Industry News

Value of Sold Brokerage Boats Rises 7%

Value of Sold Brokerage Boats Rises 7%

The value of all brokerage boats sold increased 7 percent in the U.S. last month, even as the number of boats sold declined by 4 percent compared to the previous December (2015). U.S. brokers reported a total of $274.8 million paid as 1,537 boats changed hands. Read...
Maryland Permanently Caps Boat Sales Tax

Maryland Permanently Caps Boat Sales Tax

Three years ago the State of Maryland instituted a sales tax cap for yacht sales.  The tax was and has been 5% but was capped at $15,000.  A $300,000 boat would be $15,000 and a $400,000 boat would also be $15,000.  The tax cap was temporary and had a “sunset...
Brokerage Sales Increase Ten Percent in March

Brokerage Sales Increase Ten Percent in March

Reported by Soundings Trade Only from data curated by YachtWorld, March has shown a great sales increase as opposed to the first months of 2016. Although sales value was down over last year, this is only due to sharp decreases in the value of boats sold in the segment...
Best June Boat Sales Reported in Eight Years

Best June Boat Sales Reported in Eight Years

In a report released by YachtWorld and Dominion Enterprises, June 2015 boat sales were the best of any June month since 2007 with 3,649 boats sold. Sales of both sportfish and outboard powered boats increased by 10% over June 2014, reporting a total value in sales of...
U.S. Brokerage Sales Rise in December

U.S. Brokerage Sales Rise in December

In a report released by Trade Only Today summarizing the final sales results for brokerage boats in the United States throughout 2014, December was the only month that showed an increase of sales over corresponding months in 2013 – up by 6%. However, total...