: Is selling a boat in the fall this tough?
Not going to get into a lot of details, but advertised my boat here on WC, in the Minneapolis paper for a week, and another website. The WC ad will run 4 weeks and be over this week.
I have had a grand total of 5 phone calls/e-mails regarding my boat. I know price is not the problem, as I had the boat priced out by Soo Sports in Sioux Falls after I listed it. I told them what I have for a price and they told me I would have no problems whatsoever of getting my price.
I know selling a boat in the fall is tougher than in the spring and I will list it again this spring if I don't sell it. I don't NEED to sell my boat, which is a good thing. However, once you make the decision to sell something, you don't plan on it being here when the snow flies.
So since I'm crying in my beer now :boozer: I just want to ask the masses: Is fall just a really bad time to sell or is the economy really that bad?
09-03-2008, 07:07 PM
It's tough selling anything recreational right now unless your at rock bottom pricing. Even then, folks are hanging on to their money.
Wait till spring, at least then your able to attract those impulse buyers. Good luck.
09-03-2008, 07:14 PM
This is the toughest time I have ever had selling a boat. I know its not the price or boat because it is probably the most sought after boat that I have tried to sell. Many, many e-mails for pic's, one tire kicker and a few calls. I don't have to sell my boat either and if it is not gone when the adds expire I will be keeping it. You are not alone!
Think - think - think --------
The economy is going some of the worst times in the last 10 years.
The banking and credit market are in the dumps.
Unemployment is very very high.
The price of gas is out of this world and likely could or could not get worse.
Folks are hanging on to every penny and doing without necessities, like food - to buy gas to commute to work.
Boat dealers around the country are going bankrupt because they have no buyers for their boats and motors.
Many many many boats and motors on the market - not selling.
So, boats, motors and rigs are just like houses.
To sell - drop the price -
drop the price lower -
drop the price lower still -
drop the price to 1/2 of what you paid for it -
drop the price for 1/4 of what you paid for it -
Now, you might have one offer for 20% less than that.
Times are hard and the economy is in a very bad way for many many folks around the country.
As with any object -
That object is worth exactly what one individual is willing to give the seller for that object.
If there is no offer for that object at the asking price - it will only sell if the asking price of that object is dropped, dropped and dropped, until there is one individual buyer that is willing to give that amount to the seller for that object.
You say, "there is nothing wrong with the price you are asking" -
If there was nothing wrong with the price that you are asking for your rig - in TODAYS economy - the phone would be ringing off your wall.
Drop the price of your rig enough, and the rig will sell.
Times are tough everywhere.
09-03-2008, 09:04 PM
I am purchasing a new rig this winter. The rig I am buying costs right around 50K. I have a boat now that is an '07 model. The blue book on it is about 27K. I contacted four different dealers that sell the boat I am buying. Three of them told me that they could give me just about half of what my trade is blue booked at, while the other dealer wouldn't take a trade in on the new rig.
09-03-2008, 11:00 PM
Wow I guess I got lucky. I sold mine in a week and got my asking price. I had a lot of e-mails for photos, but only a few who wanted to come and look at it. Good luck it will sell.
09-04-2008, 09:34 AM
I sold my boat in 5 days also. I think certain boats sell better than others. I think high end console boats are slower than before. I also think there are 5 used buyers to every 1 new buyer of tiller boats? I think thats why in MN you are starting to see so many new tillers. People can afford a tournament caliber boat that still gets decent fuel economy. Just a thought!
09-04-2008, 10:22 AM
I would agree with that, sold my tiller here in 3 days in August - can't beat that.
09-04-2008, 02:54 PM
In northern states, some used boats are very hard to sell anytime.
I know...;) I did it for a living.
Labor Day - through the hunting seasons is the hardest time, however.
Hang in there.
09-10-2008, 06:03 PM
I agree it it does seem like a tough market for boats period, not just fall. I think the higher end $20K+ boats are seeing the big hit... A bout 3 weeks ago, I picked up a 20' Tournament Series boat for a great deal. I was a little leary, knowing I had to sell my $10K 17' boat heading into fall. 2 weeks on WC and as of today, I have a deal pending, picking up this coming weekend... I think I had my boat priced fair, and I'm happy with the price I got for it.
I agree with you Hookem. I have a boat that is in your price range (asking $12K) and nothing in the last 2 weeks.
Oh well, I don't have to sell it, so I'll maybe try again in the spring or fish out of it another year.
Skis good luck, I hope you are able to sell it and get what you need. When we sold our boats, though many moons ago, we sold them in the spring, and they went quick. If you can, I would sit on it till spring and try then.
On the flip side, our boat is now 11 years old and we are not even thinking of selling. We just put some new seats in, maybe new locator next spring, and it feels new with a simple $300-$600 purchase. But we are cheap ;)
Good luck though!
I think that with the gas prices and economy in general, it is a tough time to sell a boat. I looks like it is a buyers market and the ones who are looking are looking for a steal