Used Boat Prices Falling

[Steve B.]

Wow on that LSV.

[oldjeep]

Meanwhile, locally people are actually ordering Yamaha jet boats because the local dealer has no stock.

[AWADD09]

On 10/5/2023 at 6:15 PM, hunter77ah said:

I am not saying I don't believe you, but can you point to a dealer that is closing?  I'd be curious to see what it looks like?

Dealer by us sterling marine either lost or forfeit their MC franchise.  They did pick up Supra though as they were already selling moombas. 

Edited October 8, 2023 by AWADD09
Spelling

[AWADD09]

On 10/2/2023 at 8:25 PM, wakesonthesnake said:

The other day I was on a jobsite and there were eight white and three black F or E series Fords, nothing else.  Not unusual around here. Funny how it is regional. 

Boat prices are falling here a bit quicker than F series pickups.

I think ford just announced another MSRP increase on trucks 

[IXFE]

On 10/6/2023 at 11:40 PM, Sixer said:

Such a huge shift in the market........wasn't that long ago we couldn't get anything, and everything people "needed" was stuck on a ship sitting in the Pacific waiting to go to port.  Now we have everything everyone wants (but at inflated prices), and it's still causing problems.  

And all because we just HAD to cure a pandemic. Genius

[spikew919]

Just Gona drop this right here for anyone not paying attention since 2019. https://www.cnbc.com/2023/01/16/richest-1percent-amassed-almost-two-thirds-of-new-wealth-created-since-2020-oxfam.html

[IXFE]

On 10/2/2023 at 3:15 PM, oldjeep said:

Oddly enough - MN, home of Ford to some extent is the place where the F150 is not the most common (new) truck.  I suspect that has to do with their whole little engine turbo obsession and how much turbo engines love MN winter weather.  They were much more common when their trucks were mostly V8.  Around where I live, it is a pretty even split between Ram and GMC.  Work trucks tend to be mostly Ram and Chev.

Quick fact check: #1 selling vehicle in MN:

* Ford: Road & Track

* Chevrolet: JD Power

* Ford: iSeeCars

* Ford: Bumper.com

* Ram & GMC: @oldjeep

 

[bcoppess23]

7 hours ago, IXFE said:

Quick fact check: #1 selling vehicle in MN:

* Ford: Road & Track

* Chevrolet: JD Power

* Ford: iSeeCars

* Ford: Bumper.com

* Ram & GMC: @oldjeep

 

Since when do we site our sources in this thread?

[oldjeep]

5 minutes ago, bcoppess23 said:

Since when do we site our sources in this thread?

LOL - sorry.  My source is looking at the vehicles passing by in the area that I live in

I suspect that the areas most Malibu owners live in also have more GMC than Chev trucks - but maybe not.

And using my method, I guess you would be convinced that the only thing Ford is selling is Raptors.

 

Edited October 10, 2023 by oldjeep

[spikew919]

16 minutes ago, bcoppess23 said:

Since when do we site our sources in this thread?

Since some folks always calling @Hulk for no sources.  🤷🏻‍♂️ heck then they get butthurt when it turns out true 🤣🤣

[bcoppess23]

33 minutes ago, spikew919 said:

Since some folks always calling @Hulk for no sources.  🤷🏻‍♂️ heck then they get butthurt when it turns out true 🤣🤣

HA that was my point exactly and meant as a tease..  I know @IXFE follows this thread enough that he had to go "off script" from @The Hulk to bring some sanity back to this for those that like links.. 

[redrooster]

14 hours ago, spikew919 said:

Just Gona drop this right here for anyone not paying attention since 2019. https://www.cnbc.com/2023/01/16/richest-1percent-amassed-almost-two-thirds-of-new-wealth-created-since-2020-oxfam.html

Yep.  I bet Pfizer made a killing.  

[UWSkier]

3 hours ago, redrooster said:

Yep.  I bet Pfizer made a killing.  

Many killings, as it turns out.

[The Hulk]

Sources / Fake news ... overrated  😂

 

[The Hulk]

Hey I got notice, make any reasonable offers on 23s ! They gotta go! 

Hmmmm... define... reasonable 😂

[MikeR397]

5 minutes ago, The Hulk said:

Hey I got notice, make any reasonable offers on 23s ! They gotta go! 

Hmmmm... define... reasonable 😂

Considering they want what, $450 for the stainless cup holders on an axis…

[spikew919]

🤔🤔

[ahopkins22LSV]

Just food for thought, 291k msrp at 25% discount is 218.25k, 69.25k depreciation over 3 model years and 217 hours. Or 23k/ year, or about 16-17k per 50 hours. Is that really what we are calling a used market crash? Or just returning to normal? Personally I think we all got really used to looking at highly inflated used boat pricing from 2020 until now ish. 

[Steve B.]

Yowie somebody's gonna get a gorgeous M240 for a good price. This has to be a great time for used folks to upgrade to less used like above ^

[spikew919]

37 minutes ago, ahopkins22LSV said:

Just food for thought, 291k msrp at 25% discount is 218.25k, 69.25k depreciation over 3 model years and 217 hours. Or 23k/ year, or about 16-17k per 50 hours. Is that really what we are calling a used market crash? Or just returning to normal? Personally I think we all got really used to looking at highly inflated used boat pricing from 2020 until now ish. 

I thought this thread was “Used Boat Prices Falling”? I could be wrong. 🤷🏻‍♂️🤣

[The Hulk]

IMO These used deals will become more the norm.. further pressure on mfgs .. 

I now know several folks pondering dumping their toys, the current hold up is the crazy price of new, and the thought of getting back in later in the coming years... But they are somewhat wanting/maybe neediing the cash .. older kids/university, less use of boat etc.. 

I'm shocked boat mfgs have not had major layoffs yet.. or perhaps they are like most and keep it on the downlow and we just haven't seen it published? 

[oldjeep]

Boat deal time is just about over in MN.  With everything going into storage over the next couple weeks, most won't be for sale again until spring.

[Steve B.]

Was surprised at the low inventory at the local dealer, but not sure if that is typical for this time of year. Used and new prices staying fairly inflated, but low inventory may be why ?

[Joshuntnd]

Did you also notice that your Medium Diet Pepsi was in what was a small size last year. 

[redrooster]

I am sure this is nothing.  

 

https://www.bloomberg.com/news/articles/2023-10-21/high-car-loan-interest-rate-payments-americans-struggle-with-monthly-bills?leadSource=uverify+wall#xj4y7vzkg