• Welcome to Jetboaters.net!

    We are delighted you have found your way to the best Jet Boaters Forum on the internet! Please consider Signing Up so that you can enjoy all the features and offers on the forum. We have members with boats from all the major manufacturers including Yamaha, Seadoo, Scarab and Chaparral. We don't email you SPAM, and the site is totally non-commercial. So what's to lose? IT IS FREE!

    Membership allows you to ask questions (no matter how mundane), meet up with other jet boaters, see full images (not just thumbnails), browse the member map and qualifies you for members only discounts offered by vendors who run specials for our members only! (It also gets rid of this banner!)

    free hit counter

Have used boat prices peaked?

biffdotorg

Jetboaters Admiral
Messages
3,363
Reaction score
3,674
Points
357
Location
Pelican Rapids, MN
Boat Make
Yamaha
Year
2011
Boat Model
Limited S
Boat Length
24
Yeah Ive seen some fair deals and they are still not selling. I know the sx190 is not super popular but I personally looked at this one and its super clean. Its been for sale for 2 months. at a dealer you are going to be $36k plus and shipping and prep fees.

The facebook group posts of 2012 SX190's asking $26K just make me laugh out loud. I remember when 2012's were selling for $13K as everyone wanted an AR, and they were asking $14K. 19' boats should not be asking more than $20k this time of year. Hey, if they get it, more power to them. I think they will die with them.
 

BlkGS

Jetboaters Captain
Messages
2,013
Reaction score
1,445
Points
232
Location
Melbourne, FL
Boat Make
Yamaha
Year
2007
Boat Model
SX
Boat Length
23
The facebook group posts of 2012 SX190's asking $26K just make me laugh out loud. I remember when 2012's were selling for $13K as everyone wanted an AR, and they were asking $14K. 19' boats should not be asking more than $20k this time of year. Hey, if they get it, more power to them. I think they will die with them.
I don't think we will ever see the prices we used to because of the massive inflation we have seen the past few years. Prices will go down and cool off some... but not back to where they were. Those days are behind us, just as the days of buying a new 69 stingray for 7000 bucks are gone.
 

HangOutdoors

Jetboaters Admiral
Messages
7,246
Reaction score
8,338
Points
482
Location
Royal Oak, MI
Boat Make
Yamaha
Year
2020
Boat Model
AR
Boat Length
21
You know what makes me laugh? When you see a post on Facebook that starts off by saying "I am thinking about selling my boat, what do you think?" And then they post their boat for $10k-$20k on a used boat over current MSRP and count the full value of all their upgrades..... Kind of like kicking the can around.
 

Jim_in_Delaware

Jetboaters Captain
Messages
1,823
Reaction score
2,831
Points
227
Location
Southeastern DE
Boat Make
Boatless
Year
NA
Boat Model
Other
Boat Length
Other
You know what makes me laugh? When you see a post on Facebook that starts off by saying "I am thinking about selling my boat, what do you think?" And then they post their boat for $10k-$20k on a used boat over current MSRP and count the full value of all their upgrades..... Kind of like kicking the can around.
LOL, it's like when they put a 15K engine in a 20K boat and now think there boat is worth 35K! 🤣

Jim
 

adrianp89

Jetboaters Admiral
Messages
5,293
Reaction score
4,313
Points
382
Location
Tampa Bay, FL
Boat Make
Yamaha
Year
2021
Boat Model
252SE
Boat Length
25
You know what makes me laugh? When you see a post on Facebook that starts off by saying "I am thinking about selling my boat, what do you think?" And then they post their boat for $10k-$20k on a used boat over current MSRP and count the full value of all their upgrades..... Kind of like kicking the can around.
Just wait until these people lose their jobs and need to start cutting costs.
 

Ohio

Jet Boat Addict
Messages
114
Reaction score
124
Points
92
Boat Make
Chaparral
Year
2017
Boat Model
195 ID
Boat Length
25
According to BoatTest.com

2022 Used Boat Prices Fall 18%
Boats Group, the owner of Yacht World and a couple of other classified boat sites, said recently that unit sales for the period of May and June 2022 were down 17% and average boat prices were down 18% vs. the same period in 2021. The report said that the average price for the period was $174,594 for the boats it tracks.
 

BlkGS

Jetboaters Captain
Messages
2,013
Reaction score
1,445
Points
232
Location
Melbourne, FL
Boat Make
Yamaha
Year
2007
Boat Model
SX
Boat Length
23
According to BoatTest.com

2022 Used Boat Prices Fall 18%
Boats Group, the owner of Yacht World and a couple of other classified boat sites, said recently that unit sales for the period of May and June 2022 were down 17% and average boat prices were down 18% vs. the same period in 2021. The report said that the average price for the period was $174,594 for the boats it tracks.
While it's a data point, I dunno that prices for boats averaging 175k have much in relation to boats that are 25 to 50k, lol.
 

Neutron

Jetboaters Admiral
Messages
3,298
Reaction score
5,484
Points
367
Location
New Bern, NC
Boat Make
Yamaha
Year
2016
Boat Model
AR
Boat Length
24
Even with these new Yamaha boats and prices, if its similar to the past 2 years then it will still be hard to get the boat you want. Or make you wait 6 months to a year to get it, that will drive the used boat market up again.
The new boat inventory still sucks and dont see production getting to the level it was in 2019 any time soon. Still tons of parts on intergalactic backorder holding things up
 

Ohio

Jet Boat Addict
Messages
114
Reaction score
124
Points
92
Boat Make
Chaparral
Year
2017
Boat Model
195 ID
Boat Length
25
While it's a data point, I dunno that prices for boats averaging 175k have much in relation to boats that are 25 to 50k, lol.
Well the prices for the range you offered were in fact part of that average. But yeah, more useful data would be broken down into more useful groupings. And anecdotally speaking, I can't say I have seen any reduction in the price range that I have been looking.
 

BlkGS

Jetboaters Captain
Messages
2,013
Reaction score
1,445
Points
232
Location
Melbourne, FL
Boat Make
Yamaha
Year
2007
Boat Model
SX
Boat Length
23
Even with these new Yamaha boats and prices, if its similar to the past 2 years then it will still be hard to get the boat you want. Or make you wait 6 months to a year to get it, that will drive the used boat market up again.
The new boat inventory still sucks and dont see production getting to the level it was in 2019 any time soon. Still tons of parts on intergalactic backorder holding things up
Honestly I think this is the new normal we are settling into. Companies aren't able/willing to pay the money required by inflation and so they just are OK with running short staffed. Their customers have grown accepting of delivery schedules being measured in eons.

My company for instance probably has more openings than filled positions. They claim.to be offering "stupid money" to bring people in, which is terrible for.employee morale and retention by the way, because they didn't do anything for us, but they can't find anyone with the extreme levels of experience they want.
 

HangOutdoors

Jetboaters Admiral
Messages
7,246
Reaction score
8,338
Points
482
Location
Royal Oak, MI
Boat Make
Yamaha
Year
2020
Boat Model
AR
Boat Length
21
WOW, look at this one. Price is AWESOME. If you want an AR250 you need to look at this.

 

Cambo

Jetboaters Captain
Messages
1,295
Reaction score
911
Points
227
Location
Long Island
Boat Make
Yamaha
Year
2017
Boat Model
242X E-Series
Boat Length
24
Prices are dropping my thought on what’s happening is that nada follows boat trader for boat listing prices. These prices are inflated causing sellers to post higher unrealistic prices based on info listed on nada. With adds that are free on Facebook owners will also just throw up for sale but again unrealistic . Craig’s list was free now they charge a small fee this has completely eliminated all the fake adds they should have done this years ago. But now the inventory is high and you can see owners dropping price
 

Epsmith19

Jet Boat Junkie
Messages
233
Reaction score
201
Points
137
Boat Make
Yamaha
Year
2010
Boat Model
SX
Boat Length
Other
Prices are dropping my thought on what’s happening is that nada follows boat trader for boat listing prices. These prices are inflated causing sellers to post higher unrealistic prices based on info listed on nada. With adds that are free on Facebook owners will also just throw up for sale but again unrealistic . Craig’s list was free now they charge a small fee this has completely eliminated all the fake adds they should have done this years ago. But now the inventory is high and you can see owners dropping price
Didnt know that craigs list now charges
 

the MfM

Jetboaters Captain
Messages
1,691
Reaction score
1,957
Points
247
Boat Make
Other
Year
2018
Boat Model
Other
Boat Length
Other

biffdotorg

Jetboaters Admiral
Messages
3,363
Reaction score
3,674
Points
357
Location
Pelican Rapids, MN
Boat Make
Yamaha
Year
2011
Boat Model
Limited S
Boat Length
24
Prices are dropping my thought on what’s happening is that nada follows boat trader for boat listing prices. These prices are inflated causing sellers to post higher unrealistic prices based on info listed on nada. With adds that are free on Facebook owners will also just throw up for sale but again unrealistic . Craig’s list was free now they charge a small fee this has completely eliminated all the fake adds they should have done this years ago. But now the inventory is high and you can see owners dropping price
This is partially incorrect. NADA is based on actual closing prices, based on the region punched into the tool by zipcode. Yes, there may be some delay, but as COVID hit and the market went up, it went up with it.

That being said, basing any value on asking prices is insane. As every seller has the right to ask what they want, and they do. But NADA was based on actually closing prices. In our region, asking prices are actually dropping, but then again, so are the temps. I woke up to 45 degrees today!
 

BlkGS

Jetboaters Captain
Messages
2,013
Reaction score
1,445
Points
232
Location
Melbourne, FL
Boat Make
Yamaha
Year
2007
Boat Model
SX
Boat Length
23
This is partially incorrect. NADA is based on actual closing prices, based on the region punched into the tool by zipcode. Yes, there may be some delay, but as COVID hit and the market went up, it went up with it.

That being said, basing any value on asking prices is insane. As every seller has the right to ask what they want, and they do. But NADA was based on actually closing prices. In our region, asking prices are actually dropping, but then again, so are the temps. I woke up to 45 degrees today!
And how do you think NADA even gets this information? They send out DMs to sellers on Facebook?

Reality is, all these values are largely based on formulas. There may be some "we base it off transaction prices as well", but the vast majority is it is based off formulas that predict the values.
 

biffdotorg

Jetboaters Admiral
Messages
3,363
Reaction score
3,674
Points
357
Location
Pelican Rapids, MN
Boat Make
Yamaha
Year
2011
Boat Model
Limited S
Boat Length
24
And how do you think NADA even gets this information? They send out DMs to sellers on Facebook?

Reality is, all these values are largely based on formulas. There may be some "we base it off transaction prices as well", but the vast majority is it is based off formulas that predict the values.
Because it's not based on private party sales, except in states where vehicle registrations are public record. For example, in my state, it wouldn't matter at all, as If I buy a used boat, I don't have to pay tax on it, so there is no way to know. It's based on collected tax. That's through dealerships in most states, or private sales where the info is public record.

I'm sure that is special sauce NADA keeps close to the vest, but they have also shared enough of this information to add credibility to their information. It's funny, as the guy who profits from their info will bet the bible on it, and the guy who does not, questions the credibility.
 

HangOutdoors

Jetboaters Admiral
Messages
7,246
Reaction score
8,338
Points
482
Location
Royal Oak, MI
Boat Make
Yamaha
Year
2020
Boat Model
AR
Boat Length
21
Things are coming down in price. They are popping up here and there.

 

Cambo

Jetboaters Captain
Messages
1,295
Reaction score
911
Points
227
Location
Long Island
Boat Make
Yamaha
Year
2017
Boat Model
242X E-Series
Boat Length
24
The boat prices are dropping looking for a boat for my brother and there are about 60 in my radius of a possible road trip and price point. Almost half of them have dropped the price by a few thousand but still have not sold most have been up for 1 to 2 months and only one that I know of sold. Lots of inventory and nothing is moving there must be 50 on this site with 2 marked as sold. I think the nada value listing is way off and just not realistic to what someone will pay.

This boat topped the list for complete abuse and neglect


IMG_8100.jpg


IMG_8096.jpg

IMG_8090.jpg

IMG_8092.jpg


IMG_8088.jpg

IMG_8089.jpg

IMG_8097.jpg


IMG_8098.jpg

IMG_8095.jpg

IMG_8094.jpg
 

Attachments

Top