Industry Overview
Marine Market Update
Buyers and sellers of all segments of powerboats and personal watercraft saw higher values in 2019 compared to the most recent two years. Valuations pulled back more in the second half of this year compared to last, but this pullback was coming off a very strong first half.
Looking at specific segments, outboards brought 7.2% more money year-over-year, stern drives brought 8.5% more, inboards brought 3.5% more, and personal watercraft was up 4.6%.
Outboards and stern drives appear to be correcting back to 2018 levels after their very strong midyear performance. Early 2020 data will tell us if this is just a return to last years price trends or something more meaningful. Personal watercraft should remain strong given that segment’s relatively attainable pricing and positive employment data.
2020’s economic environment will be more mixed than this year’s, but we predict a stable first half.
J.D. Power
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