New Fairline Targa 43 Open

PowerYachtBlog said:
They where selling the same when they went bust a couple of years ago.
Yes dealers are pushed the buy models (at least one) to push the brand, but if it can't sell the sorry I can't buy another one will keep on happening.

I am not saying it want sell, all I am saying is that be careful when a boat is selling because dealers ordered one or two on stock.
While many builders do this, I think it never really worked well in the boating industry.
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I appreciate that it's firmly established that everyone on the YBW forums knows far more about the marine industry than the people actually in it, but surely even those silly boat dealers wouldn't buy half million pound stock boats that won't sell?
 
petem said:
Bathing platform will take a jet ski. The garage contains a Williams 280 tender.
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The boat show boat had a hi-lo platform and the lowering part was quite narrow. Fitting a jet ski on it sounds impractical. I wonder why they didn't make it a foot or two longer. Saving it for future release of Targa 45 must be the obvious answer, i guess.
 
ari said:
I appreciate that it's firmly established that everyone on the YBW forums knows far more about the marine industry than the people actually in it, but surely even those silly boat dealers wouldn't buy half million pound stock boats that won't sell?
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No they think it and I am sure it will. But what I am saying is that you cannot really know a success of a model because fifty dealers ordered a model each and Fairline has sold fifty units based on this.
It is early days to know if its a success or not. That is unless I am seeing or I have official data that proves that most of these boats are sold to real people Not dealer trying to sell them.

I used to work for the local Ferretti dealer in 1997 and back in the Genoa Annual dealer meeting it was pointed to us that they wanted nothing to do with speculation orders.
Even when I was selling a 53 back then, and I wanted to keep him a build they wanted a confirmation and a signed contract with deposit from the seller straight away.
They gave me 24 hours to work the client who wanted a sea trial with a sister yacht, to keep me hull number eight.

I think with the volatility of the boating market this is a system which works better.
Infact before Norberto started messing with fancy finance in early 2000s he has been bullet proof even during the Italian luxury tax of 92 to 94, or the recession which followed 9/11.
 
PowerYachtBlog said:
No they think it and I am sure it will. But what I am saying is that you cannot really know a success of a model because fifty dealers ordered a model each and Fairline has sold fifty units based on this.
It is early days to know if its a success or not. That is unless I am seeing or I have official data that proves that most of these boats are sold to real people Not dealer trying to sell them.

I used to work for the local Ferretti dealer in 1997 and back in the Genoa Annual dealer meeting it was pointed to us that they wanted nothing to do with speculation orders.
Even when I was selling a 53 back then, and I wanted to keep him a build they wanted a confirmation and a signed contract with deposit from the seller straight away.
They gave me 24 hours to work the client who wanted a sea trial with a sister yacht, to keep me hull number eight.

I think with the volatility of the boating market this is a system which works better.
Infact before Norberto started messing with fancy finance in early 2000s he has been bullet proof even during the Italian luxury tax of 92 to 94, or the recession which followed 9/11.
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I understand what you're saying of course, but perhaps 50 dealers buying boats suggests that those at the sharp end don't believe they're hopelessly over priced?
 
ari said:
You think that Fairline hand out half million pound boats like Smarties to their dealers and just say 'hey, if you sell one, drop us a cheque would you?'
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You're saying that as if it never happened, in this industry (not talking of FL specifically, mind).
 
scubaman said:
Fitting a jet ski on it sounds impractical.
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I was in fact puzzled about that, judging from the pics alone. Then again, I did't see why not to trust petem explanations.
Maybe it can take one of those small stand-up jetskis, 'dunno...
 
PowerYachtBlog said:
I used to work for the local Ferretti dealer in 1997 and back in the Genoa Annual dealer meeting it was pointed to us that they wanted nothing to do with speculation orders.
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Interesting jump in the past. Goes to prove how nothing is carved in stone, I reckon.
Just think of how afterwards they even established a specific company to handle the very speculative commercial operations, letting it go into bankruptcy as soon as the wind changed! :ambivalence:

Actually, back in the days you mention, I believe that their non-speculative approach was mostly driven by the simple fact that the demand exceeded the offer, more than any more or less ethical reasons... :rolleyes:
 
MapisM said:
Actually, back in the days you mention, I believe that their non-speculative approach was mostly driven by the simple fact that the demand exceeded the offer, more than any more or less ethical reasons... :rolleyes:
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For the times before the bubble (cirica 2005/6) I think it was always there approach.
They saw Mochi Craft having a difficult time surviving and just making it in 94 and in 1999 eventually Mochi did go down for the same reasons.

I think it was a sound approach for them, Ferretti which worked well over the years.

Still Ferretti was in the lower ladder of speculative building. They where doing it but not as much as you would think.
What put Luxury Yachts down and Ferrretti with it was the trade-in return price, leasing transfers etc and the fact that from 2006 till 2009 used boats where not selling because of the cheap non interest rates given to new leased boats. I think the problems surrounding Ferretti and Sunseeker where very similar, SS having problems with its SS London Sales subsidiary and the over stocking of used boats.
 
PowerYachtBlog said:
For the times before the bubble (cirica 2005/6) I think it was always there approach.
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Well, those were still years of high demand... No big surprise there.
Otoh, I have it on good authority that LYC wasn't shy of using tricks like the in-build leasing etc.
And having spoken with their official receiver, I can tell you for sure that he would have loved to involve the real mother company, if it weren't that formally there wasn't one... :ambivalence:
 
jrudge said:
Just reading the magazine.

Predator 50. Sports boat. £810k , as tested £979,790 inc vat.

Clearly I am out of touch with prices and it makes the 43 a veritable bargain!
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Mine will stand me in £350k when finished, is virtually a new boat now & described as mint with every conceivable extra inc seakeaper.
And its faster as well as probably more stable with seakeeper off.
 
PowerYachtBlog said:
For the times before the bubble (cirica 2005/6) I think it was always there approach.
They saw Mochi Craft having a difficult time surviving and just making it in 94 and in 1999 eventually Mochi did go down for the same reasons.

I think it was a sound approach for them, Ferretti which worked well over the years.

Still Ferretti was in the lower ladder of speculative building. They where doing it but not as much as you would think.
What put Luxury Yachts down and Ferrretti with it was the trade-in return price, leasing transfers etc and the fact that from 2006 till 2009 used boats where not selling because of the cheap non interest rates given to new leased boats. I think the problems surrounding Ferretti and Sunseeker where very similar, SS having problems with its SS London Sales subsidiary and the over stocking of used boats.
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I recall seeing approx 40 used Alcon boats dry stored near Messina at that time. So these were likely the result of not selling due to cheaper leasing
 
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