Boat sales are up, and owners say they're getting harder to rent and repair

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Boat prices are up 10% this year as demand increases.The same shipping industry woes are to blame for shortages on other goods like lumber and furniture.Boats are becoming more expensive and harder to find across the US, from small vessels to large yachts.

Boat prices are up, and customers are left waiting months longer than anticipated for their purchases. In Michigan, which is a hub for boaters due to the surrounding Great Lakes, one dealership is displaying signs warning would-be customers to"Buy now before they are gone,"The state's largest pontoon dealer has only one new pontoon for sale, and the sales manager spoke of"inventory shortages" to WXYZ.

For customers looking to buy new, wait times start at three to even six months, or longer for specialty or unusual orders. Even the rich aren't immune to shortages as yachts in particular become harder to find."People just aren't putting their boats up for sale," Charles Corbbishley ofHe says buyers for new boats are on wait lists that go through 2023.

Like many shortages going on right now, a few causes converged to make boat buying difficult. Boating saw a rise in demand at the beginning of the pandemic that has continued since,

 

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