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  1. #1
    Join Date
    Aug 2015
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    Mn
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    705

    Default R COVID pricing premiums receding?

    I am on the market for a couple of Side x sides since this spring. Been looking at the CF moto Z-force 800EX. Like everything else during COVID, it was impossible to find one and if you found a dealer with any ATX sideXside, they would not budge from MRSP, my local dealer told me they would likely not be able to get one until may or June!
    Been looking again and find extensive stock and dealers who are even selling at discounts.
    Found this Polaris RZR 900 at a very reasonable price, in stock at discount:

    2020 Polaris® RZR® S 900

    Retail Price$14,999.00
    Sale Price$13,515.00

    That's almost 1500 off. That was impossible in the spring. I've also seen a wide variety of used Wakeboats on Boattrader and some price drops.
    Which begs the question: is this just a winter blip that will pick back up in the spring or is the COVID premium stating to recede?
    2020 Supra SL 400
    2015 Moomba Mojo(Sold)
    2018 Yamaha Waverunner(Just to fool around)
    2018 F150 Lariat
    sport edition, 3.5lt ecoboost

  2. #2
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    7,020

    Default

    my 02 as I was discussing with my neighbor who wants to sell his 18ft 4winns into a bigger runabout..
    I think those that could afford to buy things have and those that couldn't still can't. if covid is still rampant in the spring into summer and no virus plans yet pricing will hold steady to drop a little as you are seeing. if covid breaks and the country starts to open up again I see a glut of used stuff hitting the market.

    I know of 2 families that bought high$$ wakeboats in the mid100's in 2020 that are selling this spring. their push is they got a summer out of them, enjoyed it, but not what they want to do long term so selling in hopes that covid is on the downslide and they can get back to traveling.
    my sis has a friend looking for a 4-person utv. same experience as you during the summer with pricing at or higher than msrp and no real inventory. he now has a bunch to pick from and has seen up to 10% discounts off msrp on 25k machines.

    seems on onlyinboards some people have started pricing at more normal prices but still a lot that are stupid priced. if market drops and pricing recedes I see people walking away from boat deposits to buy 1 year old used and the new market becoming stagnant middle of 2021. If I was skiers, I'd try to get all those I can into the dealer hands to get delivery done.
    '06 Supra Launch 20SSV-gone but never forgotten

  3. #3
    Join Date
    Aug 2015
    Location
    Mn
    Posts
    705

    Default

    Quote Originally Posted by sandm View Post
    my 02 as I was discussing with my neighbor who wants to sell his 18ft 4winns into a bigger runabout..
    I think those that could afford to buy things have and those that couldn't still can't. if covid is still rampant in the spring into summer and no virus plans yet pricing will hold steady to drop a little as you are seeing. if covid breaks and the country starts to open up again I see a glut of used stuff hitting the market.
    OK, but I think that sounds somewhat counterintuitive. If the vaccines have the effectiveness we hope for, and infectivity and hospitalizations start dropping, there is going to be a surge in confidence, more investments from people and companies who have been waiting on the sidelines. I would then predict increased hiring which leads to increase in disposable income, increased consumer confidence, which would hold prices steady. The opposite would be true if for some reason COVID remains uncontrolled and hospitalizations and death rates do not show improvement.
    2020 Supra SL 400
    2015 Moomba Mojo(Sold)
    2018 Yamaha Waverunner(Just to fool around)
    2018 F150 Lariat
    sport edition, 3.5lt ecoboost

  4. #4
    Join Date
    May 2018
    Posts
    4,920

    Default

    People are itching to spend money....an effective vaccine and return to normalcy will open entertainment, air travel and restaurant industries.

    That said, 2020 saw a 355% increase in boat loans, most of that will shift back to normal also.

    Some who bought boats this year may like it and stick with it. But the majority of the newbs will bail, sell and take the loss.


    Sent from my iPhone using Tapatalk
    2021 Supra SA 400
    2018 Supra SA 400 (SOLD)
    Michigan

  5. #5
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    7,020

    Default

    what larry said. if things go back to whatever the new normal is, "toys" will not show an uptick but will normalize.
    those that are unemployed or can't afford these toys now will go back to whatever they were doing pre-covid and it likely won't be investing in these toys or they would already have one.

    either way I hope that skiers, tige and the such didn't/don't add capacity to start churning them out to some artificial demand from 2020. might leave a few boats on the table that could have been sold but won't push production to start cutting corners and lose q/c.
    '06 Supra Launch 20SSV-gone but never forgotten

  6. #6
    Join Date
    Aug 2015
    Location
    Mn
    Posts
    705

    Default

    What u are positing is that market saturation due to COVID related surge in buying in 2020 is going to put strain on prices going forward into 2021, regardless of economic conditions. OK, I can go along with that. I guess we will never really know until May-June 2021. Good thing is we can time travel forward, one day at a time, and soon enough we'll find out.
    2020 Supra SL 400
    2015 Moomba Mojo(Sold)
    2018 Yamaha Waverunner(Just to fool around)
    2018 F150 Lariat
    sport edition, 3.5lt ecoboost

  7. #7
    Join Date
    May 2018
    Posts
    4,920

    Default R COVID pricing premiums receding?

    I doubt skiers increased capacity, at least not in a capital way.


    Sent from my iPhone using Tapatalk
    Last edited by larry_arizona; 12-06-2020 at 06:30 PM.
    2021 Supra SA 400
    2018 Supra SA 400 (SOLD)
    Michigan

  8. #8
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    7,020

    Default

    Quote Originally Posted by Isaguel View Post
    What u are positing is that market saturation due to COVID related surge in buying in 2020 is going to put strain on prices going forward into 2021, regardless of economic conditions. OK, I can go along with that. I guess we will never really know until May-June 2021. Good thing is we can time travel forward, one day at a time, and soon enough we'll find out.
    wish we had access to the database that onlyinboards uses. it would be interesting to pull some data out on days on market and listing price by model. I bet it would show pricing on new ads dropping and days on market increasing IF you're priced at the high end of the average listing price.

    when we were shopping in june there was around 1700 listings. there's 2700 today. market still has some corrections to come.
    '06 Supra Launch 20SSV-gone but never forgotten

  9. #9
    Join Date
    Jun 2020
    Location
    Reno, NV
    Posts
    741

    Default

    Just read this article

    https://apple.news/A5l221QMbQn-46tpdTGnDQw

    and, I have to agree that the outdoors markets and power sports industries will see a market stabilization and decreased sales. I see people getting back to work mid summer, keeping them from enjoying the outdoors. The less economically fortunate will be struggling, and the economic divide will widen. Factors that some of us used to get into better boats won’t exist, and will have to stay in them for some time.

    I see people returning to the cities, but only at a rate of half that fled. Those that stay in the burbs or rural areas will still partake in outdoor activities at a lesser scale. The housing market will still be overinflated, keeping people from buying $80k+ boats. The job market will return. You’ll see an exodus from healthcare, and it will take time for wages to increase enough to keep that exodus from occurring.

    The middle class is dying out. Malls and the power sports industry are an indication of this. Sxs’s show that power sports have gone beyond what the average man can afford. When a new dirt bike is almost $10k stock, premium can be asked on a 10 y/o clapped out 2-stroke, because that is the limit many can buy. The used power sports will see a decaying premium as long as the brand new inventory is priced according to 2020 valuation.
    2020 SA 450 Wife calls it White Cloud. Said it makes her feel "Classy"
    2017 Sanger V215sx. We call it Viagra because it's the little blue pill that gets everyone up (Sold)

  10. #10
    Join Date
    May 2018
    Location
    Waynesville, Ohio
    Posts
    481

    Default

    Quote Originally Posted by Isaguel View Post
    I am on the market for a couple of Side x sides since this spring. Been looking at the CF moto Z-force 800EX. Like everything else during COVID, it was impossible to find one and if you found a dealer with any ATX sideXside, they would not budge from MRSP, my local dealer told me they would likely not be able to get one until may or June!
    Been looking again and find extensive stock and dealers who are even selling at discounts.
    Found this Polaris RZR 900 at a very reasonable price, in stock at discount:

    2020 Polaris RZR S 900

    Retail Price$14,999.00
    Sale Price$13,515.00

    That's almost 1500 off. That was impossible in the spring. I've also seen a wide variety of used Wakeboats on Boattrader and some price drops.
    Which begs the question: is this just a winter blip that will pick back up in the spring or is the COVID premium stating to recede?
    On the topic of the SXS...what drew you to the CF Moto over an RZR anyway? I have saw quite a few on a showroom floor in Tennesse this year. All of the Can Am’s they had were sold out, but the CF’s were still plentiful. I honestly didn’t even give it the time of day for that reason. I just assumed it wasn’t built to truly hold up to the rocky terrain in Tn, like some of the other major brands. Just curious. Maybe I should look at one.


    Sent from my iPhone using Tapatalk

    2018 Moomba Craz
    6.2L Raptor 400
    6 Pump Ballast, Autowake 2.0, Flow 2.0 Surf System
    OJ 15x13 Wake Prop
    Digital Cruise Pro 3 (paddle wheel)
    Wetsounds Rev 10's

    2005 Supra Launch 22SSV - Sold

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