New Marine Report Provides Insight into 2010 Regional Sales Trends, Industry Comparisons and points to Greater Stability and a Positive Outlook for 2011

by | Jan 5, 2011 | YachtWorld

New Marine Report Provides Insight into 2010 Regional Sales Trends, Industry Comparisons and points to Greater Stability and a Positive Outlook for 2011

YachtWorld Market Index is launched at the Tullett Prebon London Boat Show 2011

January 5, 2011

The inaugural publication of the Market Index 2011 at this week’s Tullett Prebon London Boat Show, will provide a unique and comprehensive view of the marine industry both in the UK and globally. The new report provides key industry analyses from 2010 that indicate that 2011 should be a safer time to buy and sell a boat for consumers and trade.

The first of the quarterly reports shows that overall, whilst sales of used boats were down in 2010, total valuations held – with price increases offsetting the sales decline. More recent sales data trends point to boat valuations returning to more ‘normal’ levels in 2011, following erratic trends in 2010. Luxury boat buyers still continued to influx the market in 2010 keeping demand high and larger boat prices at a premium. The value prices which can now be found on smaller vessels may help to encourage first time buyers into the market where bargains can be found, supporting the need for ‘new blood’ in the industry.

Globally, the UK was lagging behind the EU in terms of sales until the latter part of 2010, however the report indicates that the UK may lead sales in the EU during 2011 with the more balanced sail/power split experienced in the UK. Where powerboat prices were hit in late 2010, sailboat prices improved; in 2011, a further downturn in powerboat values may be caused by competitive pricing tactics, while sailboats are more likely to hold their value. In the US, valuations have gained after a flat summer, brought about by a rise in consumer confidence which has impacted the US industry as a whole.

Ian Atkins, vice president and general manager of commented: “We are in a unique position as the world’s largest brokerage database to provide an insight into the overall marine industry. There are some very interesting trends and informative detail in the report which will be useful for the industry as well as giving a comprehensive overview of this sector for business in general.”

The report is published by – the largest worldwide database of brokerage boats. With boats for sale offered by over 10,000 individual yacht brokers in 143 countries, receives nearly 2.5 million global visits by boating enthusiasts each month. Data on completed boat sales is contributed by broker members to’s proprietary website,, which currently stores detailed specifications and actual selling prices on over 500,000 used boats, sold since 2002.

The Market Index is available from the stand at L6 South Hall or from the Show Press Office.

For further information please contact Nicola Wallace Walton or Charlotte Bulloch at McKenna Townsend PR on tel. +44 (0) 1425 472 330 or email:
Notes for Editors is owned by Boats Group, the recreational marine industry division of Dominion Enterprises – a leading marketing services company serving the automotive, marine, enthusiast and commercial vehicle, real estate, apartment rental, and employment industries. Dominion Enterprises’ businesses provide a comprehensive suite of technology-based marketing solutions including Internet advertising, lead generation, CRM, Web site design and hosting, and data management services. Dominion Enterprises has more than 40 market-leading Web sites reaching more than 17.6 million unique visitors, and more than 280 magazines with a weekly circulation of 2.4 million. Headquartered in Norfolk, Virginia, the company has 4,900 employees in more than 186 offices.