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The votes are in. Elections do have an impact on boat sales.
Election years have always played a role that influence market segments such as real estate, stocks, and other key investment sectors. But talk around the water cooler has us asking, “What effect do elections have on the boating market – especially coming off the 2016 Fort Lauderdale International Boat Show?
Sales data aggregated from www.Soldboats.com from the past 3 presidential elections of 2004, 2008 and 2012, show that boats sold over 20 feet experience sales declines of .7% in October, 8.1% in November and 5.1% in December of the election year. If you rarify the boat size to boats sold over 50 feet the statistics change dramatically with sales declines of 13% in October, 23% in November and 9% in December of the election year. Clearly the bigger the boat, the more likely the buyer may delay his purchase decision until after the election.
There are no hard-fast rules to show when consumer confidence rebounds from a post election year, but studies have shown that pent up demand for high ticket items usually takes hold within 12-months with hi-ticket items sales rebounding in the following year.
So, the presidential elections are indeed an additional factor to be considered when we analyze the market and create forecasts. But for the many boater voters who are the last to abandon their sport, Nautical Ventures is your Go-To place for the latest models offered by Argo Nautic, Axopar, Avalon Pontoons, Buddy Davis, Cape Horn, Capelli, Carbon Craft, Chapman, Delta Powerboats, F-Rib, Glasstream Powerboats, Highfield, Impetus, Novurania, Rand Electric Boats, Release Fishing Boats, RibCraft, RibJet, SACS, the Wave, and more.
When it comes to boat sales in South Florida, Nautical Ventures has been serving this market for over 30 years. They’ve been helping boaters in Palm Beach County, Broward County and Dade County get on the water to enjoy trouble-free boating. They service everything they sell and they are factory trained to warranty everything they carry. Remember… you’re not just buying a boat- you’re buying the experience.
Sales data aggregated from www.Soldboats.com from the past 3 presidential elections of 2004, 2008 and 2012, show that boats sold over 20 feet experience sales declines of .7% in October, 8.1% in November and 5.1% in December of the election year. If you rarify the boat size to boats sold over 50 feet the statistics change dramatically with sales declines of 13% in October, 23% in November and 9% in December of the election year. Clearly the bigger the boat, the more likely the buyer may delay his purchase decision until after the election.
There are no hard-fast rules to show when consumer confidence rebounds from a post election year, but studies have shown that pent up demand for high ticket items usually takes hold within 12-months with hi-ticket items sales rebounding in the following year.
So, the presidential elections are indeed an additional factor to be considered when we analyze the market and create forecasts. But for the many boater voters who are the last to abandon their sport, Nautical Ventures is your Go-To place for the latest models offered by Argo Nautic, Axopar, Avalon Pontoons, Buddy Davis, Cape Horn, Capelli, Carbon Craft, Chapman, Delta Powerboats, F-Rib, Glasstream Powerboats, Highfield, Impetus, Novurania, Rand Electric Boats, Release Fishing Boats, RibCraft, RibJet, SACS, the Wave, and more.
When it comes to boat sales in South Florida, Nautical Ventures has been serving this market for over 30 years. They’ve been helping boaters in Palm Beach County, Broward County and Dade County get on the water to enjoy trouble-free boating. They service everything they sell and they are factory trained to warranty everything they carry. Remember… you’re not just buying a boat- you’re buying the experience.
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