Will boat prices go down in 2023?

Based on boating industry trends in the past two years and the continuous rise of the boating market, the short answer is that boat prices are highly unlikely to go down in 2023 due to pandemic-caused supply chain disruptions and the continuing popularity of boating in general. Read on to know the exact explanation for this trend.

What are the most promising boating industry trends in 2023?

In fact, one of the most promising boating industry trends in 2023 is the rise of the used boat market. This is mostly dictated by myriad factors such as boat owners who rode the pandemic bandwagon and bought boats but are looking to sell them now with the roads slowly reopening.

Will used boat prices burst in 2020-21?

The bubble for used boat prices seen in 2020-21 has well and truly burst! Brokers and dealers indicate a significant increase in inventory, a longer time to sell, and the need for more and greater discounting to achieve a sale.

Will boating sales increase in 2022?

The 2022 boating industry forecast points toward a hefty 2% rise in boating sales. It doesn’t help that marketers are continuing to innovate the way they draw new people into boating, usually through subscriptions and membership in boat clubs.