Home |
Search |
Today's Posts |
#1
posted to rec.boats
|
|||
|
|||
Interest rates and fuel prices taking a toll?
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) |