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Nautorius

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Well,

After my recent calls around the business this is what they are saying. Footfall of people actively looking at brokerage/secondhand craft is down. In some weekends they have had 25% of the Customers of last year (Weather does play a part).

Those who are looking fall into two camps. Those who know exactly what they want (75%) to those looking in general terms (25%). A couple of years ago it was opposite with only 25% of people knowing exactly what they want. This means that You need to have a well presented boat at the right price to even drag in a potential customer.

Buyers are more clued up this year than before (probably because 75% of customers know what they want). Most will not even look at alternatives. They also know what Spec/Colour is best and are less likely to take a gamble on a dodgy spec /colour even if the price is substantially lowered.

In one word the Market is very Cautious. So if someone wants a type of your boat, make sure it is well presented, sensibly priced and then you will get viewings! But if they do not want a Scandinavian Hard top but an S25 they probably won't even look at yours, even if she is top Spec and the cheapest on the Market!

So boats are selling, at the right price as always, but the chances of a cross sell or a off spec sale are much lower this year.

One Dealer claims that they are beating last years sales of Brokerage boats, but they are encouraging sellers to price for a competitive Market. An T37 for less than £100k...that will do nicely Sir. This has meant that even on key boats such as Targa 34's and Sealine 34's prices are more realistic...and that leads to Sales. Basically the usual models are selling (Bavaria, Proincess, Fairline, Sealine, Doral, Monterey, Nimbus) but others are struggling.

On new boat sales you can either have good discount or a decent trade in. Net effect the same but only if you get a stock boat!

From Brokers at Hamble and Poole, so may be specific to Solent Area......or they could all be talking tosh.

As always, IMHO

Paul /forums/images/graemlins/smile.gif
 

Nautorius

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Yep,

But given that only buyers who want a F50 will look at it the deals may get even better!

PS, I take it you are in the 25% of people undecided about a specific boat brand and model?

Cheers

Paul /forums/images/graemlins/smile.gif
 

gjgm

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it might well suggest that the serious buyer who knows what he wants is still about,same as always What might have disappeared is the more casual, I got a bit of wedge, I ll get a (new)boat chappie (who quite possibly no longer has a bit of wedge, as the prime Minister has it)
 

mjf

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Very interesting point of view.

i reckon it about right too. The eco and Wx climate combined are not conducive to a bouyant market in UK at the moment.

What really puzzles me though is that I see loads of the winter ashore boys back in the water now and yet the marinas on the Solent have loads of space. Our marina is very quiet with a lot of empty berths - more than i have seen before certainly and yet the hardstanding is as empty too as i recall seeing it in the past. odd.
 

mainshiptom

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Still looking about, I guess I missed this summer so better get a boat that I can use in winter as well !

Not sure about the WhitewaterWolf allthough I like it a lot, roomy, fast,all electric galley, Gene, great bathing platform + shower, ideal for anchoring and fishing,

I think I need to make up my mind?
 

Whitelighter

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[ QUOTE ]
Not sure about the WhitewaterWolf allthough I like it a lot, roomy, fast,all electric galley, Gene, great bathing platform + shower, ideal for anchoring and fishing,


[/ QUOTE ]

And the bad points are? Seems like a good price as well. Ok, might be harder to sell than a well known boat but buy it right and keep it forever.

(ok, I know I am about the worst person for not keeping boats, but hey, I know the theory)
 

ari

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[ QUOTE ]
In one word the Market is very Cautious. So if someone wants a type of your boat, make sure it is well presented, sensibly priced and then you will get viewings!


....So boats are selling, at the right price as always, but the chances of a cross sell or a off spec sale are much lower this year.

One Dealer claims that they are beating last years sales of Brokerage boats, but they are encouraging sellers to price for a competitive Market. An T37 for less than £100k...that will do nicely Sir. This has meant that even on key boats such as Targa 34's and Sealine 34's prices are more realistic...and that leads to Sales. Basically the usual models are selling (Bavaria, Proincess, Fairline, Sealine, Doral, Monterey, Nimbus) but others are struggling.



[/ QUOTE ]

Pretty much what the "Secret Salesman" in MBM has been saying I think.
 

mainshiptom

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Bad points, Ok:

Big engines (diesel,Maintaince), Very hig air draft (Inland waterways), A bit old renew upholstrey and maybe intrnal wood needs looking after.

Yes price is good but how much would I have to do once bought the boat?
 
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Deleted User YDKXO

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Did your broker contacts say why the market had softened? Is it rising interest rates or the demise of red diesel or some peeps fearing a house price crash or just some parts of the economy being weak?
 

Nautorius

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Two things were muted.

The cost of South coast berthing rising way above inflation and the cost of borrowing. He also sees the general economy slowing as a sign that the boating environment is toughening up after a few great years.

Basically it is the loss of 'mr wodge' who comes in and buys a boat! Another guy pointed to the weather...with lots now booking to go abroad so out of the uk boat market. If they holliday in UK they are more likely to buy a boat but a foreign holliday can eat away at the boat fund.

Cheers

Paul
 

gjgm

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those reasons must just be the brokers hunch,rather than any analysis. I mean, he can hardly ask people who apparently arent even turning up in his yard why they are not buying a boat;even less likely muggins is going to say, its coz I m being killed by my mortgage and I m skint !
I m not convinced by the weather story either. It was damn good late Spring, and if you are going to buy a boat, its not going to be bcz today is a sunny afternoon, any more than you are going to be put off your dream bcz last w/end was raining.
As a hunch, I'd say the cost of owning a boat is maybe becoming a luxury too far for more and more people, not because the economy is slowing-it isnt much-but because finances are getting stretched. The situation isnt being matched by a price reduction in the boats.
 

volvopaul

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Inwards seem to be doing ok, looks like they have sold the 406 riviera that I wanted, though its my own fault as I made a very low offer to reflect the work that needs doing, and the targa 37 that was cheap has gone too, so its back to the drawing board unless the 406 gets a bad survey report and sea trial, I think is today or tomorrow anyone down hamble point know? will be in with another offer for it if its a no go with the Norweigans, which asks me are our boats cheaper than over/up there, spannerman feedback please.
 

PowerYachtBlog

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here in the Med there is a very slow used market situation
the leasing schemes in Italy and France has really slowed down the used market to its lowest levels ever...

I work mainly with Italians and if a client gives an offer for a used boat and you say its a not accepted, he just jumps on another boat and most probably will go and buy a new boat with a leasing scheme and pay it in 5 up to 9 years...
 

Nautorius

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Gigm,

You are right, we were just 'chewing the cud' over possible reasons. No concrete reasoning, however they do chat to the 25% of 'any boat' punters and they say things like finance rate and mooring costs too high!

These things do not seem to bother people buying new ones though?

Cheers

Paul /forums/images/graemlins/smile.gif
 
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