2023 Q2 Marine Market Insights Report
Depreciation in the first half of 2023 has been minimal, with outboard and inboard boats still 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 2.7% lower in the first half of 2023 compared to the same period of 2022, while stern drives averaged 17.4% lower. Inboards averaged 2.2% lower in the first half of 2023 compared to the same period of 2022, and personal watercraft averaged 14.8% lower. Dealer sentiment may not be as optimistic as a year ago, but values are still holding up.
With economic conditions continuing to correct back towards historic trend, we’ll continue to watch market activity and reflect any movement in our published values.