is a new boat worth twice as much as 10 years ago

[nick_anderson]

I have now sold my boat and am toying with either buying a property abroad with a 'run around' or going bigger in the uk again.

Anyway although it is undoubtedly a buyers mkt why have new boats doubled in price over the last 7-10 years, the cranchi 34 i sold cost c£100k in 2000 - if i wanted to replace now it would be c£200k would it be twice the boat? have manufacturing costs doubled? i doubt it. in my view manufactures have been greedy and now the tide has turned maybe like the housing mkt it it will start to correct its self.

 

[Whitelighter]

Dont forget in 200 you were really buying in Lira (very very weak) or the new fangled euro thing (very weak).

Even last year the Euro was 1.4/1,5 to the pound, now a measly 1.18 so that on its own adds one third to the cost of anything built in the eurozone

To give you an idea, you can buy a new fully specced Zaffiro 34 from one of the dealers who has last years model in stock for £160k, and that has wizzy new engines etc that your 2000 model didnt

 

[nick_anderson]

what about sealine? similar comparison.

 

[Whitelighter]

Yes, and gone up by a smaller amount, though of course they are bought in £ striling which, for us hasnt changed.

Got a damn site cheaper for the euro biys though

 

[Nautorius]

...or an ex demo Z36 with wizzy engines and free mooring for a year for £169k!!! /forums/images/graemlins/smile.gif

 

[nick_anderson]

well imo still excessive vs other consumer goods.... weather it be cars etc.....

 

[Whitelighter]

Ok so dont buy one.

I would assume they are only charging what they can get away with. though that is probably about to change...

 

[Nautorius]

Hi shindig,

We have seen amazing boat inflation over the last 10 years driven by the increase in wealth (percieved?) of individuals. Small builders have become big builders with bigger factories, more management and much bigger Marketing costs. If the big boys rationalise their businesses like Sealine and fairline are doing I am sure they could knock 20% off across the range. Prosperity breeds inefficiencies...just look at the mess house builders are in!

I think we will see stagnation of boat prices for the next 3/4 years...possibly deflation in real terms. The second hand ones are already dropping.

So, if you want to buy a boat which will hold it's value...wait until the start of the next boom!!

Cheers

Paul /forums/images/graemlins/smile.gif

 

[nick_anderson]

thats my point what they can get away with - taking the p, and by the way i dont needyour advice what i should or shouldt buy.

 

[nick_anderson]

not sUre whether you got my pm - anyway i wasnt aiming my reply to u if thats how it comes across.
Nick.

 

[PowerYachtBlog]

one also cant forget the tripling price of resins in the last years, with oil staying at about 50US$ since 2005 that has also been a high cost increase

 

[Whitelighter]

The dont post quations on a public forsum if you arent prepared for answers you dont like.

 

[Nautorius]

Hi Shindig,

I have tough skin and didn't take your comments the wrong way! I was agreeing with you and trying to put forward a reasoned argument!

Cheers

paul /forums/images/graemlins/cool.gif

 

[gjgm]

well depending what inflation rate you want to use, an easy 30-50% of that is just ten years of inflation.
Add in higher materiel cost, labour charges, newer engines, more fancy fittings etc... not sure the manufacturers are getting that much more.

 

[Deleted User YDKXO]

10 yrs ago Sterling was worth about €1.60 - €1.70. Now it's worth less than €1.20 so that's 30% of the increase for starters. Add 4.5% inflation pa over 10 yrs and that's about 65% increase. So, it's easy to see how new boat prices have doubled over that period, particularly as on most new boats, the specification and finish has improved too. I don't doubt that manufacturers will have to hold back on price rises in the next few years but don't forget also that rising new prices support the secondhand market