Baller BlueSki Posted April 9, 2021 Baller Share Posted April 9, 2021 Intuitively, everyone here knows this, but for the wonks it is interesting to see how substantial the spike in boat sales was over the past year. The increase as a percentage of consumption over the past year was equal to the gain over the previous 8 years, but still not to prior peaks. Link to comment Share on other sites More sharing options...
Baller_ MISkier Posted April 9, 2021 Baller_ Share Posted April 9, 2021 Some of the dealer talk around here is that there definitely is a shortage of new inventory (also not news to us) and some are already out of boats. Our club was lucky to get one. Also heard a story of a dealer here that had a customer from Indiana show up last year in the panic days of early summer pandemic buying and put $100K in cash on the counter to buy one. The worst slalom equipment I own is between my ears. Link to comment Share on other sites More sharing options...
Baller jgills88 Posted April 9, 2021 Baller Share Posted April 9, 2021 I wonder how much of that spike is people getting into watersports compared to upgrading previous boats? Link to comment Share on other sites More sharing options...
klindy Posted April 9, 2021 Share Posted April 9, 2021 I think it has a LOT to do with Covid. Instead of vacations (involving airplanes, hotels and restaurants) people are investing in things they can do with their families (read: without masks). So outdoor activities like boating is an easy thing to pick up. If you look at the sales of Lowes and HD, as well as small contractors, you'll see a big uptick in home remodeling projects too. Link to comment Share on other sites More sharing options...
Baller jjackkrash Posted April 9, 2021 Baller Share Posted April 9, 2021 Demand is up. And there were and still are supply-chain interruptions on things like resin and microchips and rigging parts made in china. Perfect storm. Link to comment Share on other sites More sharing options...
Baller ForrestGump Posted April 9, 2021 Baller Share Posted April 9, 2021 My boat dealer buddy told me he sold his 2021 allotment by November of 2020. Link to comment Share on other sites More sharing options...
Baller LoopSki Posted April 9, 2021 Baller Share Posted April 9, 2021 The public boat ramps are gonna be a spectacular show this year! Based on the requests on Facebook groups the majority of boat buyers are first time boat owners. Link to comment Share on other sites More sharing options...
Baller escmanaze Posted April 9, 2021 Baller Share Posted April 9, 2021 I bought my boat in the fall of 2012. That graph makes me feel pretty good about having gotten a decent deal in a buyer's market. I'm pretty darn certain I could sell my boat for more than I paid right now. Link to comment Share on other sites More sharing options...
Baller Kelvin Posted April 9, 2021 Baller Share Posted April 9, 2021 Easily sold a high hour SN 200 last June with multiple full price buyers after the boat had been advertised for nearly a year without any interest. Link to comment Share on other sites More sharing options...
Baller escmanaze Posted April 9, 2021 Baller Share Posted April 9, 2021 Thanks for posting that graph. It's fascinating. Link to comment Share on other sites More sharing options...
Baller skierjp Posted April 10, 2021 Baller Share Posted April 10, 2021 You might be able to sell your boat for what you paid for it but can you afford to replace it at today’s prices! Link to comment Share on other sites More sharing options...
Baller Jmoski Posted April 11, 2021 Baller Share Posted April 11, 2021 Sky high stock market, low interest rates, and extra demand due to Covid. I looked at a new SN over the winter and the dealer was advertising monthly payments of $735! - Read the fine print: 5.35% interest for 15 years! That boat is now sold and the dealer says only way to get one is to order a 2022! Notice on graph, really cool to see BTW, the drops are market recessions/crashes, the only question is when does the next correction/recession hit, then we will see the reverse... Link to comment Share on other sites More sharing options...
Baller moski Posted April 20, 2021 Baller Share Posted April 20, 2021 Huh interesting. On the flip side. I bet in 3-5 years the folks that are first time buyers of boats, camper trailers, atvs, motorcycles, lake homes/cabins, and any and other — i wonder what the % of them be selling these items in 3-5 years and probably a second wave in few years after that..... A % of those folks go back to their regular vacations, etc...... so will see a lot of these new toys they are buying up for sale... Link to comment Share on other sites More sharing options...
Baller BlueSki Posted April 20, 2021 Author Baller Share Posted April 20, 2021 @moski I think that you are right, there is likely to be a normalization of many supply/demand imbalances as the economy reopens and supply chains clear, and eventually the next cyclical recession creates a buyers’ market, whenever that may be. There is a good chance that many sellers at that time are disproportionately represented by 2020/2021 buyers... that is unless they find some buoys and get hooked like the rest of us. Link to comment Share on other sites More sharing options...
Baller 6balls Posted April 20, 2021 Baller Share Posted April 20, 2021 It's all relative...unless one getting out of the sport it's a great time to sell. If you sell and need to repurchase it's all relative. Link to comment Share on other sites More sharing options...
Baller UWSkier Posted April 20, 2021 Baller Share Posted April 20, 2021 My '01 is up probably close to 3k over what I paid for it in 2018... but as @6balls said, it's only a good time to sell if you have a friend with a boat to pull you around until the seller's market returns. Link to comment Share on other sites More sharing options...
Baller jjackkrash Posted April 20, 2021 Baller Share Posted April 20, 2021 The market won't stay this way forever, but it is not going south this summer, that's for sure. If you order a new Whaler now you might get it 18 months from now. There are many brands in the same boat so to speak across a lot of different product lines. Link to comment Share on other sites More sharing options...
Baller RAWSki Posted April 20, 2021 Baller Share Posted April 20, 2021 Sadly I bet the number of direct drive boats has continued to fall off a cliff (or Tsunami) in the last several years Link to comment Share on other sites More sharing options...
Baller swc5150 Posted April 21, 2021 Baller Share Posted April 21, 2021 I was on our river Sunday, and all that was out there were a few PS190's (including me), a 197, a Response and a Barefoot 200. Direct drives are a hot commodity here in western WI. Link to comment Share on other sites More sharing options...
Baller UWSkier Posted April 22, 2021 Baller Share Posted April 22, 2021 WI is unique I'm starting to realize. They're unicorns out west, but on my lake back home, they easily outnumber Vdrives 2 or 3 to 1. Link to comment Share on other sites More sharing options...
Baller 6balls Posted April 22, 2021 Baller Share Posted April 22, 2021 All hail Wisconsin. The busy lakes in Minneapolis are all full of v-drives. In a more rural setting you just don’t see them Link to comment Share on other sites More sharing options...
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