I would not be so sure about boats selling fast. I think with higher interest rates and the increased prices of gas, heating fuel, and food the economy is really slowing down and many people don't have the extra money for things like boats and vacations..
One New Hampshire marina I spoke with sold less than half of the dollar amount this year that they did at the previous Boston Boat Show.
I have a 25 foot pontoon boat in Florida on Craigslist, Boat Trader, and Facebook Marketplace and in a month I have had no serious inquiries. It is a 2022 priced at about 70% of a new one.
A weekly rental I have on Winnipesaukee still has open weeks this summer and by this time of year I usually have waiting list. Bike week is still open.
The car dealer lots that were nearly empty have started filling up with new cars. Because of the high interest rates, which have an effect on sales, manufacturer's are starting to advertise financing deals.
I think the slowdown the Fed has been working towards has arrived.
|