Marine Market Insights 2021 Year End Review
Values in all segments of the marine industry increased throughout 2021, making the year a high- water mark in recent history.
Looking at individual segments, the most recent 10 model years of used outboard boat values averaged 30.9% higher in calendar-year 2021 vs.
2020, and 39.6% higher than 2019. Stern drives performed just as well, averaging 26.8% higher values in 2021 vs. 2020, and 34.5% higher than 2019. Inboard values averaged 43% higher in 2021 than 2020, and a whopping 62.1% higher than 2019.
Personal watercraft brought 21.1% more money year- over-year, and 28.4% more than 2019. As we enter the spring selling season, buyers are still searching for scarce inventory and are accustomed to higher pricing. This seller’s market should remain in place until the parts supply returns closer to normal and vacation travel becomes more viable.