2023 Q1 Marine Market Insights Report

Marine Market Industry Overview

Boats and personal watercraft are still bringing historically strong pricing, with outboard and inboard boats still very close to peak pricing and stern drives and personal watercraft continuing to correct back towards pre-pandemic trend.

Looking at individual segments, the most recent 10 model years of used outboard boat values averaged 8.1% lower in the first four months of 2023 compared to the same period of 2022, and 2.5% lower than late 2022. Stern drives averaged 17.6% lower in the first four months of 2023 compared to the same period of 2022, and 5.4% lower than late 2022.

Inboards averaged 1.5% lower in the first four months of 2023 compared to the same period of 2022, and 0.5% lower than late 2022. Personal watercraft averaged 13.9% lower in the first four months of 2023 compared to the same period of 2022, and 3.9% lower than late 2022.

Inboards and outboards are holding steady at a high level, showing resiliency in an environment of high interest rates and increasing economic headwinds.