Luke Brown News

Q1 2017 MARKET INDEX BY YACHTWORLD

July 06, 2017

In the first of our quarterly editions on the YachtWorld Market Index in 2017, we report that sales volumes made strong gains both in Europe and the United States.  And on a percentage basis, the total price paid for the boats rose by even more.

As always, there's nuance to the numbers, and a good example is found in our report on the UK market, which reported four straight quarters of growth. The data shows increases in both power and sail segments, yet by length, not all were equal.  Interviews we conducted with brokers also described the style and brands of boats that sold best.

Speaking of brands, once again, we report on the top 10 brands in the top 16 classes from the U.S. and Europe, focusing on sales in the first quarter only.

US & EU BROKERAGE COMBINED SALES

All sales data in this edition of YachtWorld Market Index is derived from SoldBoats, the proprietary database of YachtWorld member brokerages.

US & EU TOTALS  
Q1 2016  Q1 2017
$1.04 BILLION  $1.33 BILLION
7,205 BOATS  7,525 BOATS
US TOTALS  
Q1 2016  Q1 2017
$702 MILLION  $904 MILLION
5,562 BOATS  5,709 BOATS
EU TOTALS  
Q1 2016  Q1 2017
$344 MILLION  $426 MILLION
1,643 BOATS  1,816 BOATS

 

 US: Q1 MARKET REVIEW

Many brokers were pleased with their sales results in the first quarter of 2017.  The volume of U.S. brokerage sales increased moderately in January and February compared to 2016, and despite a slight downturn in March, total volume for the three months was 3 percent higher.

The total value of sales for the first quarter of 2017 increased every month and totaled $904 million, up $702 million, according to broker reports in SoldBoats, the proprietary database of YachtWorld member brokerages.

The strongest volume gains for the quarter were in the 26-foot to 35-foot size range, with 2,118 boats sold, up from 1,942. Value increases were registered in nearly all size ranges, and while the superyacht segment of boats 80 feet and longer gained the most (up by $132 million), several other size ranges showed increases of $20 million or more.

 

US OVERALL SALES    
     
COMBINED Q1 2016 Q1 2017
BOATS SOLD 5,562 5,709
VALUE OF BOATS SOLD $702 MILLION $904 MILLION
AVG BOATS VALUE $126,191 $158,371
AVG DAYS TO SALE 254 247

 

POWER Q1 2016 Q1 2017
BOATS SOLD 4,534 4,676
VALUE OF BOATS SOLD $628 MILLION $817 MILLION
AVG BOATS VALUE $138,533 $174,810
AVG DAYS TO SALE 240 232

 

SAIL Q1 2016 Q1 2017
BOATS SOLD 1,028 1,033
VALUE OF BOATS SOLDS $73.8 MILLION $86.7 MILLION
AVG BOATS VALUE $71,758 $83,959
AVG DAYS TO SALE 319 315

Powerboat sales accelerated by 3 percent, with 4,676 boats sold, while sailboat sales of 1,033 boats were even with 2016.

Making strong gains were center consoles, power cruisers and saltwater fishing boats. Declining sales occurred among bowriders, sportfishing boats, and cuddy cabins.

Four of six size range made gains, with two of three high-volume segments making solid progress. As mentioned, boats 26 to 35 feet gained the most - 176 boats - and boats 36 to 45 feet increased by 36 boats.  The two sizes with lower sales for the quarter were boats under 26 feet and boats 56 to 79 feet.