I'll help you with the TIGE/ATX situation as you seem to have a lot of unknowns. Tige is a privately owned, debt free family business who throttles production to weather the economy with supply and demand. Tige pulled production back significantly 6-8 months before all other boat builders to help their dealer network stay healthy during a volatile year where others continued to produce boats at a carelessly high volume. So the fall off was calculated and intentional. Tige ATX now has the lowest number of non current inventory in market. Prepare yourself for them to come on strong with new product in the coming years and at boat shows you will see their dealers selling only new model year inventory. This will also create excellent $$$ position as the market is not saturated with blowouts that degrade value. I hope that helps with your questions.
Our local Malibu dealer just went out of business, selling left over 2023/24 boats for pennies on the dollar. This industry is going to need a complete price reset, they are off there rockers thinking they are going to be selling boats for $200k+. Those days are long gone.
Its not just the factory, it's the dealerships - and from my experience the Centurion/Supreme dealers are a far better experience than Malibu at the very least. Malibu rubbed a lot of people the wrong way with their "take a number" approach when COVID hit - Centurion seemed like they went out of their way to get customers into their platform during that time. Then you add in the maintenance costs and shop fees versus other vendors.
They are a publicly traded company. When corporate entities get involved with businesses that are hobbies and passions, its almost always a bad situation. All the other boat brands are private except for heyday which is a small segment of brunswick.
I realize you stated how “relatively close,” the fed fund rate is to actual interest rates, which is true. But given the fed dropped their rate to 0.05% in 2021 and as I write this the current rate is hovering at 4.33, that’s not saying a whole lot. I financed my boat for 5.99% in 2021 and there is no way I could get that now, without requesting it from the loaning institution (which people and dealers can do). Interest rates offered to consumers are much higher today, which has brought the new and used luxury boat market to a screeching halt. A one point drop in the fed fund rate would help tremendously.
Its truly shocking that a Centurion/Supreme dealer makes a video saying 2025 is a good year to buy a boat, as long as its those brands 😂. The Tommy's inventory seems to be nearly all sold, but I don't believe it is accurate to say the impact is solely on Malibu/Axis. If Chevy suddenly has a fire sale on Silverados, that impacts the sales price / used value of all trucks.
Any insight as to why the manufacturers have such inflated MSRP? For example the MSRP on the NV 23 is like 230k. That number seemed really high and the sales guy let me know the realistic sale price is closer to 160-180k. Is it to give the illusion you are getting a good deal?
Boardco released a video about a year ago explaining why it is happening across the board with all manufacturers. Basically one manufacturer started doing it and all others had to follow because people thought they were "getting a better deal" with more money off of MSRP. ruclips.net/video/pAu58mRkbcU/видео.html
Boats and rv’s are a mess and rates are terrible. Rates are 7%++ and the last year was terrible for new sales. Boats rv’s and sxs manufacturers have lost their mind with current pricing. 21-24’ boats for 200-350k is just insane and if you bought a boat between 21-23 you are so far upside down you are stuck unless you plan to write a huge check.
I bought my boat in 2022. I keep a close eye on the used market. If I wanted to sell my boat right now, I'd probably get about 80-82% of what I paid for it. I plan to keep it though.
I'll help you with the TIGE/ATX situation as you seem to have a lot of unknowns.
Tige is a privately owned, debt free family business who throttles production to weather the economy with supply and demand. Tige pulled production back significantly 6-8 months before all other boat builders to help their dealer network stay healthy during a volatile year where others continued to produce boats at a carelessly high volume.
So the fall off was calculated and intentional. Tige ATX now has the lowest number of non current inventory in market. Prepare yourself for them to come on strong with new product in the coming years and at boat shows you will see their dealers selling only new model year inventory. This will also create excellent $$$ position as the market is not saturated with blowouts that degrade value.
I hope that helps with your questions.
Our local Malibu dealer just went out of business, selling left over 2023/24 boats for pennies on the dollar. This industry is going to need a complete price reset, they are off there rockers thinking they are going to be selling boats for $200k+. Those days are long gone.
Its not just the factory, it's the dealerships - and from my experience the Centurion/Supreme dealers are a far better experience than Malibu at the very least. Malibu rubbed a lot of people the wrong way with their "take a number" approach when COVID hit - Centurion seemed like they went out of their way to get customers into their platform during that time. Then you add in the maintenance costs and shop fees versus other vendors.
They are a publicly traded company. When corporate entities get involved with businesses that are hobbies and passions, its almost always a bad situation. All the other boat brands are private except for heyday which is a small segment of brunswick.
I realize you stated how “relatively close,” the fed fund rate is to actual interest rates, which is true. But given the fed dropped their rate to 0.05% in 2021 and as I write this the current rate is hovering at 4.33, that’s not saying a whole lot. I financed my boat for 5.99% in 2021 and there is no way I could get that now, without requesting it from the loaning institution (which people and dealers can do). Interest rates offered to consumers are much higher today, which has brought the new and used luxury boat market to a screeching halt. A one point drop in the fed fund rate would help tremendously.
Its truly shocking that a Centurion/Supreme dealer makes a video saying 2025 is a good year to buy a boat, as long as its those brands 😂. The Tommy's inventory seems to be nearly all sold, but I don't believe it is accurate to say the impact is solely on Malibu/Axis. If Chevy suddenly has a fire sale on Silverados, that impacts the sales price / used value of all trucks.
Any insight as to why the manufacturers have such inflated MSRP? For example the MSRP on the NV 23 is like 230k. That number seemed really high and the sales guy let me know the realistic sale price is closer to 160-180k. Is it to give the illusion you are getting a good deal?
They do that to account for negative equity. Most boat owners are significantly under water. Pun intended.
Boardco released a video about a year ago explaining why it is happening across the board with all manufacturers. Basically one manufacturer started doing it and all others had to follow because people thought they were "getting a better deal" with more money off of MSRP. ruclips.net/video/pAu58mRkbcU/видео.html
Boats and rv’s are a mess and rates are terrible. Rates are 7%++ and the last year was terrible for new sales.
Boats rv’s and sxs manufacturers have lost their mind with current pricing. 21-24’ boats for 200-350k is just insane and if you bought a boat between 21-23 you are so far upside down you are stuck unless you plan to write a huge check.
I bought my boat in 2022. I keep a close eye on the used market. If I wanted to sell my boat right now, I'd probably get about 80-82% of what I paid for it. I plan to keep it though.
Surf boat just sounds so lame. Surfing is in the ocean.
You obviously havent' tried it. Why such an opinion?
@richardhite3953 my knees are still functional and I haven't given up on life so I still wakeboard.