Camper & Nicholsons International shares insights into how the yachting market has fared overall in 2013, marked by peaks and troughs.
The last few turbulent years have generated a flight to quality and as the market has fluctuated and the evolution in size and technology has continued, Camper & Nicholsons International has ridden the waves, continue to maintain a firm position as leaders in the industry in an ever-changing economy. On the brokerage side of the business, there has been an upturn with regards to the value and number of yachts sold, where in 2013 there were 441 known yachts sold, compared to 308 yachts in 2012. Out of this figure, 10 yachts ranging from 75.50m (241’1) to 26.75m (87’9) were sold by Camper & Nicholsons International in December of 2013 alone.
While an upturn is good news, further analysis concludes that the market very much remains segmented into size and type. Real improvement can only be detected in certain specific areas at this time, instead of the market as a whole.
When it comes to analysing the currency, where Europe is yet to catch up with the US market, the split between yachts priced in the two main currencies, US Dollars and Euros, did not see a great discrepancy. In total, 202 yachts sold in US Dollars compared with 218 yachts with an asking price in Euros. The majority of the yachts priced in Euros were sailing yachts, representing 80% of the share.
All in all, 2013 was an interesting year for the yachting industry, having paved the way for a continuation of the bumpy road ahead for 2014. Optimism nevertheless seems to be a recurring theme throughout the industry, stemming from the yacht shows and spilling into the charter sector and all of our other services, including charter management, yacht management and crew recruitment.
For Camper & Nicholsons International, activity levels have been good, especially towards the end of the year with great interest generated around the various shows and events. Our Charter business also continues to do very well with great additions of yachts in the charter fleet along with enquiries and the US showing strong signs of recovery.
Should you need further, more precise information on any of the above figures, or more details on the list of yachts we currently have for sale, please do not hesitate to contact your Camper & Nicholsons broker.