Complete Story
 

06/14/2013

Q1 Brokerage Sales Decline; Values Increase

YachtWorld’s Q1 2013 Market Index U.S. reports that unit sales declined in the U.S. brokerage market during the first quarter of 2013 compared to the same period in 2012. According to YachtWorld member brokerages reporting in SoldBoats.com, their proprietary database, aggregate sales for the three months were off by 5 percent, with 5,905 boats changing hands.

Overall sales were down 5 percent, with 7,636 boats sold. The surprising figure is the aggregate price paid for those boats sold, which increased from $1.21 billion to $1.27 billion. Although the total value of sales declined 20 percent in Europe from $412 million to $330 million, the value of sales increased in the U.S. by a larger amount, $136 million. In sum, the price paid for the boats sold on both continents increased by $54 million. It should be pointed out that the gain was somewhat reduced by the strengthening of the US dollar against the Euro from the first quarter of 2012 to the first quarter of 2013.

View complete Report here.

Printer-Friendly Version

0 Comments