Boat Shows 2024

[sandm]

Who was the last OEM to go out of business - Epic Boats from the mid-2000s? They sold both wake and bay boats.

epic was the spinoff by toyota boats when they realized they should stick to cars. I believe that they had one year back in the early 2000's where you could buy an epic and a toyota and they were same boat. epic made it until at least 2012 but not long after that.
2008ish was what started to kill off several small builders- some from up north...
gekko
calabria
wakecraft
svfara
wakecraft/gekko tried to make a comeback 5 or so years ago but it was a horrid looking boat with awful reviews and not sure anyone actually saw and purchased a production model. looked like their old mold with a newer engine/tower.

I would not be surprised with a continued slowdown in boat sales thru 2024 that sanger goes next. MB is the only other small line left and they seem to have enough of a core business to weather the current situation. most all the other lines are tied in with 2 or 3 builders so if a line goes away, the builder is still around with other brands.

[HFarr]

I have a different perspective in general especially about buying toys.

No part of me wants a OEM to struggle, last thing any of us who enjoy this wakeboat experience is for an OEM to struggle and go out of business. Same can be said for dealers.

You either can afford this game or you can't.

This is what America is built on, Capitalism. I will roll with the peaks and valleys of capitalism any day versus socialism/communism.

Work hard and play as hard as you can, as I get older I see the value in enjoying life while I can still have fun doing it with the people I love.

Don't take life too seriously, nobody gets out alive.


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Your last couple of paragraphs are absolutely the truth! I SALUTE THAT!!!

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[JimLevin]

Anybody seeing any deals? Sorta seems like back to business as usual. Precovid sorta. Decent stock. Supra 19% to 20% off MSRP. Moomba about 15% ~ 17% off MSRP. 2023 leftover Supra models only seem to be about 25% ~ 26% off msrp.

[KnoxMojo]

Anybody seeing any deals? Sorta seems like back to business as usual. Precovid sorta. Decent stock. Supra 19% to 20% off MSRP. Moomba about 15% ~ 17% off MSRP. 2023 leftover Supra models only seem to be about 25% ~ 26% off msrp.

There is a nice 2020 SA on the Supra page and only inboards for 112k! Dealers are really dealing on the leftover 23s, saw a few SL and SA going for 130ish to 150 depending on options

[MJHSupra]

I agree with @KnoxMojo. Seen some nice color schemes on 2021s and 2022s for used boats @ decent prices and hours.

There are leftover 2023s that are deals, some have the funky color patterns. Mostly SA and SL.

[mgswake]

Anyone make it to a recent boat show. I was really looking forward to going to the Charlotte boat show but was unable to make it. Last weekend was the Columbia boat show, but I had to work on the shoreline and a bunch of other things in the yard and missed that one to. I wasn't as bummed about Columbia because Malibu/Axis and Mastercraft are the only dealers that go. Mostly fishing/bass and center console boats at that show. Still a good time and fun to see other boats.

[sandm]

going to be an interesting spring for boat sales...
don't see the interest rate market changing much until at least mid summer. only inboards is packed with boats and 70% are 2021 and newer.
m/c and 'bu posted quarterly results beginning of this month and both show quarterly sales down 40% YoY and margins are way down indicating they are discounting more than the last few years.

my takeaway... if you are looking to buy skip new as I see some desperate sellers that are upside down in newer boats/holdovers at dealers and if you are looking to sell, those with 2020's and older are still sitting decently but anyone with newer boats are going to see some decent depreciation.

couple holdover 2023 sa's in the 150's and several 2024 sa's all over 210k. granted options can tick up quickly but that's a big spread.

[larry_arizona]

Only saw one low option new 2023 SA for 163k

Couple low option 23SA's with 100 ish hours around 150's

But interest rates are still awful.


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[sandm]

Only saw one low option new 2023 SA for 163k

https://www.onlyinboards.com/2023-Su...nd-158376.aspx

149k. new. and it's a 450. granted doesn't have all the option boxes ticked but for a savings of over 60k you could sure add anything missing that you "have to have". a couple of the other new leftovers aren't priced on OI but I have it on good authority that they are in the 150-160's with discounts.

point is the wakeboat industry is likely in for a rough spring/summer and you are 100% correct on interest rates. it's a big contributor to the market.

bet there's a few dealers out there trying to delay/cancel dealerstock 2024 boat orders.

[sandm]

same dealer:
https://www.riwatersports.com/New-In...99134?ref=list

that's only 9k more than the kaiyen I spec'ed out in 2020 new and looks to be optioned pretty similar with racks/bimini/wetsounds.

brand new starts at 116k before options. wonder how many paid in the upper 120's last year being told the boat market will continue to appreciate and now we seem to be getting back to a normal cycle of discounts off msrp and depreciation as soon as you get 'er wet