2nd hand market values

gtflash · 07 July 2009, 16:13

Ive been considering upgrading to the next model up in size rib. BUT in my mind the price difference is HUGE, given what I would consider a fair price for mine.

Is the current econmic climate not taking its toll on the 2nd hand rib market or are dealers artifcially inflating prices???

One boat on the market is virtualy the same price it was brand new several years ago!!!!! Annoying

Jizm · 07 July 2009, 18:47

The prices seem much the same but they don't seem to be moving as they were. Maybe people are just hanging on to things instead.

diverdad · 07 July 2009, 20:56

Quote:

Originally Posted by Jizm

The prices seem much the same but they don't seem to be moving as they were. Maybe people are just hanging on to things instead.

I agree, I am looking at a retube and the prices are much higher than they were 3 years ago.
I thought now would be a good time to go for it and get a bargain!!
Fat chance!!

Lee

roywebster · 08 July 2009, 16:48

There is a very good market for 6m and 6.5m RIBs at the moment, especially those with 2 jockey seats , console seat, and bench seat at Stern. Therefore holding their price. 5 m boats are a bit more difficult and there are some good prices around. There ia also a lot of 10yr old plus boats around .

Roy
RIBBROKERAGE

Jizm · 08 July 2009, 16:52

Are RIBs 'moving' in general though Roy?

roywebster · 09 July 2009, 07:04

Things are slower this month than the last couple of months but boats are selling. Trade is always linked to the weather

Roy

RibinSpain · 09 July 2009, 16:09

I just sold my 5m Ribeye package fairly instantly for 12k, bought new in 06 for 15.5k. I think both parties got a fair deal. A lot better than car depreciation. I may have got another 500 or so but the marina fees were due & it seemed a good time to sell.

gtflash · 10 July 2009, 17:07

Quote:

Originally Posted by roywebster

Things are slower this month than the last couple of months but boats are selling. Trade is always linked to the weather

Roy

Roy, is this year just a standard year then???? or is it a slower than standard season for selling......

I can only presume the rib market is like the housing in terms of spring buying, but without the scare tacticts of the press...... But the re invention of smaller and budget models from the manufactures must mean business is slower... so does that boost or hinder the 2nd hand market.

I had a call from a broker about a 9.75 twin engine boat i had previously expressed interest in. I decided it was out my price range, however when the broker called and said the price had dropped about 12-15k i neary fainted. IT was sold by time i got back in country

roywebster · 10 July 2009, 19:38

Like the housing market there has been alot more enquiries this year than normal but the percentage that lead to sales is less . The number of 2nd hand ribs sold is higher than normal .

High end boats are very difficult to sell at the moment and there are lots of these boats being reduced to sell.

From a regional perspective last year most of my sales were to Isle of Wight customers this year most of the sales have been to Mainland customers and not just the south coast . Boats have gone as far as Scotland ,Teeside, Bistol and Birmingham.

Roy