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Originally Posted by
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.
Looking on Only Inboards sold section, there hasn't been much sold the last few months. Prices are dropping like crazy. Saw a 21 SL for 115, 23 23lsv for 145 among others, and they aren't selling. There's a 20 or 21 on Facebook that's going to 108 or so. People are either upgrading or selling to get out, or finally took it on the chin in this economy enough to cut their losses and move on. Deals to be had for all cash buyers. This extended rate hike is catching up to most everyone in some way.
2018 Supra SA400 aka The Ron Burgandy
2011 Sea-Doo Wake 155
2015 Mojo Surf, sold...2013 Axis A22 Recon Edition, sold...2010 Axis A22, sold...2007 Maxum 1800sr3, sold