State of the Market.

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oldgit

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Skipper who moors downstream from me has a pretty peachy Princess 45.
It is maintained in tip top condtion, including the very latest in electronics. Recently at a loose end , he cleaned out the diesel tanks as one does , due to not much else needed doing.
Not just a marina queen,either, probably the most used boat in the entire club.

Boat was bought from ANCASTA some time ago, they have rung him twice recently ,stating they have buyers lined up , name his price.
The boat is NOT for sale and even if he got silly money , there is nothing out there to buy .
On the other hand we do have a number of older boats from the 1970s ' early 1980s that are going to be hard to shift unless the sellers get very realistic indeed about asking prices.
Anacasta suggested that there is stuff on the market but anything decent and popular will go quickly, its only the overpriced and orphan boats with problems that remain.
 
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We have had the same, we bought our boat Sept last year and the dealer who sold it to us has nicely said, we could sell your boat this weekend many times over.

I think it’s the same with caravans, motorhomes etc
 
The downside of the current situation is that marinas are filling up, visitor moorings are becoming scarce and decent anchorages crowded. On the first two the inevitable consequence is that prices will increase. For long standing boaters who have no desire to sell the upside isn’t immediately obvious. ?
 
Greg2 said:
The downside of the current situation is that marinas are filling up, visitor moorings are becoming scarce and decent anchorages crowded. On the first two the inevitable consequence is that prices will increase. For long standing boaters who have no desire to sell the upside isn’t immediately obvious. ?
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Like so many other things it will soon calm down.

For information I have a marina mooring, Swing mooring, Dingy park licence and Park and Launch pass:

Marina mooring - Only modest Price increase over last year and indeed the previous year. Seemed reasonable
Swing Mooring - Price exactly the same as last year and the previous year
Park and Launch - Price exactly the same as last year and the Previous many years
Dingy Pass - Price exactly the same as last year and the Previous 10 years

I think the situation will vary a lot around the country. Sensible people will realise not to alienate their core customers because this will always be their steady income.
 
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I've been looking around and there's very little to be had. That doesn't mean I'll pay over the odds but there are always people that will (just look at the Rolex 2nd-hand market!).

The problem here is that there are no berths available to put your boat on anyway - marinas are upping their prices accordingly...
 
I was contacted by the broker that we bought from a few weeks ago (Boat bought 3 years ago !! ) to see if I wanted to consider selling her, he thought I would be able to get up to 20K more than i paid for her. Crazy Crazy! only good if you want to leave our beloved hobby !!
 
Reality61 said:
I was contacted by the broker that we bought from a few weeks ago (Boat bought 3 years ago !! ) to see if I wanted to consider selling her, he thought I would be able to get up to 20K more than i paid for her. Crazy Crazy! only good if you want to leave our beloved hobby !!
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Friend of mine is trying to get back into Porto Petro, no chance.
He gave up a neat little berth when he sold his last boat.
Totally lost confidence and fed up with spending time and money trying to sort a problem with the electronic engine management system.
 
Greg2 said:
The downside of the current situation is that marinas are filling up, visitor moorings are becoming scarce and decent anchorages crowded. On the first two the inevitable consequence is that prices will increase. For long standing boaters who have no desire to sell the upside isn’t immediately obvious. ?
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I dont understand that. If boats are being sold easily why does that fill up marina spaces? They occupied one space before they were sold and they are still occupying one space after they are sold. Yes I can understand that a few sold boats will have been on the hard whilst they were up for sale and they are now back in the water but surely that wont amount to a huge number of boats that are suddenly back in the water? And if decent anchorages are crowded surely that means fewer boats in marinas and more visitor spaces!

If there are people who have decided due to Covid that the boating life is for them, I can't see that lasting long. When life and overseas travel returns to normality those boats will be back on the market with a few new boaters ruing the holes burnt in their wallets!
 
I think new boats might be selling well too. Ideal boats for example i understand have been selling Finmasters and new Saxdor models quicker than they can get them delivered.
 
sarabande1 said:
I dont understand that. If boats are being sold easily why does that fill up marina spaces? They occupied one space before they were sold and they are still occupying one space after they are sold. Yes I can understand that a few sold boats will have been on the hard whilst they were up for sale and they are now back in the water but surely that wont amount to a huge number of boats that are suddenly back in the water? And if decent anchorages are crowded surely that means fewer boats in marinas and more visitor spaces!

If there are people who have decided due to Covid that the boating life is for them, I can't see that lasting long. When life and overseas travel returns to normality those boats will be back on the market with a few new boaters ruing the holes burnt in their wallets!
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The visitor berths and anchorages thing is about people spending more time on their boats because foreign holidays aren’t an option at the moment. We spent a couple of months on the south coast last summer when we bought our current boat and getting an overnight berth was challenging and popular anchorages like Newtown Creek were rammed.

I guess the marinas filling up is because there are less boats sitting on brokerage? It is reality though - see the other thread on Poole marinas being full. Our marina is also full with a waiting list - not had that for a long time.
 
Although there are quite are boats ashore there seem to be some vacant mooring spaces .
A few boats have moved away . However it will take until the end of May to understand if the maria is full or not as new boats may arrive in the next couple of months as they usually do.
For anyone thinking of to getting out of boating now is the time .
 
It's the same story in Denmark and Sweden. There are now several brokers who have had zero stock for many months, while the buyer-lists just keeps on growing.

I am very interested in learning how the manufacturers have been doing since the crisis started in March/April 2020. Does anyone know if the orders at say Princess/Sunseeker/Fairline are also through the roof? We only have few new-boat manufacturers in Denmark, but I know that they had a very very good year in 2020.
 
MartynG said:
Although there are quite are boats ashore there seem to be some vacant mooring spaces .
A few boats have moved away . However it will take until the end of May to understand if the maria is full or not as new boats may arrive in the next couple of months as they usually do.
For anyone thinking of to getting out of boating now is the time .
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Now might be the time but that is based on what you know now...... Maybe 'the time' might be another year for a different reason..... No one can know
 
I don’t think the market will “collapse“ as such as it’s so much smaller now with brexit VAT etc....

has people’s psyche changed for the medium term too? More family time, less travel abroad? Perhaps the opposite.....too much family time recently and everyone wants to leg it! ?
 
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