Marine 2023 Year End Market Insights

MARINE MARKET INDUSTRY OVERVIEW
Most segments of the marine market returned to fairly typical conditions in 2023, with supply increasing and equity and financing more of a challenge.

Looking at individual segments, the most recent 10 model years of used outboard boat values brought 4.3% less money in the November-December period of 2023 compared to September-October, and 9.3% less in calendar-year 2023 compared to 2022.
Stern drives brought 8.2% less money in November- December compared to September-October, and 17.1% less in 2023 compared to 2022.

Inboards brought 8.7% less money in November-December
than September-October, and 6.9% less in 2023 than 2022. Personal watercraft brought 5.3% less in November-December than September-October, and 15.6% less in 2023 than 2022.