Used boat sales on the rise, claims YachtWorld Index report
Motorboat & Yachting: Worldwide used boat sales have risen by 2.6% in value over the past nine months, according to the latest report from YachtWorld.
The used boat market is growing, according to the latest YachtWorld Market Index report, which shows a 2.6% year-on-year rise in the total value of used boat sales over the past nine months.
What’s more, the report also shows an increase in the total number of used boats sold, which is up by 7.8% for Q1-Q3 2015 to 30,450 models changing hands.
Breaking down the figures, the US used boat market saw a 4.7% rise by value, whereas in Europe the increase was just under 2.3%.
Looking at the specific motorboat brands, Jeanneau was the most popular, with 93 models changing hands on YachtWorld in the past nine months, ahead of Fairline and Sealine who were tied on 85 each.
All of the key British brands fared well overall – the 55 Princess Yachts sold were worth the most, with a combined total of €11.58m in value, while Sunseeker fetched the highest average price of €864,986.
Jeanneau models were found to change hands the quickest of the top brands, with an average time to sale of 241 days, which is well below the overall average of 326.
John Burnham, managing editor of YachtWorld, said of the report: “Small but steady gains were the norm in the yacht brokerage market in the US and Europe.
“Superyacht sales drove higher total market spending in Europe, but across the Atlantic it was 36-79ft boats pushing the total value higher.”