Will boat prices remain high in 2023?

Savvy buyers should watch for potential sales and incentives during boat shows and end-of-season clearances to get the best deals. But overall, boat prices will remain high compared to historical levels for the remainder of 2023.

What happened to second-hand boats in the first quarter of 2023?

Brokers for second-hand vessels, however, are reporting that sales in the first quarter of 2023 are significantly down compared with the same period in 2022 . Inventory levels are twice as high as the previous year, boats are staying on the market longer, and more price reductions are being made to make the sale.

Will boat shows reopen in 2023?

With many primary boat shows reprising their activity for the first time in three years in 2023, boat builders have reported high order levels for new boats placed at Boat Shows in Europe and the USA in 2023 so far, and the Global Order Book for superyacht builds is at a higher level than any pre-CoViD year.

Are boat prices going up in 2021?

In the two-year period from 2019 to 2021 boat prices jumped 20% overall with inboard cruisers, the largest boat category, increasing 32.8% for the period. On average, boat prices increased another 10% in 2022, so the question begs, where are boat prices going this year?