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Dec 30th, 2023
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 Is the Bass Boat Market Finally Slowing Down?
#14893135
11/09/23 06:55 PM
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Joined: Sep 2008
Posts: 1,876
Tx Tree Grower
OP
Extreme Angler
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OP
Extreme Angler
Joined: Sep 2008
Posts: 1,876 |
Been noticing that many of the pros are posting finders fees, big discounts, etc and still have not been able to sell their 1yr old boats. Not something I have paid attention to in the past, but many seem to be having a hard time selling their boats. Has the bass boat market finally slowed down? I have not paid attention to new inventory on dealer lots. Just curious. I was kicking around maybe selling my rig and getting a new one next year.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893137
11/09/23 06:58 PM
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Joined: May 2019
Posts: 8,365
avid_basser
TFF Celebrity
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TFF Celebrity
Joined: May 2019
Posts: 8,365 |
With the interest rates the way they are for boats, it's really slowed it down. No way I'm paying 15% interest on a boat loan. Heck, I struggled with the 7% I got at first then refi to 5%.
If you have the means, it's your money.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893159
11/09/23 07:11 PM
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Joined: Apr 2021
Posts: 897
wabash2015
Pro Angler
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Pro Angler
Joined: Apr 2021
Posts: 897 |
It's slowed a lot, although I'm sure some dealers are selling well. I think over the next few years the market will be flooded pretty badly, thereby putting downward pressure on prices.
Will the manufacturers get the memo that these prices are unsustainable?
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893165
11/09/23 07:13 PM
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Joined: Mar 2012
Posts: 1,858
4Weight
Extreme Angler
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Extreme Angler
Joined: Mar 2012
Posts: 1,858 |
I thought Bidenomics was great for everyone.....SMDH.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893187
11/09/23 07:39 PM
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Joined: May 2007
Posts: 43,284
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 43,284 |
It is whether they admit it or not.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: WAWI]
#14893190
11/09/23 07:42 PM
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Joined: Mar 2012
Posts: 1,858
4Weight
Extreme Angler
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Extreme Angler
Joined: Mar 2012
Posts: 1,858 |
It is whether they admit it or not. I hope your kidding right??
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893237
11/09/23 08:21 PM
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Joined: Sep 2008
Posts: 1,876
Tx Tree Grower
OP
Extreme Angler
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OP
Extreme Angler
Joined: Sep 2008
Posts: 1,876 |
Hopefully the time for a cash buyer to get a better deal is near.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: 4Weight]
#14893283
11/09/23 08:50 PM
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Joined: Aug 2004
Posts: 5,224
Duke 22
TFF Celebrity
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TFF Celebrity
Joined: Aug 2004
Posts: 5,224 |
It is whether they admit it or not. I hope your kidding right?? He's talking about the market not bidenomics... anyone who thinks that's working needs to be hit in the head with a ball peen hammer.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Duke 22]
#14893299
11/09/23 09:07 PM
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Joined: Mar 2012
Posts: 1,858
4Weight
Extreme Angler
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Extreme Angler
Joined: Mar 2012
Posts: 1,858 |
It is whether they admit it or not. I hope your kidding right?? He's talking about the market not bidenomics... anyone who thinks that's working needs to be hit in the head with a ball peen hammer. Well said... LOL.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893304
11/09/23 09:16 PM
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Joined: Aug 2006
Posts: 7,081
Sinkey
Tidy Scoop
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Tidy Scoop
Joined: Aug 2006
Posts: 7,081 |
Manufacturers are pricing new boats thru the roof. At the same time interest rates are as high as I’ve seen. That’s why not much is moving. There are 100’s of 2023 boats still sitting at dealers not moving. And some have been there for months. Even a year or more.
Bad news is, I don’t see it changing anytime soon.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893318
11/09/23 09:25 PM
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Joined: Jul 2013
Posts: 6,900
Brent S
TFF Celebrity
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TFF Celebrity
Joined: Jul 2013
Posts: 6,900 |
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Brent S]
#14893337
11/09/23 09:40 PM
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Joined: Jan 2007
Posts: 15,102
Happykamper
TFF Guru
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TFF Guru
Joined: Jan 2007
Posts: 15,102 |
The interest rate is about where it used to be for recreational vehicles, the problem is how expensive boats are and this economy, I think many folks got in over their heads during the covid bs, if they have to get out from under big boat loans it will likely be ugly. I think the boat manufacturers are going to take a big hit along with engine and electronic manufacturers.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Happykamper]
#14893351
11/09/23 10:09 PM
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Joined: Sep 2008
Posts: 121,182
hopalong
Pescador Loco
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Pescador Loco
Joined: Sep 2008
Posts: 121,182 |
The interest rate is about where it used to be for recreational vehicles, the problem is how expensive boats are and this economy, I think many folks got in over their heads during the covid bs, if they have to get out from under big boat loans it will likely be ugly. I think the boat manufacturers are going to take a big hit along with engine and electronic manufacturers. this^ ^ ^ ^ ^ ^ ^ ^ ^ ^ everyone had a lot of free time to fish and recreate so they spent money on stuff to play with. in this economy they now can't afford to take the time to play much any more and those loans on toys are gonna be the first they get rid of. if you are not in a hurry I would wait till july/aug. and see if the repos have started coming up. talk to your buddy the banker and ask for notice if any boats of xyz come up, cash in hand talks with banks, no auction fees. no way I can even get close to a repo at current prices. just glad mine is all paid for.
" Hop, set the hook"!
hopalong 99,999
TexDawg 99,999
FJB! not my president by a long shot!
lake fork FISHERMANS COVE MARINA/reservations - 903 474 7479
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893469
11/10/23 12:04 AM
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Joined: Jun 2020
Posts: 14,463
grandbassslayer
TFF Guru
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TFF Guru
Joined: Jun 2020
Posts: 14,463 |
Hopefully the time for a cash buyer to get a better deal is near. It doesn’t seem to make a difference- at the end of the day every seller gets paid in cash.
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Re: Is the Bass Boat Market Finally Slowing Down?
[Re: hopalong]
#14893473
11/10/23 12:08 AM
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Joined: May 2007
Posts: 43,284
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 43,284 |
The interest rate is about where it used to be for recreational vehicles, the problem is how expensive boats are and this economy, I think many folks got in over their heads during the covid bs, if they have to get out from under big boat loans it will likely be ugly. I think the boat manufacturers are going to take a big hit along with engine and electronic manufacturers. this^ ^ ^ ^ ^ ^ ^ ^ ^ ^ everyone had a lot of free time to fish and recreate so they spent money on stuff to play with. in this economy they now can't afford to take the time to play much any more and those loans on toys are gonna be the first they get rid of. if you are not in a hurry I would wait till july/aug. and see if the repos have started coming up. talk to your buddy the banker and ask for notice if any boats of xyz come up, cash in hand talks with banks, no auction fees. no way I can even get close to a repo at current prices. just glad mine is all paid for. I wouldn't hold my breath for repos. Everybody has their jobs and there are more to be had. It's just matter of nobody wants to pay the price. Only people who may lose jobs are those that work at boat manufacturers
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