2025 Market Situation

market_study

Unfortunately, the state of the global second-hand market, including in the Caribbean, has further deteriorated.

THE CURRENT MARKET (12-2024)

Take the example of the Lagoon 42: by the end of 2023, 120 were listed for sale.
Now, in December 2024, there are over 160 Lagoon 42 on the second-hand market.
Only 28 were sold in 2024. !

CATAMARANS BETWEEN 40 AND 50 FT LESS THAN 10 YEARS OLD:

  • 760 boats listed for sale in December 2024 (including 220 in the 3-cabin owner version)
  • 160 boats sold in 2024 (78 of which were 3-cabin owner versions!)

MONOHULLS BETWEEN 40 AND 55 FT LESS THAN 10 YEARS OLD FROM MAJOR EUROPEAN BRANDS ONLY (Jeanneau – Dufour – Beneteau – Bavaria):

  • 580 boats listed for sale
  • 200 boats sold in 2024

OFFER IS 3 TO 5 TIMES HIGHER THAN THE ANNUAL DEMAND

Paradoxically, demand has not collapsed but has returned to pre-post-COVID levels
(prior to 2020).

It is the supply that has skyrocketed, and prices are now 25% to 40% higher than they were in 2019!

However, this high-price situation is unsustainable in a market where supply is so abundant. This is especially true given that new boats are currently being offered with substantial discounts, making second-hand boats less than five years old as expensive as their new equivalents!

DO YOU HAVE A BOAT FOR SALE

Key Fundamentals to Remember:

  1. Depreciation in a Stable Market:
    In a non-disrupted market, a depreciation of approximately 30% after 5 years and 50% after 10 years* compared to the new price is normal—similar to the automotive market. (This largely depends on the maintenance and work done.)

  2. The Market Dictates the Rules:
    An owner’s version, never rented, will sell faster than a former rental or charter boat.
    (Owner’s versions account for 50% of sales but only 25% of the supply.)
    Your boat must look better and cost less!

  3. Unsold Boats:
    Many boats will not find buyers and will remain the responsibility of their owners for several months, if not years.

  4. Post-COVID Price Adjustments:
    The pricing seen during the post-COVID years (2020-23) will need to be significantly reduced by 20-30%.

Entrust the Sale of Your Boat to Caraibe Yachts

A. We only take on boats for sale that we believe can be sold quickly and under the best conditions.

B. We decline to list overvalued boats that we know won’t sell at the asking price within 3 months. Why accept boats for sale when we know the price is off-market? You would blame us for not selling your boat, and you’d end up disappointed!

C. A limited number of boats in our portfolio allows us to focus intensively on selling your boat.

D. We specialize exclusively in second-hand boats. Many of our competitors also sell new boats. An overpriced boat on their listing often serves to attract buyers toward new boats instead!

YOU HAVE A BOAT FOR SALE OR A PROJECT! CONSULT US …

Articles

Buy & Sell

2025 Market Situation

Unfortunately, the state of the global second-hand market, including in the Caribbean, has further deteriorated. THE CURRENT MARKET (12-2024) Take the example of the Lagoon

Buy & Sell

The market ahead of the 2023-2024 season

We are facing a very difficult market situation. The number of boats for sale is constantly increasing, and prices are still very high. Prices asked