I read a few months ago that 'very high end' and 'very low end' new boats were selling well, with middle market boat sales not good in the US market. This trend was putting big pressure on the used boat market with significant depreciation lowering prices significantly across the board - the 50% depreciation number mentioned earler in this thread is very real after just a few years and goes to 75% quickly. The good news is there are some great deals nationwide on very nice used boats.The bad news is that MANY boats sold at the boat show are sold with 15-20 year financing terms and no money down! So a $100k boat purchased 3 years ago now carries a balance still of $95k with payments monthly of of $965! And the boat is resell-able today for $50k-$70k. Ouch. And this will only get worse by year 5 of ownership.
I was talking with the editor of Yachting magazine. He was saying the marine industry thinks they are going to have a problem going forward with customers. The millennial generation wants to experience everything but not own anything. They are wondering how to cater to that mentality.