Thread: Used boat prices, post COVID

Originally Posted by Lauries Hut

Looks like they’re starting to fall, and my prediction is it may be significant.
Spoke to a dealer last week who said he hadn’t sold a +$150k boat for nearly a year. During the lockdown boom, $300k boats were selling like hot cakes.
He’d heard Trev Terry marine were in trouble.

Alloy price was over $11/kg during covid time if you lucky enough to find anyone stock them,
now its $6.80/kg with abundant stock & price keep dropping.

It was Kev & Ian's a couple of weeks ago and now Trev Terry's following their footsteps
Yeah, things are not looking flash around.

I'm surprised it taking this long for the boat price to drop.

Originally Posted by Maca49

Most businesses are feeling the pinch I think, selling new houses is hard work, have mate in the business and it’s hand to mouth for him.

Yes, residential housing is abit slow but not for commercial properties in Auckland thou,
Auckland commercial still selling like hot cakes.

Originally Posted by MB

I agree. My inlaws have just been through the house buying thing. I would say that it's a buyer market despite how much the estate agents are talking it up.

Its a good time to buy and few bargain around if buyer can spot it & service the loan.