Cheaper Boats in the Credit Crunch

[MVP]

I don't think it will be possible to build boats or cars at a price that people will pay, if the CC continues

Dealers are selling new Subaru Foresters with a 2.5 turbo for £13.5k - we paid over £16 for a non turbo base model 5 1/2 years ago - they must be selling at a loss, but it's better than funding a deteriorating asset I guess

MVP

 

[JKay]

in the short term both car and boat manufacturers have to continue building product as they will have ordered and paid for the parts to build them months ago
they and their dealers need to get their stocks cdown so sell cheap due to lack of demand
In the long term fewer boats being built,less demand and then the prices may stabilize I for one hope we see our manufactureres survive although it does not look good in the short term
cheers Joe

 

[PowerYachtBlog]

[ QUOTE ]
in the short term both car and boat manufacturers have to continue building product as they will have ordered and paid for the parts to build them months ago
they and their dealers need to get their stocks cdown so sell cheap due to lack of demand
In the long term fewer boats being built,less demand and then the prices may stabilize I for one hope we see our manufactureres survive although it does not look good in the short term
cheers Joe

[/ QUOTE ]

depends how sales went in Southampton I think, but no figures about that
rumour is 25% less but only a rumour
Genoa had offical 7% less closed sales compared to 2007
now thinking there a steep fall tat week in all markets it was not bad, with the smaller boats apparently taking the bigger hit

I think when sales plung under the double digit its start looking ugly

 

[smayers]

Where can i buy a credit default swap on the UK boat builders. Then when they all go out of business i can use the profits to buy a nice new boat.

 

[JKay]

not just UK builders although Sunseeker seem to be quietly
going on about there business,anyone know otherwise?
cheers Joe

 

[PowerYachtBlog]

all the major builders especially those concentrated in bigger sizes 50 feet plus, seem doing quite well

the problems that many are encountering though is that most of there dealers are full with trade ins who they are finding it very difficult to sell

used boat market has been slowing down dramatically in the last 8 years in the med, and so far there seems to be no improvement

 

[kcrane]

I'm assuming that with the slide of the pound to the euro, even though there are plenty of 2nd hand boats in the med and a slow market, they'll still appear expensive to a UK buyer? I guess I can find out just by doing a Europe-wide search on the sales sites.

 

[Deleted User YDKXO]

[ QUOTE ]
I'm assuming that with the slide of the pound to the euro, even though there are plenty of 2nd hand boats in the med and a slow market, they'll still appear expensive to a UK buyer? I guess I can find out just by doing a Europe-wide search on the sales sites.


[/ QUOTE ]

Yup, Sterling has dropped about 15% against the Euro in the past year so any boat priced in Euros is 15% more expensive

 

[Ballistix]

It's true, that a boat, in fact any item is worth as much as someone is prepared to pay for it. The crunch comes when it costs more to manufacture the item than someone is prepared to pay for it of course..

 

[PowerYachtBlog]

[ QUOTE ]
It's true, that a boat, in fact any item is worth as much as someone is prepared to pay for it. The crunch comes when it costs more to manufacture the item than someone is prepared to pay for it of course..

[/ QUOTE ]

Yeah and the owner is always prepared to sell the boat as much as he wants, so like everything it is all about the right balance