What are the new boat price trends?

Some key new boat price trends: New boat prices increased 10% on average in 2022 and are forecast to rise another 2-5% in 2023. Popular brands and models may have waitlists extending into 2024, sustaining high prices. As supply chain issues ease, price growth may moderate but overall remain elevated over pre-pandemic levels.

Why are boat prices so high?

Supply Chain Issues – Shortages of materials like fiberglass along with labor shortages have constrained production. As supply chain problems persist, boat prices will stay elevated. High Inflation – With inflation at 40-year highs, the rising costs of materials, labor, transport will keep upward pressure on boat prices.

Will boat prices go back to the 'before times'?

The honest answer is most likely no; the prices for boats will never go back down to the prices we had before the pandemic. Prices for boats may stagnate, but I don’t see prices going down to the “ before times “. Why Are Boat Prices So High?

How much does a used boat cost?

This shortage of used boat inventory will persist, creating upward price pressure. Well-maintained used boats can sell for 50-80% of their original retail price depending on age. For context, a 5 year old 25-foot center console that originally sold for $100K can fetch $60-80K on the used market.