Camper and Nicholsons
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Market intelligence

3rd Feb 2015

Camper & Nicholsons contemplates this month’s market figures and looks back at 2014's final brokerage figures.

As market leaders Camper & Nicholsons brokers led the way throughout 2014 and remained at the forefront of last year's continued rise in yacht size and technology with the launch of a 140-metre C&NI project managed megayacht. 

Almost 500 brokerage yachts were sold in 2014, an increase of 12% on 2013, when 413 brokerage yachts were sold. The upturn was not just in value terms but also the volume of yachts sold.  It needs to be noted though that these figures are for known sales, whilst certain brokerage sales remain private and unknown, though the data for 2013 was based on the same findings. 

While a general upturn is welcome news, it is only when you drill down into the detail that you can see that the market is still segmentally split by size and type, and that market improvement is confined to specific segments.  During 2013, the 24m - 30m sailing yacht category accounted for 26% of all sailing yacht sales. This leapt to 37% during 2014 whilst the 30m - 40m sailing yacht segment accounted for 35% of sales, 22% in the 40m - 50m sailing yacht size segments and 6% for the 50m+.   

The motor yacht sales remained pretty constant between 2013 and 2014, with a 2% drop in sales in the 50m+ size segment, while the 24m - 30m sized motor yachts sales increased slightly.  This could be viewed as an indication that  clients are purchasing smaller yachts, although the number of clients in this size range have increased rather than potential large yacht buyers looking at smaller yachts. This is good for the yachting market as it indicates there are new clients dipping their toes into the water, some of whom may start small and move on to bigger yachts in the future.

The split between yachts priced in US dollars and Euros was about equal, with 245 yachts sold priced in USD and 229 yachts with an asking price in Euros, the remainder were in other currencies.  More sailing yachts were sold priced in Euros  (73% of the sailing yacht sales).

All in all, 2014 has been an exciting and interesting year for yachting, and looks to have paved an inviting and stable road ahead for 2015. Optimism seems to be a recurring theme throughout the industry, spilling into the charter sector and all of superyacht services, including charter management, yacht management and crew recruitment.

For more information on the yachting industry or for brokerage expertise, please contact one of Camper & Nicholsons' sales brokers.
 

by Camper Nicholsons

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All in all, 2014 has been an exciting and interesting year for yachting, and looks to have paved an inviting and stable road ahead for 2015. Optimism seems to be a recurring theme throughout the industry, spilling into the charter sector and all of superyacht services, including charter management, yacht management and crew recruitment.