First Quarter 2016 European Yacht Sales Continue Downward Trend
Calendar year 2015 was better than 2014 for brokers in Europe, however the first six months were better than the second half with the late year trend continuing in the first quarter of 2016. Overall boat sales declined in Europe during the first quarter with unit sale down 7 percent from 1,777 to 1,645 boats. Total price paid also declined by 9 percent to €330.2 million. Most of the decline in volume occurred in market segments below 35 feet where sales dipped by double-digit percentages.
Prices were also lower in all high-volume segments, especially among boats 26 to 35 feet down 17 percent from €61,500 to €51,300. Price rose in all segments above 45 feet, although the only segment that showed a rise in both volume and aggregate price was boats ranging 46 to 55 feet. Powerboat sales posted a huge drop, a volume reduction of 21 percent from 992 boats sold in the first quarter of 2015 to 784 in the first three months of 2016. Average prices increased 8 percent for powerboats while sailboat prices declined 2 percent.
At the same time, sailboat volume increased 10 percent to 861 units sold. One positive during the first quarter was the speed at which boats sold. The average days to sale dropped from 380 days in the first quarter of 2015 to 349 days in the first quarter of 2016, an 8 percent reduction.
Check out Hundreds Of New Yachting Articles Updated Daily On the 4Yacht Blog
4Yacht is a Professional Yacht Broker Located In Fort Lauderdale Florida and specializes in Yachts, Mega Yachts, And Super Yachts. Visit our website today to discover YOUR next yacht http://www.4yacht.com