I just looked at the Euro/US Dollar conversion, which I need to do frequently these days. The dollar is really weak, at 1.45 to the Euro. How does that affect the boat buying market in the U.S.? Very strongly, I am afraid.
If you are in the market to buy a boat, you can still find great deals on boats that are dealing in dollars. The market has been depressed for several years now, and there are motivated sellers everywhere. The best market is in ex-charter boats, and projects here.
Really nice, high quality boats that are in the U.S. market are likely to attract European buyers more and more, and often Australian or other people whose currency is strong. This is scary, because any inventory that you see in US markets is likely to sell off, and not be replaced until the dollar improves, which may not happen for a while. So if you have been waiting, your best bet is to grab something in our market soon, prepare yourself to wait some more, or pay a lot for a boat that is trading in Euros.
If you are selling a boat, make sure to differentiate your boat from others, but you are looking pretty good in the U.S. market. Your boat, bought in dollars, is valuable. If it is a higher end boat, even better for you. Of course, if you are selling to upgrade, be prepared for the fact that your sales windfall will become your buying ulcer on the other end. Hard times indeed. But remember, if you want to go sailing, don’t wait too long. History is sadly filed with stories of people who wait and wait and wait for things to be just right, and too often, that never happens, and you miss the boat altogether!