Welcome to the Hatteras Owners Forum & Gallery. Sign Up or Login

Enter partial or full part description to search the Hatteras/Cabo parts catalog (for example: breaker or gauge)
+ Reply to Thread
Page 3 of 6 FirstFirst 1 2 3 4 5 ... LastLast
Results 21 to 30 of 58

Thread: Prices

  1. #21

    Re: Prices

    Quote Originally Posted by Freeebird View Post
    Hi Spundraft,

    It’s hard for me to conceive a dealer taking a $500K hit (guesstimate) on that boat just to generate cash flow. Most dealers aren’t paying cash for their inventory, which makes it even more difficult to comprehend. It’s easy to see how an individual would take a hit on selling a used boat, and I know for fact that’s happening now.
    I think he's saying that the manufacturer authorized the reduction and is the one taking the hit. They need the money right now to get through this. It may not be about starting or finishing the next boat. It might just be looking to get anything possible to pay the overhead and stay afloat.
    Sky Cheney
    1985 53EDMY, Hull #CN759, "Rebecca"
    ELYC on White Lake--Montague, MI

  2. #22

    Re: Prices

    Quote Originally Posted by SKYCHENEY View Post
    I think he's saying that the manufacturer authorized the reduction and is the one taking the hit. They need the money right now to get through this. It may not be about starting or finishing the next boat. It might just be looking to get anything possible to pay the overhead and stay afloat.
    That would make sense, but I didn’t gather that from Scott’s original post.
    Randy Register - Kingston, TN
    www.yachtrelocation.com
    www.Safes4Guns.com
    aka Freebird aka Sparky1
    1965 41DC #93

  3. #23

    Re: Prices

    Pascal
    Miami, FL
    1970 53 MY #325 Cummins 6CTAs
    2014 26' gaff rigged sloop
    2007 Sandbarhopper 13
    12' Westphal Cat boat

  4. #24

    Re: Prices

    Quote Originally Posted by SKYCHENEY View Post
    I think he's saying that the manufacturer authorized the reduction and is the one taking the hit. They need the money right now to get through this. It may not be about starting or finishing the next boat. It might just be looking to get anything possible to pay the overhead and stay afloat.
    Often times in crisis small businesses need to operate at a loss as necessary to trade off cash flow in order to protect the long term viability of the enterprise. Cash flow is king in good times as well as bad.

  5. #25

    Re: Prices

    Quote Originally Posted by spindrift View Post
    Hi Firebird:

    The new boat building business is at times like a game of musical chairs. The builder has to sell the current boat (sometimes at a loss) to generate enough cash flow to pay his suppliers or labor in order to finish another vessel under construction.

    This is a vicious circle.

    Spin
    How’d that work out for Slane?
    "DON'T BELIEVE ANYTHING YOU READ OR HEAR AND ONLY HALF OF WHAT YOU SEE" - BEN FRANKLIN




    Endless Summer
    1967 50c 12/71n DDA 525hp
    ex Miss Betsy
    owners:
    Howard P. Miller 1967-1974
    Richard F Hull 1974-1976
    Robert J. & R.Scott Smith 1976-present

  6. #26

    Re: Prices

    Well I don't have proof, but it looks like the new and used boat business is doing quite well. I started looking for a 50ish Convertible in the Fall and I had several boats that I was
    watching which were all at the top of price listings for that model, so my theory was based on their listing times that they had to go down in price. I became super busy around Memorial Day and I was taken out of the market for almost 4 months. All of those boats are gone and appear to have brought a strong price. Additionally every clean candidate that has been listed during that time sold within a couple of weeks, and who knows how many sold off of Yacht World in a person to person transaction. All of the Boat Dealers here are very thin on inventory which consists of mostly pleasure craft under 30 feet. I have read that the GLs area is seeing the same thing. The Coast Guard is busier than ever also.

    As a side note I have a friend that is a distributor in the bicycle industry he claims a couple of months have already topped all of last year in sales. I guess the outside is the new hot ticket. The parks and the lakes are slammed here.

    I predicted just the opposite and sat on the fence, I was wrong.
    Eddie Clemons Nashville, TN Southern Pride 1988 52CHATCS441K788 2004 Caterpillar 3406e's

  7. #27

    Re: Prices

    I am a Marine Surveyor and am turning down about 4 to 5 surveys a week because I am so busy. Boat sales in Calif. are up 70% from this time last year and brokers are running out of inventory. However I don’t see that prices have gone up much but most are selling very near asking price. John
    Mahalo V
    1974 53 Motoryacht
    Hull Number 406
    San Diego, Ca. Ready 32 Nordic Tug, Brunswick Ga.

  8. #28

    Re: Prices

    I don't know what you guys are talking about. Here in South Florida, boating is about the only escape from Covid-19 remaining. We normally have an inventory of 20-30 late model used boats at our marina. (25-35ft). Right now? ZERO. We have been out trying to buy every decent boat we can find just for inventory, and they sell as quickly as we can detail them an put 'em on the lot. With bigger boats, our boat yard just had the busiest May, June and July we've ever had. Our service department is 3 weeks behind. Docks are full. I don't have an explanation.

  9. #29

    Re: Prices

    Gonna be a lot of used boats for sale two years from now when people realize it takes ongoing maintenance, money, insurance etc and thus $$$.

    Hope they won't be too neglected.

    We're seeing the same thing in the RV end of things, and judging by the questions these people have never been in one.
    1978 53' Motor Yacht "LADY KAY V"
    Hull number 524
    Chesapeake Bay

  10. #30

    Re: Prices

    I had a broker walking down out gated dock knock on our boat and ask if we were interested in selling the '53. He has two buyers looking. I'm also a sailor and sold my 1973 classic plastic Tartan 30 at full asking price in 2 weeks. I put bids in on two larger sailboats and lost out on both. One sold at full price NO contingencies or survey. The other also sold at full price. It is a crazy market out there. I too wonder how prices are going to look 2-3 years from now when all the new buyers realize just what it takes to properly maintain a boat.
    John Novotny
    1979 53 MY "Serenity" #567
    Baltimore, MD

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts