Slowing of wakeboat market?

[GMLIII]

Not if what is being discussed here in this thread is in fact true and the market is indeed slowing. I agree the slots designated for G and GS boats are certainly more plentiful, but find it ironic they are selling out of all of the lower priced models first, regardless of build slot quantities. From the sounds of this board the past couple of years, people were dead set on the 210 and 230 line being discontinued because of the success of the G line.

Maybe the shaft breaks on the G series has scared new buyers away from these models and they are jumping on the 210 and 230 band wagon. LOL

[cedarcreek216]

Maybe the shaft breaks on the G series has scared new buyers away from these models and they are jumping on the 210 and 230 band wagon. LOL

I can tell you my last two 210's have held their value incredibly well because of the demand for that price point, so I won't complain about the price of the G line going up and up every year.

[GMLIII]

I can tell you my last two 210's have held their value incredibly well because of the demand for that price point, so I won't complain about the price of the G line going up and up every year.

That is great. I have no clue on the value of my 2017 G23 but if prices keep increasing at the present high annual rate year after year, I would hope my G23 would hold its value fairly well

[docderwood]

"Either way you probably still suck at wakeboarding and wont catch anymore fish haha".........

You nailed it!

Still rocking our 2008 SAN 230. And still suck at wakeboarding. And I'm amazed that it cost about twice as much 10 years after this boat to get a top of the line Nautique. Gonna be a bloodbath next recession.

[nyryan2001]

The boat resale values we saw over the last 5yrs we saw on G23s are not holding like they used to.

you can buy a 2018 G23 for right at $130k with less than 100hrs. Those same boats sold new for $155-$165k.

we never saw $25k+ loss in one year till now. It used to be $4-6k average per year for reasonable hours and if you kept it in pristine condition.

another one getting hammered on the used market? M235s. Are you guys hearing about the 20-30gal/hr fuel burn rates on those??

[seachicken27]

yup ryan is right on. with more and more G's hitting the used market, they just aren't holding their value like they did. Like I said, if you are gonna spend 130k for someone's used boat, why not just spend 150 and get a new one like you want? Unless you are like me and cringe at that depreciation. I've got my eye on a 2018 at the moment. I'd say its the same one Ryan is referring to...

[Tallredrider]

I have always said that you lose 10% the day you purchase the boat, and then 10% per year after that. I have done a little better than that, but the market seems to be tracking that direction. Selling a 150K boat for 130K after 1 year really doesn't seem that bad on a percentage basis. It is just that now, 10% is so much more than it used to be.

[Miljack]

MC and Bu are pretty easy. It’s public info. They will finish out around these numbers, based on last years sales, and first quarter filings for 2019.
MC is on track for a total of about 3200-3300 2019 boats
Malibu is on track for about for about 2400 “Malibu” boats, and about 1100 “Axis” boats.

MC will also build about 2000 NauticStar boats, and Bu will build about 2200 Cobalts.

Notice anything about that?? Bu plus axis sales used to be way out in front. They aren’t anymore, and I don’t wonder why there hasn’t been any recent fancy market share graphs from Bu. MC is very close to matching sales for Malibu+Axis.

Supra/Moomba has been pretty much building them as absolutely fast as possible, and can’t keep up. Last I heard, they were pushing 1300-1400 boats per year. That is a huge increase for a company that used to only build 400-500 boats a year. That is just regurgitated info from a friend that works in sales at a Supra/moomba dealer. He had just come back from dealer meetings.

i have no idea on Nautique, but I am guessing they are up there in the 2500ish range, or more.

Wayward from what I recall from a tour a few years ago, #Nautique is over the 2500 range for production given the factory expansion. When we visited in '12, they were at ~2,500 boats per year.

[Wayward]

Wayward from what I recall from a tour a few years ago, #Nautique is over the 2500 range for production given the factory expansion. When we visited in '12, they were at ~2,500 boats per year.

You sure it wasn’t actually ~1500/year at that time? In 2014, the total wakeboat market was about 8300 boats per, and Nautique had 17% of the market share. That’s about 1400/year.....

[Wayward]

The boat resale values we saw over the last 5yrs we saw on G23s are not holding like they used to.

you can buy a 2018 G23 for right at $130k with less than 100hrs. Those same boats sold new for $155-$165k.

we never saw $25k+ loss in one year till now. It used to be $4-6k average per year for reasonable hours and if you kept it in pristine condition.

another one getting hammered on the used market? M235s. Are you guys hearing about the 20-30gal/hr fuel burn rates on those??

I haven’t had a huge issue in first year depreciation yet. I have been worried the last few years, for exactly the reasons you are pointing out.

local dealers know I buy every year, and they are all pretty aggressive on pricing. My worst first year loss was 11k on my 2016 G23. The rest have been less than that. This year, I payed 144k for my XStar, and sold it for 138k.

one of these days, I am sure I am going to have a big hit..... thank god I didn’t buy a M235. First year depreciation on that boat is like 30-40k, and that’s if you got a screaming deal when you bought it new. I think they probably level out after that.

I wouldn’t have thought they burned 20+ gallons per hour, but I guess I wouldn’t be super surprised. All Bu’’s burn a ton of fuel because of dragging the wedge around.

[nyryan2001]

There is a YouTube video of M235s vs Centurions fuel usage.

the M235s burn a legit 20-30 GPH 20+ gph being metered with their huge hull and the wedge.

Back to the G pricing. If 2018 G pricing is a 20-25k hit..... what’s 1yr Old 2019-2020 G pricing going to be with new sales prices $165-185k?

i think we are seeing used premium wakeboat pricing hit the wall... as in what the market and folks will tolerate.

what I’m saying is I don’t think many buyers will buy and finance used wakeboats in the $130-160 range. Look at Buxton’s used inventory. Tons of used $130k+ Gs. Strongest market is the US.

Folks with that kind of money will just buy new at $175k. I think the upper end for premium used wakeboat sales is in the $120-$130k range.

Another aspect I’ve sensed... again pure speculation. I think a large chunk of these $150k+ buyers are not folks like us. They are the Bayliner and Cobalt upgrade folks with money that buy solely based on sales hype and reputation.. there’s been a lot of arrogance for years with sales folks to the tune of “if you don’t pay the $165k, someone else will, and walk in a pay cash and be a much easier sale than you. They’ll just pay our asking price and ask to have it delivered. They don’t ask hard questions, want specific things done, and just pay the money.”

I say all that to say this: with a saturated used market, tons of every type of boat available, 80-90% range financing of $165k+ boats now limited to folks in the $200k+ yearly household income range...your pool of new buyers is shrinking much faster than what they’re raising prices. These changes will continue drive used prices down and punish sellers. Supply and demand.

all the while used boat sellers eat ~$500-1000/month depreciation, storage, insurance, wear/tear... on TOP of a boat payment while its sits for sale.

[Miljack]

Wayward, you may be right, I was going on my recollection which is obviously not that good! But, I seem to remember ~10 boats/day, and 51 weeks production. I believe at the time they had five production lines and were finishing 2/day in each line. Someone knows better than me.

I too have been amazed at how many $150k + wakeboats have been selling the last few years! BTW, thanks for sharing your purchase price on the MC's, you got a great deal from your dealer! I know the going rate for a new G23 is more like $150k and that's for dealer stock, not a custom ordered boat!

[srock]

I was at our dealers holiday party 2 weeks ago and he told me they have already sold every 210, 230 and G21 build slot they have for 2019. Couple of takeaways. I am in Dallas where two things are true. The economic opportunities are endless right now so everyone seems to have extra cash, or at least live like it, and second, Buxton is one of the top sales dealership YOY. I do find it interesting that the three lowest price point models in the lineup are sold out first. Could be a supply issue, they just have more GS and G23 slots, but also could be a little hesitation to spend such a large amount on the other models. I am a happy camper sitting in a 2018 210 that they know is always for sale if they can make the deal work for me, haha.


Sent from my iPhone using Tapatalk

Didn't all the Texas boats wash over a dam....That may explain enough boats to sell out on inventory.

[cedarcreek216]

Didn't all the Texas boats wash over a dam....That may explain enough boats to sell out on inventory.

There were quite a few from what I saw for sure. Buxton fills most all their build slots for the year, each year, by boat show time on average. After that they shop other dealers and try to get build spots that will go unused by them. Not unusual at all for them to not have an available build slot for a certain model this early, kind of stinks if you want something special and you aren't on top of it in time.

[Evening Shade]

Gonna be a bloodbath next recession.

And I think its coming SOON!