Boats being sold and bought

[Rum_Pirate]

Re posts about all these boats being sold because the owners can't afford them, moorings and running expenses etc.

If the current owners cannot afford them and have to sell, then who the heck is buying them???

 

[Divemaster1]

From the UK, there are a fair few boats coing to Norway and other Scandinavian countries ... Weak Pound makes import financially viable...

 

[MY littlebirchwoo]

This is a subject we have been watching closely for some time on the local east coast forum, it appears that some dealers are having a fantastic year both with new and second hand sales. The used boat Market in particular is very interesting as people are definitely steering away from brokers who load up charges like fees for trials/fuel etc, seeing this as a little devious and on the flip side open and friendly brokers have people queueing for boats and have a definite shortage of certain types of craft

Having just spoken with a Norfolk based broker over the past few days it appears they have just had a record november

 

[AdeOlly]

Re posts about all these boats being sold because the owners can't afford them, moorings and running expenses etc.

If the current owners cannot afford them and have to sell, then who the heck is buying them???

Well, there's a very nice chap down in Devon who's just bough my Hardy, and I've just bought a bigger mobo, so that accounts for two sales!

There is no question a steady outflow of boats to the continent, and there is plenty of space at the big marinas. Premier marinas berth availability I've never seen availability at Falmouth before, and Port Solent is clearly out of favour. I would hazard that folk are leaving the big marinas in favour of lower cost moorings, which is exactly what we're likely to do as well given the hike in cost now we're over 10m LOA.

 

[kevin007]

boats

I'm buying up the boats ha, ha... gottcha...
Now for the good bits I bought a freemans boat as a project and Its going well and almost complete, so now I'm looking for another boat to work on. something cheap, but big with an engine. I'm totally hooked on doing boat projects. Everyone calls me the pirate guru 006 and a half

 

[enterprise]

The available Marina berthing at premier makes some interesting reading, don't know if it's a sign but the majority seem to be 10-12m berths, just the sector in which an average income owner would most likely to be.

I guess in these times of financal cutbacks the first to feel the recession would be owners with set budgets, you would think the likes of MDL, premier etc would try to retain owners in this bracket with some kind of loyalty scheme, longer berthing deals etc, MDL have once again frozen prices and offered monthly payment plans for no additional cost, so hats off to them but still no longer terms or discounts for long term berth holders.

IMO things are going to get worse, the cost of annual berthing contracts, increase in Fuel prices, the poor weather performance and a depreciating asset often makes the decission to carry on in the UK hard enough without the financial pressures that are on everyone's mind at the moment.

I guess the new boats are going abroad, second hand sales are doing well as folks are downsizing to lessen the financial burden or to release equity.

 

[PowerToSail.com]

The problem in the UK for brokers and buyers is the lack of fairly recent boats to sell; the huge downturn in manufacturing since 2008 has meant that boats between 1-3 years old are few and far between. Dealers were generally stuffed with unsold stock manufactured in 2007 and ordered very little for delivery in 2008. A good number of boats manufactured between say 2005 and 2007 have been sold off; particularly to Scandinavia as Divemaster1 pointed out, leaving old stock which often vendors ask much more than they are reasonably worth and/or are fairly unsellable as buyers want well maintained modern boats, not boats which date quickly in terms of design and live in a harsh environment and consequently deteriorate quickly. In France this year we have had a very good year with the average age of the boat being only 4 years old. My worry for next year is not the lack of buyers but the lack of reasonably priced modern stock. We are attracting buyers from China, South America, Russia and Germany as well as our local clientele, being France, Italy and the UK. The problem is the expectations of the vendors in a market which is virtually transparent, so pricing is key.

 

[Nautibusiness]

Good answer PtS.

Is that JB by the way?

 

[Bobc]

I was talking to someone the other day who keeps his boat at Kemps Quay on the Itchen (one of the cheaper Solent yards), and he said that 40 berthholders had left Kemps this year.

 

[PowerToSail.com]

Good answer PtS.

Is that JB by the way?

Yes it is Nautibusiness - to whom do I have the pleasure of addressing?

 

[Nautibusiness]

Yes it is Nautibusiness - to whom do I have the pleasure of addressing?

I stepped into your illustrious shoes at SMB in '02. Tom Bettle