2018 Boating Industry Update
Strong boat sales continued through February 2018 despite challenging weather through the country. Overall boat sales were up 1.1 percent across all categories (according to Statistical Surveys Inc. Data from 28 early reporting states).
Weather has affected sales as Florida and Texas, typically the top two states for sales, were down for the month of February. California, Georgia and Washington offset this as sales rose in these three states.
2017 Yacht Industry Overview
2017 was a strong year for powerboat sales as the main segments grew 6.8 percent in the fourth quarter for all states and 5.2 percent for the entire year (according to data from Statistical Surveys Inc.). For 2017, 41 – 65 foot yachts were down 7.6 percent in year over year growth while semi-custom and customer yachts 66 foot plus were up 10.3% with 160 yachts sold.
2017 Southeast Florida Megayacht Overview
Mega yachts 80 foot plus in length in the Broward-Miami-Dade-Palm Beach region waters increased from 1,500 in 2007 to 1,800 in 2017. This region continues to lead worldwide growth in mega yachts. Worldwide the mega yacht fleet has nearly doubled from 1997 to 2017 as new construction, brokered sales of new and used mega yachts and yacht charter activity continued to grow. Since 1997, nearly 13,000 new mega yachts have been built with more than 8,500 of those being constructioned since 2007.
Mega yacht business in Southeast Florida is strong and MarineMax has five locations of our total 62 stores in this region alone so we can provide exceptional service to our yacht customers. In addition to new and used yacht sales and brokerage services, the MarineMax Yacht Charter team is based in Ft. Lauderdale offering yacht charters, charter management and crew services.
MarineMax Yacht Brokerage Service utilizes the most comprehensive and sophisticated marketing tools that exist in the marine industry. Our cutting-edge technologies provide the widest and most immediate advertising for our listings. Our more than 100 yacht brokers are experience professionals providing personal brokerage services representing buyers and sellers. MarineMax on average lists over 800 brokerage yachts and boats with a team of over 1,600 across the country that includes over 650 service and parts team members to support our owners and their yachting lifestyle.
As a result MarineMax sells brokerage boats twice as fast and gets more money for our listings.