Second Hand RIB Market

[thomas]

Is anyone buying RIBs at the moment? There seems to be a lot for sale and from what I can see not much is moving, all the brokers I speak to tell me they've had an excellent start to the year and the market is really strong, yet they still have the same boats for sale.

I'd like to upgrade but don't know if this is just a terrible time, do I hold fast and wait another season or drop the price in the hope I can get a good discount on my next boat.

[topspeed]

I have just agreed to buy a second hand rib.
Should be collecting in 2 weeks - can't wait.

Get the impression that new costs are so high, that used boats are easier to sell than new ones.

[Dry Run]

As a broker I would say that the market is fine if the boat is sensibly priced and the vendor is aware that they are not likely to achieve the full asking price.

Also, as with cars, the correct paperwork (service history, manuals, repair receipts, etc) will have an effect on the price the purchaser is willing to pay. This is where the phrase "I paid cash and didn't get a receipt" comes back to bite you in the a#se!

[C2 RIBS]

Thomas, I think all we need is a change in the weather and we will all be surprised. You and I have looked at pricing and everyone I speak to in the industry from brokers to manufacturers believes these prices are correct- except a broker buys in at a low price to sell at about the same price you would have sold it at, Room for movement in all sales to be honest.

[PeterM]

My feeling is it's a buyers market at the moment . Due to economics of how well (or not) business is going in the UK and as Ian says some duff weather. (just look at the round IOW video on 24 March last year for a comparison).

There are lots of very very good value boats out there (Ians as a key example) . I still feel people aren't allowing for the 2 points above in the expectation of what they want to sell and buy at.

As a watcher/ potential buyer I'm still seeing a gulf between 'real world/actual' sales prices and the lack of willingness of some sellers to deal in the real world.

The fact heavy snow is forecast next week says a lot ...who wants to go boating in the snow ( except us RIBnobbers ) ?

[Tim M]

I sell quite a few boats. I would say the market over the last six weeks or so has been quieter than I have hoped. A friend who works for a well known brokerage says they're very quiet at the moment as well. As Ian says I suspect it's the weather. Snow the week before Easter isn't ideal! So yes, very much a buyers market. I suspect a broker who says he's doing really well at the moment is exaggerating!

[thomas]

I guess the weather has a lot to do with it, I had priced mine a couple of k under what I had been advised, guess I'll wait till that fist weekend when everyone heads to the sea.

Our marina is getting more and more trailers now as people down grade form big power boats so fingers crossed.

[willk]

I'm hearing that bigger (high ticket) boats are slow to move. The smaller stuff 5-7m and a bit older are going well. It's all about the Money, Money