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posted to rec.boats
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Interest rates and fuel prices taking a toll?
wrote:
Too early to tell, but........
First quarter new and used boat sales in WA state were down slightly
from last year. This is the first time in 3 years that first quarter
sales have been off vs. the previous year. Jan and Feb numbers were
actually up over 2005, but a very soft March drew the quarter down
overall.
Notable statistics:
New boats sold by WA state dealers were 1,253 units in Q1 2006, vs.
1.361 in Q1 2005. Unit volume was off 7.9%, but due to price increases
dollar volume was off less than 1%.
Washington State residents bought 32 fewer boats from out of state
dealers in Q1 2006 vs. Q1 2005. (339 vs. 371) However, a substantial
increase in average transaction price of such vessels resulted in a
58.8% ($4,427,448) increase in this category.
Used boats sold by WA State dealers were down 23 units from the 850
sold in Q1 2005, but dollar volume was up 9.9% in that category. Fewer,
but more costly used boats are being sold.
Among New boats:
Sellers listed the following "Propulsion type" on applications for
registration:
Ourdrive: 415 units
Inboard: 184 units
Jet: 184 units
Outboard: 848 units
Sail: 18 units (some sellers list sailboats as inboard, outboard,
etc)
Unknown: 25 units
LOA's with notable percentage changes:
10' down 11.5% Q1
11-14' down 16% Q1
23-26' up 58.7% Q1 (165 units vs 104)
27-30' down 9.5% Q1
31-34' up 22.7% Q1 (27 units vs 22)
35-38' up 91.7% Q1 (23 units vs 12)
39-42' up 20% Q1 (12 units vs 10)
43-46' up 250% Q1 (7 units vs 2)
51-54' down 33.3% (2 units vs. 3)
55-58' down 100% (no units sold, vs. 2)
70' up 100% (2 units vs. 1)
Looks like sales in the medium size cruiser category, 31-46 feet, were
actually up pretty well- but of course there isn't any meaningful
volume in those categories to influence the overall statistics.
Looks like the 50-60 foot category has fallen off slightly, but again
the base is so small that 2-3 units one way of the other make a huge
percentage difference. (A lot of these are now 7-figure boats and sales
volume may tend to track the price of second mortgage money).
Among used boats:
1363 "outdrive"
883 "inboard"
402 "jet
3,089 "outboard"
235 "sail"
86 "unknown"
Categories of LOA with notable % changes
11-14' down 8.1%
15-18' down 7.2%
23-26' down 4.1%
31-34' down 9.7%
35-38' down 9.9% (91 units vs 101)
39-42' down 6.8% (68 units vs 73)
43-46' down 12.5% (28 units vs 32)
47-50' UP 41.2% (24 units vs. 17)
59-62' down 50% (1 unit vs 2)
63-66' down 50% (2 units vs 4)
67-70' down 50% (1 unit vs 2)
70 UP an infinite percent (3 units vs 0)
Oddly enough Chuck, I've watched Ebay for the last 4 years on used
craft of various sizes, makes, and conditions, and have noticed that
prices seem to be up in the used boat market[s].
most strange.....
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