October Boat Sales Report

U.S. sales of brokerage boats in October slid for the second month in a row, falling 9 percent as 2,029 boats were sold, compared with 2,225 in the same month last year, according to Soundings Trade Only.

The value of boats sold rose 4 percent, however, increasing nearly $10 million to $274.4 million, according to reports by YachtWorld member brokers in SoldBoats, their proprietary database.

Powerboat sales were the main drivers behind the reported shifts. Powerboats sold in October fell 10 percent from 1,768 last year to 1,591 this October. But the value of those sales rose 6 percent from $227.1 million to $240.1 million.

Sailboat sales decreased 4 percent in October as 438 boats were sold, down from 457 last year, Trade Only reported. The total price paid for sailboats in October fell from $37.9 million last October to $34.3 million this October.

The decline in volume was in all segments of the market by length, but was off the most among boats under 36 feet. Sales of boats 26 to 35 feet were down 11 percent; 802 boats were sold, compared with 899 a year earlier. Among boats shorter than 26 feet, sales were 15 percent lower as 471 boats were sold, down from 555.

Sales were nearly level among boats from 36 to 55 feet as 688 were sold, four fewer than last year. The total value of the sales increased by $5 million, however, as a total of $117.7 million was exchanged.

Sales volume slipped for boats 56 feet and above from 79 to 68, but the total price paid was close to $10 million higher.

For more information on purchasing a new or used yacht, email Sales@denisonyachtsales.com or call 954.763.3971.