Yachtworld Boat Sales (2024)

FAQs

Are boat sales declining? ›

But sales of big, new, fun stuff fell in 2023 to the lowest level in a decade: boats down 5%-25%, depending on the type, and RVs down 20% year over year, according to Recreational Vehicle Industry Association and National Marine Manufacturers Association year-end reports.

The World's Largest Network of yacht Buyers & Sellers

United Yacht Sales has the largest network of buyers and sellers worldwide than any other brokerage firm in the industry.

Owned by the Permira Funds, Boats Group is based in Miami, Florida, United States with co-headquarters in Fareham, England, and additional offices in Padova, Italy and Barcelona, Spain.

Opinions differ among boatowners and brokers on what constitutes a reasonable amount to spend on a yacht, but they seem to average around 5 percent of net worth as a good benchmark. That works out to $2 million in net worth if you want a $100,000 yacht.

That said, millennials face obstacles — cost, perception, and lack of mechanical know-how — and need the boating industry to nurture this fledgling fleet. (See "How To Help Get Young People Out On The Water" below for suggestions on what boaters and the industry can do.)

Whether you're dealing with a dealership or a private seller, there's often room for negotiation when buying a used boat. In the case of a new boat, terms may seem less negotiable. But you can lower the price by avoiding extra features, warranties, and prepaid maintenance plans, which can drastically increase costs.

The closest competitor to yachtworld.com are boats.com, boattrader.com and seamagazine.com. To understand more about yachtworld.com and its competitors, sign up for a free account to explore Semrush's Traffic Analytics and Market Explorer tools.

Koru is a luxury custom superyacht owned by Jeff Bezos, the founder of Amazon.

Upgraded boats tend to have higher resale values. From advanced navigation systems to upgraded interiors, these enhancements not only improve the boating experience but also contribute to a boat's appeal on the resale market.

Boat maintenance and repair costs

Typically, annual boat maintenance costs about 10 percent of the cost of the boat itself. For example, a boat that cost $20,000 to purchase would cost roughly $2,000 a year to maintain.

What is a good down payment on a boat? ›

Boat loan lenders typically want a down payment of 10% to 20% of the boat's purchase price, but this can vary based on the lender and the boat's cost. Although some lenders offer loans with 0% down, keep in mind that a down payment may lower your monthly payment and reduce the total interest you pay on the loan.

In summary, the outlook for the Boat market is optimistic, with sustained growth expected in the coming years. Increasing consumer demand, advancements in technology, and investments from key industry players are poised to drive growth and advance innovation within the market.

U.S. Recreational Boating by the Numbers

Annual U.S. sales of boats, marine products and services totaled $56.7 billion in 2021, up 12.7 percent from 2020. An estimated 1.15 million pre-owned boats were sold in 2021, up 9.2 percent over 2020.

depends. If you are asking financially, a boat is almost always a poor investment. But if you're asking for yourself, and how you want to spend your free time and your recreation dollars, look more closely at the costs versus what being on the water is worth to you.

Boat depreciation occurs the fastest during the first few years of ownership, and this trend is more drastic when you are buying a new boat. As a general rule, anticipate about 10% to 15% depreciation after the first year of use and up to 40% by the 10th year of use.