The month of May 2014 was an interesting one for the brokerage industry. According to the Trade Only Today industry report, the number of boat sales fell 3% in May when compared to May 2013.
However, the overall price paid for boats is definitely on the upswing, especially for any vessels 46-feet or larger. In fact, May was the second-highest single month in sales totals since 2008, coming in at $446 million, a 3% increase over last May. Powerboats saw a 5% decline, while sailboats over 26-foot and vessels in the 56- to 79-foot category saw 9% and 19% increases, respectfully. You can check out all the detail in the Trade Only Today article here.
Here at POP Yachts, we continue to scratch our heads at these wacky, inconsistent numbers: down in one sector of the market, slight increase in another. And it's a trend we've seen month over month, as we keep a close eye on the numbers, like we did in April.
When it comes to our numbers, we've only seen the bar go up. And up. And up. Just take a look at how our May sales numbers have come in since 2011:
May 2011: 22 units
May 2012: 42 units
May 2013: 120 units
May 2014: 176 units
When you see an 800% increase in four short years, you really have to wonder what's going on with the rest of the industry. The thing is, over these past four years, we've worked really hard to fine-tune the POP Yachts business model and increase and diversify the listings we offer.
When visitors use our "Vessel Search" on our home page or check our the recently listed and/or reduced prices in our Boats for Sale section, they quickly understand that POP Yachts is the largest listing broker around. Whether they're shopping for Sea Rays, Grady-Whites, Carvers or a variety of walkarounds or center consoles to choose from, they're sure to find the boat just right for them, and in the right price range, too.
So while the rest of the industry continues to find its footing in 2014, we've already surpassed where we were last year in the number of vessels sold and overall dollars. Our numbers are not wishy-washy and all over the place like the other brokerages. By the time 2014 closes out, we'll have blown the 2013 numbers out of the water. So don't let the rest of the industry numbers fool you. Our stats are going in one direction, and that's up.