5 Recent Market Trends in Boat Sales

As the year winds down, we analyzed some of the recent boat sales data and noticed a few trends in the market. We looked at the monthly reports from YachtWorld and our own breakdown highlighting boats sold in Florida vs. the rest of the U.S. 

Here are some brief thoughts and observations:

1) Overall U.S. sales were lower last month than the year before, and below the 5-year average. The election likely had something to with this, which is supported by our research from a few months ago.

2) Average boat sales are higher than the moving average. So while there was a lower volume of sales, the total value of sales actually rose. Good news.

3) Sailboat sales decline. This has been the same story for the last 3-5 years, although the rate of decline has steadied, and there likely will be a comeback soon.

4) 22% of all boat sales in the U.S. in the last month happened in Florida. This is compared to 20% in 2015, 18% in 2014, and 17% in 2013. This steady climb up shows the ever-growing importance of Florida to the yachting industry and is good news for yacht brokers based in Florida.

5) 36% of boats sold over 50’ last month were in Florida. Just think, that’s more than 1 in 3 boats sold in the U.S. happening in our backyard. If you look at the chart, you’ll notice this number is about the same as 2014 & 2015.

To speak to a broker and learn more about market trends, contact 954.763.3971 or Sales@denisonyachtsales.com.