2024 Q3 Market Insights Marine

MARINE MARKET INDUSTRY OVERVIEW

Marine values have stabilized going into the 4th quarter, with less seasonal decrease compared to last year. Looking at individual segments, the most recent 10 model years of used outboard boat values brought 2.5% less money in the September-October period than July-August and 1.3% more year-over-year.

Stern drives brought 4.1% less in the September-October period than July-August and 7.5% less year-over-year. Inboards brought 3.4% less in the September- October period than July-August, and 12.4% less year-over-year.

Personal watercraft brought 2.6% less in the September-October period than July-August, and 1.9% less year-over-year Amid a less-positive inventory and demand environment, values are holding up respectably going into the 4th quarter. We are optimistic conditions will remain similar through the winter months.