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Post by Av8ator1 on Aug 12, 2020 13:57:41 GMT -5
Driving around you get to noticed the stock of boats most marinas keep on hand and in their showroom.
This year, everyone just about purchased a boat...our local marina is pretty much out of boats...down to only a couple.
Do you think the market got saturated?
What do you think the outcome is for next season?
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Post by lg260ss on Aug 12, 2020 15:04:15 GMT -5
I think due to the current craziness boat dealers are being very careful about having too much inventory. On the other side, the manufacturers are probably all running at 50% or less capacity, and the supply chain for everything is screwed up beyond belief.
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Post by Av8ator1 on Aug 12, 2020 15:20:55 GMT -5
I agree, I just hope we dont end up with alot of used boats flooding the market.
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Post by omarf4 on Aug 15, 2020 23:15:35 GMT -5
Low supply due to covid, no vacations, no trips for the summer and boating (RV’ing also) was/is a perfect way to spend the money and be socially distant. Boat demand went through the roof. Sold two boats in April for more than I got them for.
Boats aren’t sitting in the lots and the boating market blew up. All public boating companies (ONEW, BC) reported record breaking sales for q2.
Once the vaccine is out, same net new boaters will realize that extra boat payment is cutting into jimmy’s sports or jane’s band camp or family vaca to Europe, those boats will hit the used market. Bubble will burst.
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