The boating market is one of the craziest markets. It stabilizes for a bit and is more volatile than the stock market. These ups and downs can make it challenging to determine when it’s an excellent time to buy a boat. Thankfully, 2024 might be your year. This video details what you need to know about new boat sales.
Previously, boat sales were skyrocketing. A high demand and insufficient supply to meet that demand increased boat prices.
However, demand is dropping back to pre-pandemic levels now. The decreased demand has led to the boat market finally stabilizing.
The prices of new boats have dropped, making them a hot product. However, the prices for new boat sales have also decreased. The wait times for customized options have finally dropped, so you can get a boat within a few months or the average time you would have a few years ago.
There’s more than low prices that will help you get out on the water. More manufacturers are offering purchasers rebates and incentives, which we haven’t seen in a few years. Check out the video to learn more about the boat market and decide if it’s the best time to buy. You’ll be glad to know more information!
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