Tuesday, April 03, 2012
NEW BOAT SALES IN USA SURGE
Herodotus of Greece in 5th Century BC said “If a man insisted on being serious, and never allowed himself a bit of fun, he would be mad without knowing it”. Well it looks like in the USA at least, boat buyers are looking for some fun. Recent correspondence from Tom Jenkins at Allied Marine a well known broker of new high end Bertram, Ferretti & Riva yachts shows that many of their new in stock boats were sold between the Miami and Palm Beach Boat Shows. After Miami they only had four boats left to display at the Palm Beach Show, and they sold one of those too (Ferretti 530).
There is a surge in new boat interest. Given that some of the shows were light on attendance, the quality qualified buyers were still there – buying! In Tom’s own words, “Imminent delivery is currently not an option”. Boat buyers need to get used to the new reality that many boats over 50’ are in short supply and are dealer allocated. Once the dealer allocation is sold, you are waiting for a new boat to come out of the mold and be built and that takes time. It is expected that some of that new boat boat business will switch to good quality used brokerage stock to bridge the gap between delivery dates and the upcoming active boating season in central and north USA coastal and Great Lakes regions. The story pic above shows a row of large SOLD yachts at the Miami Boat Show.