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[Rdsboat]

Did they quote you 2021 pricing? They should have known 2022 pricing by September.


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It looks like there is a mid-year pricing increase coming from Moomba

[larry_arizona]

How much of an increase?


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[SONIC]

I believe it's a 6.5% increase. Lots of manufacturers are doing it which sucks.

[larry_arizona]

I am sure Supra did the same.


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[ToryBlaker]

It looks like there is a mid-year pricing increase coming from Moomba

Most definitely, looks like it.

[Precious Roy]

I just got info that they put a 6% surcharge recently on all boats on order on top of the order price...

[larry_arizona]

Matches inflation


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[Rilez]

I can't speak to it myself as I didn't order a new boat, but the forums I follow & the facebook groups I'm apart of, there are several people who I've seen complaints from that the prices increased by the 6 1/2% give or take because of foreign materials costing more...It's pretty shady though once a boat has already been purchased to up the price once in the building phase. When you agree to a price, that should be the price you pay. If materials go down, they're never going to reflect that in the final price.

[larry_arizona]

I have mixed feelings on it.

As a consumer, price hikes suck, especially surprise price hikes of $5000 to $12000 on a done deal.

But small boat builders like Skiers can’t control supplier costs in this shitstorm supply chain nightmare.

Would you prefer SC to struggle and potentially go out of business?

It’s not like Skiers is a huge company like Ford or GM that can weather a bad economy or rapid inflation like we have seen in a few short months time, inflation is brutal right now.

Bigger companies can leverage foreign suppliers to some degree, but currently the U.S. consumer is losing badly right now and the foreseeable future.

Shipping used to be $3000 per container from China, it’s well over $18000 per container now. That cost goes directly to the bottom line.

All adds up to price increases for end user.


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[larry_arizona]

I assume all the wakeboat makers are doing the same.


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[sandm]

hate to say it but I'm with rilez on this. IF the boat builders are going to go out and presell a bunch of units, then they take the risk of rising inflation and should honor the price given. as mentioned, NO WAY that if 'glas drops in price from a sudden ramp up in texas, they are dropping prices on signed contracts so should not be the other way around.

inflation is rampant and out of control in some areas and skiers should be right to pass on costs to UNSOLD boat slots but once sold, done deal....
lumber went sky high late summer and we saw lots of price hikes in the 25-40k range here in vegas and most housing sales on new deals are 8 to 11 months to delivery but no increase in already sold contracts as it should be.

speaking all based on what we read on the internet and could be that skiers is honoring contract pricing and its dealers jacking up or people that were wishywashy and then when time came to pony up the cash pricing went up but IF it is a case of signed contract and later tacking on 6+% directed by skiers choice, that is a short sighted move imo.

[SONIC]

Agreed 100%
It's borderline criminal if you ask me.

It's direct from SC not the dealers, their staff has confirmed it on the book. Several other manufacturers too.

My company has a similar setup where we take orders and there's a long lead time. We've seen the same (or worse) inflation (wood industry) that they have and we have not tacked on charges to our existing orders because it's bad business and immoral IMO. We increase prices as needed but would never increase the price on an existing contracted order.

I have no issue with mid year price hikes, go for it as many as you like, but not on contracted sales with an already agreed price.
Same shit they pulled earlier this year when delays pushed some peoples builds into "2022" model year and they made the customer pay for the increase even though the customer ordered a 2021 boat and they were just too slow to build it (supply chain corona yada yada).

[russellsmojo]

Prices sure did not come down when the company was collecting big govt bailout money ($3.1m) for covid all while record new sales.


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[2in2out]

My spray date is somewhere in January for a 2022 build. Haven’t gotten a firm date yet. Contract has been signed since mid-October, and non-refundable deposit of 10% is already in dealers hand.

6 1/2% is about 2/3 of the dealer discount I got. Not looking forward to that price increase, but we are in a position to be able to absorb it.

I’m with the majority of the group and think that a price increase on in contract builds is bad business, espescially when they still have Supra build slots. My dealer was out of 2022 Moomba build slots in September, so this will affect a lot of folks and their Moomba builds.

If skiers came to me and said, “materials, inflation, yadda yadda, we need to increase 1-2% above the base build price to cover our margins” I could understand that. But to slap a 6.5 increase on top of the inflated price point would make me want to walk if I wasn’t going to lose 20k doing so.

Disappointing, and I’d be curious to see how the other companies are handling this with in-contract builds.


Making my new SA build come true!!!

[MJHSupra]

About a week ago I read about the mid year increase for both lines. It was posted on Facebook by a customer.

Sucks for those that put a fall order in for a delivery after Feb 1st trying to save money by not holding a boat during the winter.

Funny to read all the key-board warriors telling the person posting the comment to “lawyer up”.


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[larry_arizona]

So what is the total % increase from 2021 to 2022.

Supra looks like 7.5% + 6.5%= 14%
Moomba 20% + 6.5%??


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[larry_arizona]

MaliBU has an 8% mid year price increase.

Only thing I could find on mastercraft was they have a mid year price increase that is greater than the model year price increase from 21 to 22.


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[SONIC]

MaliBU has an 8% mid year price increase.

Only thing I could find on mastercraft was they have a mid year price increase that is greater than the model year price increase from 21 to 22.


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I read someone with a centurion order got hit with 9.5%

[sandm]

living in vegas the gaming commission would have shut down the boat builders as this is a win-win for them and no positive outcome for the buyers.

if I was in 2in's position, I'd rather spend a grand with a lawyer to get out of a contract than pay an inflated price on a contract already written. it would feel better to me to pick up a 1 yr old used off onlyinboards helping a family out of a boat they don't want than supporting the industry currently but something tells me the buyers will bitch/gripe/complain but still write the check and boat builders will still cash.

karma isn't nice sometimes and this short sighted thinking will come back around. as russell pointed out, maybe some of the grip of covid cash they all had their hands out for last year should be used to offset this.

[larry_arizona]

Price increases are boat industry wide.


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[sandm]

Price increases are boat industry wide.


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I think most know that. issue at hand is adjusting prices on what seems to be after the "sale". if they are tire kickers or no money in the game, I get it. deposits and a firm price/order is a different story.
same thing you order online and pay. go to the store to pick up the next day and they say pricing has gone up 6% since they had to raise wages overnight and it cost more to pick your order this morning. I bet you would be pissed. same concept.
short sighted thinking and interesting after back to back record years AND taking a ton of covid cash.

[2in2out]

living in vegas the gaming commission would have shut down the boat builders as this is a win-win for them and no positive outcome for the buyers.

if I was in 2in's position, I'd rather spend a grand with a lawyer to get out of a contract than pay an inflated price on a contract already written. it would feel better to me to pick up a 1 yr old used off onlyinboards helping a family out of a boat they don't want than supporting the industry currently but something tells me the buyers will bitch/gripe/complain but still write the check and boat builders will still cash.

karma isn't nice sometimes and this short sighted thinking will come back around. as russell pointed out, maybe some of the grip of covid cash they all had their hands out for last year should be used to offset this.

We tried buying used off of OI. Found the boat that met our needs. Problem was financing. The values of the market exceed the risk the lenders were willing to carry, and they weren’t flexible with adjusting the terms when we optioned to pay down the margin.

Example: a boat we found was listed at $155k and heavily optioned with low hours. We were looking for a 10-12 yr term below 6% with both having 800+ credit and our debt-income ratio <40% for all expenditures.

Lenders kept saying the value wasn’t there, and the best term they could offer was 7 yrs @ 6.5%. Most wanted 20% down which kept dropping us into a different loan term bracket which had higher rates and payments.

At this point it made sense to just order the boat we actually wanted vs. accommodating a boat which only mostly suited us, because we could get longer term and better rate. Our intent was that this would be our last wake boat, because after 10 yrs we have intent to move abroad.

The price increase has just soured the impending joy, along with impending rate increases as we haven’t locked our loan yet, as we only have a contract and no actual collateral.

There are many factors influencing what’s going on, and each individuals scenario is different. I’m sure if I lawyered up I could probably get out of the contract at minimal loss, but the used market lending situation isn’t improving, inventory is low everything, and I only moved to our new location so I could wake surf 9 mo a year.

So, I’ll bitch about it, and suck up the price increase, and bury it in whatever residual is left on the boat in 10 yrs.


Making my new SA build come true!!!

[larry_arizona]

I think most know that. issue at hand is adjusting prices on what seems to be after the "sale". if they are tire kickers or no money in the game, I get it. deposits and a firm price/order is a different story.
same thing you order online and pay. go to the store to pick up the next day and they say pricing has gone up 6% since they had to raise wages overnight and it cost more to pick your order this morning. I bet you would be pissed. same concept.
short sighted thinking and interesting after back to back record years AND taking a ton of covid cash.

No argurment on the “I would be pissed” part.


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[HFarr]

Well...I guess the upside, for me and a few others that bought a 2021 at a good deal, is that if something should happen and cause me to have to sell my boat in the near future, I would most certainly get all my money(possibly more) back out of my boat.

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[MJHSupra]

The 2021 buyers are making good on this one with those big price swings in 21 vs 22.

SC commented on the FBook pot saying buyers are not “locked in” until 2 months prior to the spray date. This why prices were jacked-up now for Feb 1 builds.

I think dealers will be getting a lot of blow-back on this news.


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[2in2out]

SC commented on the FBook pot saying buyers are not “locked in” until 2 months prior to the spray date. This why prices were jacked-up now for Feb 1 builds.

I think dealers will be getting a lot of blow-back on this news.


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Well, this is good news!

So, SC is saying price increases in effect for spray dates post Feb. 1?

If true, that shouldn’t affect my build.


Making my new SA build come true!!!

[larry_arizona]

The 2021 buyers are making good on this one with those big price swings in 21 vs 22.

SC commented on the FBook pot saying buyers are not “locked in” until 2 months prior to the spray date. This why prices were jacked-up now for Feb 1 builds.

I think dealers will be getting a lot of blow-back on this news.


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I agree this has an insulating effect on used boat values.

MSRP’s up industry wide due to inflation, supply chain issues, labor issues etc and boats are still selling like crazy.

MSRP’s for 2022 are up 14%-26% for wakeboats specifically (model year increase plus latest mid year increase).

I would estimate my same build in a MY2022 would cost me $30k-$35k more with the only significant difference being the new flip seat.

At least 14% price increase and I estimate 5%-10% less dealer discount.

I have no illusions that there isnt a boat market crash coming, but even so, high MSRP will prop up used prices for quite sometime.

You will never see a drop in MSRP nor discounts greater than 30% for new as dealer margins are still in the mid 30’s%.


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[KnoxMojo]

Is it me, or does everyone seem rich now that covid has been going on for almost 2 years? They talk about inflation, yet people are lining up to buy these high dollar luxury items. We complain, but still shell out the money. Really happy I listened to my friend that is the sales manager a few years ago when he told me it would be my last chance to ever buy a new SA under 6 figures. A new Mojo would cost me almost $15k more than I paid. Being priced out of the new boat market in a few short years is painful. Good thing we have friends with the shiny new boats! And it helps I now have the new 1.7 drive ratio, lol.

[2in2out]

Is it me, or does everyone seem rich now that covid has been going on for almost 2 years?

Everyone just riding the tide of home equity my man.


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[KnoxMojo]

Everyone just riding the tide of home equity my man.


Making my new SA build come true!!!

I agree, we went the other way, refinanced everything to lower rates and still paying the same as we had, not taken on any new debt. Too many variables, this bubble is going to pop hard on folks that are ill prepared.

[2in2out]

And, on a more morbid note, covid deaths have caused a distribution of stored wealth and assets that are being passed on to families and beneficiaries.


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[sandm]

the house of cards is going to fall eventually and when it does, those buying today are going to be grabbing their ankles when they want out of the toy market or trading in that new car...

knox is spot on. people bitch but keep lining up to hand over their cash.

[larry_arizona]

Feels awfully similar to 2006


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[KnoxMojo]

knox is spot on. people bitch but keep lining up to hand over their cash.

Sometimes my head is more than just a hat older...hahaha... And being mid 40s with a 4 year old, I look at things differently now than my first 40 years..lol

[2in2out]

Sometimes my head is more than just a hat older...hahaha... And being mid 40s with a 4 year old, I look at things differently now than my first 40 years..lol

Being late 40’s, empty nesters, we have less concern then in the past, and a lot more latitude to live.


Making my new SA build come true!!!

[2in2out]

This is an interesting article about inflationary warnings and a perspective on outlooks.

https://apple.news/ANloSV_2FSkeUlhgXZmPNIA


Making my new SA build come true!!!

[zabooda]

The Feds expect to increase interest rates four times this year so expect to pay higher loan rates. Somehow they think that will slow inflation. It hasn't in the past.

[jcredible]

Bringing this back up to gather any feedback. I got the call from my dealer today up here in Canada asking for more cash.

I had a suspicion things would be headed this way back in October, so I pushed the sales rep hard on locking in a price, signing a bill of sale and giving the $15K downpayment to lock in a build spot.

It's only a 4% increase on my Supra SA...but the principal behind it really frustrates me. Any advice, I clearly still want the boat...but doesnt feel fair that the dealer's oversight on taking my money, offering a price on a signed bill of sale, and then coming back 4 months later feels fair as a consumer.

[SONIC]

Bringing this back up to gather any feedback. I got the call from my dealer today up here in Canada asking for more cash.

I had a suspicion things would be headed this way back in October, so I pushed the sales rep hard on locking in a price, signing a bill of sale and giving the $15K downpayment to lock in a build spot.

It's only a 4% increase on my Supra SA...but the principal behind it really frustrates me. Any advice, I clearly still want the boat...but doesnt feel fair that the dealer's oversight on taking my money, offering a price on a signed bill of sale, and then coming back 4 months later feels fair as a consumer.

My tactic would be along the lines of:
"This is certainly not going to be my last new boat purchase, (17 mondo, 19, mojo, 22 SA, I see a pattern) but if this is the way you treat your customers after coming to an agreement then this will most certainly be my last new boat purchase from you. You can either screw me out of 5k today or you can make 50 over the next few years when I upgrade, your call."

They have the margin to cover it, whether they will or not is unknown. There are probably other people who would pay for your build slot unfortunately the market sucks for buyers at the moment.

[larry_arizona]

My tactic would be along the lines of:
"This is certainly not going to be my last new boat purchase, (17 mondo, 19, mojo, 22 SA, I see a pattern) but if this is the way you treat your customers after coming to an agreement then this will most certainly be my last new boat purchase from you. You can either screw me out of 5k today or you can make 50 over the next few years when I upgrade, your call."

They have the margin to cover it, whether they will or not is unknown. There are probably other people who would pay for your build slot unfortunately the market sucks for buyers at the moment.

I agree with this approach. My best estimate is that dealers have 30-35% margin on a Supra, not exactly sure on a Moomba.


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[MJHSupra]

I agree with this approach. My best estimate is that dealers have 30-35% margin on a Supra, not exactly sure on a Moomba.


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I think in 2022 they adjusted Moomba number to have a bigger gap b/c Supra and Moomba were so different. Not sure of the exact numbers. But it was done to help the dealers.

[MJHSupra]

Bringing this back up to gather any feedback. I got the call from my dealer today up here in Canada asking for more cash.

I had a suspicion things would be headed this way back in October, so I pushed the sales rep hard on locking in a price, signing a bill of sale and giving the $15K downpayment to lock in a build spot.

It's only a 4% increase on my Supra SA...but the principal behind it really frustrates me. Any advice, I clearly still want the boat...but doesnt feel fair that the dealer's oversight on taking my money, offering a price on a signed bill of sale, and then coming back 4 months later feels fair as a consumer.

Agree with SONIC.

15k is a good some of money for a down payment.

Social media has a mixed bag. Some dealer are honoring the PO and eating the difference. Some are getting the Customer to pay the difference. Guess it depends on volume and build dates. Sort of a split year in 2022:
* AUG to End-JAN has one price this year
* FEB to JULY has the add'l increase.

Are you set on a 22?
Can you get a deposit back OR want to find a 21 out of state with warranty at a decent price? Decent price is hard to find. Plus the Dealer probably would not be too happy with Warranty work when they did not sell the boat.

[larry_arizona]

Doing rough math on what a dealer makes on SC product…..

If a dealer sells 10 Supras and 20 moombas.

10 Supras at appx $30k profit $300k
20 moombas at appx $20k profit $400k

$700k doesn’t seem to be that much.


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[jcredible]

Quick Update for anyone interested. Chatted with my dealer and agreed to split the surcharge.

I think Consumer Protection Act actually protects me from this in Canada if I really wanted to push it...but feel splitting it feels fair to both me and dealer with joint accountability.

[mgswake]

Sounds like you and the dealer are both being reasonable in this situation and trying to come to a common ground in everyone's interest. If both you and the dealer are ok with the final pricing and surcharge/split it sounds like the situation was a win for both. Enjoy your new boat. Hope it all continues to work out well for you.

[russellsmojo]

Doing rough math on what a dealer makes on SC product…..

If a dealer sells 10 Supras and 20 moombas.

10 Supras at appx $30k profit $300k
20 moombas at appx $20k profit $400k

$700k doesn’t seem to be that much.


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I think that is a pretty small dealer. The Dfw dealer sells way more units than that plus the service work adds up.


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[larry_arizona]

I think that is a pretty small dealer. The Dfw dealer sells way more units than that plus the service work adds up.


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Perhaps my dealer is small compared to the big boys like Premier, Rinkers and pro wake.

My point was dealer profits on SC product are not crazy high.

My dealer probably makes most their money on high volume pontoon sales.

I know the owner is not hurting for money.


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[MJHSupra]

Service can add up a lot to boost the bottom line. There are consultants that can tell you the equation based on sales, number of work bays, etc., how big the margin and dollars for the basic service items: oil changes, tune ups, trailer repair, etc.

Granted if the dealers can find mechanics. And if they are good with trouble-shooting electronics.

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[Mxmark4]

When I worked in ccar dealers , service department carried the whole dealership and that was the way it went. We paid all the bills essentially, made the most profit, and parts dept and sales were like added bonuses. In a boat dealer I would imagine its much the same except,They have service wait times that are unheard of in the auto industry, and parts costs are through the roof. 700k of dealer profit for putting you in a boat is pretty good IMO. Service and parts will make up for the rest.

[Zog]

When I worked in ccar dealers , service department carried the whole dealership and that was the way it went. We paid all the bills essentially, made the most profit, and parts dept and sales were like added bonuses. In a boat dealer I would imagine its much the same except,They have service wait times that are unheard of in the auto industry, and parts costs are through the roof. 700k of dealer profit for putting you in a boat is pretty good IMO. Service and parts will make up for the rest.

The service wait times for boats is something I have never understood. Why do you have a shop that is so undersized that you can only manage to take care of your customers in 3-4 weeks. If you had a bigger shop, wouldn't you be able to charge a premium by getting people in and out in under a week? Seems like there is a massive available backlog, but I guess the winter months become slim pickings. There has to be a better way though.

[Mxmark4]

Went by the dealer today and still at a 4 week wait for service. Its a good thing I dont drive this boat for a living cause waiting that long would suck. Still waiting on a tower light that was ordered in August when I purchased the boat. Supply chain holds up some of the work in our current situation Im sure but to be 4 weeks out in the slow time of year looks to be a busy spring summer for them. P