Is anyone seeing price increases being passed along from moomba on boats already on contract
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Is anyone seeing price increases being passed along from moomba on boats already on contract
Doesn’t look like moomba MSRP changed since they released 2022 pricing.
When did you order your boat?
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September 2021
Did they quote you 2021 pricing? They should have known 2022 pricing by September.Quote:
Originally Posted by Rdsboat
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I do recall a foreign materials surcharge of $450 on my 2021.
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It looks like there is a mid-year pricing increase coming from MoombaQuote:
Originally Posted by larry_arizona
How much of an increase?
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I believe it's a 6.5% increase. Lots of manufacturers are doing it which sucks.
I am sure Supra did the same.
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Most definitely, looks like it.Quote:
Originally Posted by Rdsboat
I just got info that they put a 6% surcharge recently on all boats on order on top of the order price...
Matches inflation
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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.
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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I assume all the wakeboat makers are doing the same.
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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.
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).
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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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.
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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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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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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%Quote:
Originally Posted by larry_arizona
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.
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.Quote:
Originally Posted by larry_arizona
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.
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.Quote:
Originally Posted by sandm
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!!!
No argurment on the “I would be pissed” part.Quote:
Originally Posted by sandm
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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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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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Well, this is good news!Quote:
Originally Posted by MJHSupra
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!!!
I agree this has an insulating effect on used boat values.Quote:
Originally Posted by MJHSupra
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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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.
Everyone just riding the tide of home equity my man.Quote:
Originally Posted by KnoxMojo
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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.Quote:
Originally Posted by 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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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.
Feels awfully similar to 2006
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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..lolQuote:
Originally Posted by sandm
Being late 40’s, empty nesters, we have less concern then in the past, and a lot more latitude to live.Quote:
Originally Posted by KnoxMojo
Making my new SA build come true!!!