Yup. People do have money to burn. 12 months of not being able to roam highstreets shopping, eat out at expensive establishments or go on holiday and all that leisure spend has been funnelled into fewer areas. Plus, the whole disruption to new supply as factory output had to fall due to reduced work spaces, reduced component availability and reduced staff numbers etc.
And finally, things like fibreglass hulls are pretty hard to increase supply of so it doesn't take much of an increase in demand for new supply capacity to be completely removed in normal market conditions so the only place that demand can go is into the used market, which itself has a fixed supply so prices ramp up to reduce the demand.
As for whether stuff is selling? It does seem to be for the most part. There are a few things where the price looked really OTT at the start of the summer and are still sitting there for sale.
I just wonder what the fallout will be in a couple of seasons time? It hasn't been the best of summers so I wonder how many people new to boating, who dived in will be seeking to sell up once the conventional holiday market is back? A lot of boats must have been bought this year using the annual holiday allowance but unlike a week in the Caribbean, the boat keeps sending bills and needing work all year. After a 2022 of boat spend plus normal
Holiday spend one has to imagine that there will be big ownership capitulation by 2023?
Manufacturers may have been expanding production to cater so more new supply but less money next year as that money goes back to traditional spends.
And the final pleasantries are that taxes on us are bound to increase starting next year and all the new money printing has significantly devalued the currency that assets and goods are priced in.
It's difficult these days to predict markets due to State interventions to stave off the consumer debt collapse but I suspect that RIBs will follow puppies with large numbers of rapid, ill thought out purchases becoming unwanted as the funding, maintenance and storage costs clash with instagramming plates of food, airplane seats and people who were once on TV.
In a couple of years there could be some superb boats up for sale at deflated prices. Although knowing our luck the GBP will have devalued so strongly that the prices are the same as now.