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Global Trade

Discussion in 'General Yachting Discussion' started by Loren Schweizer, Mar 29, 2007.

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  1. Loren Schweizer, Mar 29, 2007
    #1
    Loren Schweizer

    Loren Schweizer YF Associate Writer

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    With the Euro around $1.33USD and the Pound hovering near $2.00US, does anyone see any evidence-- firsthand, secondhand, heck, even tertiary will work here-- that buyers from abroad have increased purchases of yachts in the (comparatively) inexpensive U.S. market recently?

    What do our European members see regarding their own increase/decrease in the number of buyers coming from outside their own countries?

    This would go for used boats as well as new builds.

    Lurkers, especially, are encouraged to respond.
  2. KCook, Mar 29, 2007
    #2
    KCook

    KCook Senior Member

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    I have seen a fair number of posts inquiring about importing used boats from the US to the UK on another site (which shall remain nameless here).

    wayward Kelly
  3. Loren Schweizer, Mar 29, 2007
    #3
    Loren Schweizer

    Loren Schweizer YF Associate Writer

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    ....kinda like Powder & Rotor Jock? :rolleyes:
  4. lminford, Mar 29, 2007
    #4
    lminford

    lminford Guest

    Loren
    As an expat living over here an spending a fair amount of time around the Med, not much is moving from anywhere with the exception of the megas; multiply the fuel and mooring space issues of SoFla by 2. Asking prices for US imports here is stupid money even if the exchange were 1-to-1. If the market ever firms up generally, there could be a business of shifting inventory over here for resale as long as the dollar remains at current levels. There are by the way a huge number of 31 Berts floating around, many of them done up and cared for very well, so if anyone is wondering where they all went...
    Regards.
    lminford
  5. KCook, Mar 29, 2007
    #5
    KCook

    KCook Senior Member

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    Sorry Loren, no cigar ....
  6. YachtForum, Mar 30, 2007
    #6
    YachtForum

    YachtForum Publisher/Admin

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    A number of Burger's new & upcoming builds are for foreign buyers. Lazzara has just sold their first 110’ to a European buyer. Trinity has a bunch of contracts, numbering in the teens and the word is... more are coming. Good chance they’ll see some foreign investment too.
  7. OutMyWindow, Mar 30, 2007
    #7
    OutMyWindow

    OutMyWindow Senior Member

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    As mentioned above, the HOT market segment seems to be in Mega-yacht sales to the ever-expanding super rich class. Seeing double-digit annual increases from the European builders over several years.
    The American yards such as Christensen/Trinity/Westport/Burger may be a bit late to the party, and maybe should focus on emerging markets like The Gulf, (Azimut-Benetti has been doing a banner business). Although that could be a political decision.
    Based on recent stats, smaller boat sales in the US have declined by double-digits in the last year amongst the larger publicly traded companies, and this is with the ever increasing out sourcing to China for accessories and total build production in order to keep the prices down. (See Lou Dobbs on CNN & The Plankton Theory in the Market Meltdown tread).I would think that your local micro market in south Florida will get a nice shot in the arm with the new 7K slips in Broward County, but the ever increasing oil prices, political uncertainty and US’s financial well being may be a wild card.
    This may be a bad analogy, but the US boat industry could be viewed similarly to it’s automobile one.