Why do boat dealers drop prices in winter?

Other information from industry insiders says that dealers often drop prices in winter (Q3), boosting demand. Furthermore, the majority of boat shows in Australia take place over the cooler months, such as the Sydney International Boat Show which runs from July 28 – Aug 1 this year.

Why did boat prices go up in 2021?

The average prices of fiberglass outboard boats went up by an average of 7.5% and sterndrive boat prices increased 14% in 2020 over the previous year. Worldwide supply issues, consolidations among equipment suppliers and boat brands and labor shortages, among other things, contributed to even higher boat prices in 2021.

Why are used boats so expensive?

This surge in demand for both small day boats and larger liveaboard vessels, and the constricted production of new boats, led to a shortage in the pre-owned market, and as a result, prices for used boats escalated. If you were a boat seller, this presented a favourable environment to achieve a higher price for your vessel.

How does supply & demand affect boat prices?

Also, sales of boats in this category has dropped, releasing pressure on supply. The average price for engines for the 35,000 300-hp and over outboard engines sold was $25,600 in 2021, up 8% from 2019. Supply and demand has a limited effect on new boat prices other than in the short term with “mass-market” brands.