why are boats so expensive
mnmusky
Posted 5/6/2019 6:42 PM (#936960)
Subject: why are boats so expensive




"The main reason boats are so expensive is due to a lack of demand. Because the overall demand for boats is low, the cost to buy a boat is high. Manufacturers can't drive the cost down through high-volume production. Sep 29, 2018"


I googled the topic sentence. and this is the first to pop up. makes sense, I guess. among other factors, they need higher profits to stay afloat.
Brian Hoffies
Posted 5/6/2019 7:18 PM (#936963 - in reply to #936960)
Subject: RE: why are boats so expensive





Posts: 1800


High price boats keep the riff raff off the lake. Can you imagine your favorite lakes if boats were priced like TV's?
mikie
Posted 5/7/2019 6:57 AM (#936977 - in reply to #936960)
Subject: Re: why are boats so expensive





Location: Athens, Ohio
For the same reason divorces are so expensive: because they are worth it!

Actually, is it the 'boat' that is so costly, or the engine? m
madmurph
Posted 5/7/2019 7:53 AM (#936986 - in reply to #936960)
Subject: RE: why are boats so expensive




Posts: 104


mnmusky - 5/6/2019 6:42 PM

"The main reason boats are so expensive is due to a lack of demand. Because the overall demand for boats is low, the cost to buy a boat is high. Manufacturers can't drive the cost down through high-volume production. Sep 29, 2018"




Interesting. One would think the opposite. I would have assumed during strong economic times that boats would be in higher demand due people buying more non-essential luxury items such as boats, RV's, motorcycles, sports cars, etc. I have read on other forums about long wait times for new boats being shipped from manufacturers due to shortages of Yamaha motors and the new Mercury motors.



Edited by madmurph 5/7/2019 7:54 AM
Sudszee
Posted 5/7/2019 8:13 AM (#936989 - in reply to #936963)
Subject: RE: why are boats so expensive




Posts: 152


Brian Hoffies - 5/6/2019 7:18 PM

High price boats keep the riff raff off the lake. Can you imagine your favorite lakes if boats were priced like TV's? ;-)


I am riff raff. Just ask any lakeshore owner.
sworrall
Posted 5/7/2019 8:52 AM (#936994 - in reply to #936989)
Subject: RE: why are boats so expensive





Posts: 32944


Location: Rhinelander, Wisconsin
Overall sales are good this year. Margins have not changed much in decades, costs certainly have.
jvlast15
Posted 5/7/2019 10:43 AM (#937001 - in reply to #936960)
Subject: RE: why are boats so expensive




Posts: 318


mnmusky - 5/6/2019 6:42 PM

"The main reason boats are so expensive is due to a lack of demand. Because the overall demand for boats is low, the cost to buy a boat is high. Manufacturers can't drive the cost down through high-volume production. Sep 29, 2018"


I googled the topic sentence. and this is the first to pop up. makes sense, I guess. among other factors, they need higher profits to stay afloat.


Definitely not the case. Boat prices are based off demand and the cost it takes to produce them. Think about all the materials that are put into a boat...are those materials getting any cheaper? Along with that, you can only price a product at what people are willing to pay. If people all of the sudden stopped purchasing boats, prices would probably go down.
ToddM
Posted 5/7/2019 1:50 PM (#937014 - in reply to #936960)
Subject: Re: why are boats so expensive





Posts: 20266


Location: oswego, il
Riff-raff=FIBS going to have to start a 14' boat at 100k and go up.:-)
Reelwise
Posted 5/7/2019 3:24 PM (#937016 - in reply to #937014)
Subject: Re: why are boats so expensive




Posts: 1636


Bass Pro Shops.

Bare essentials.

Have fun when you are not on the water... one step at a time.

One way to start...

Grab a pencil and some paper.

ToothyCritter
Posted 5/7/2019 3:50 PM (#937019 - in reply to #936960)
Subject: Re: why are boats so expensive





Posts: 667


Location: Roscoe IL
The Ranger 621 costs more than my first house. I had to make promises out the wazoo to the wife to get a 2019 Reata that's caters more for tubing & skiing for the kids & their friends, but has fishing features that work for us as well. When I saw that new 621 in the showroom when I went in to pick it up, I wanted to trade up right away.

Then I saw the price. I'm still in shock at the price and shear beauty of that boat. I'm very happy with mine but that 621 is impressive and now I have a target to shoot for, for a retirement gift for myself way down the road.

Edited by ToothyCritter 5/7/2019 3:52 PM
Vilas15
Posted 5/7/2019 5:24 PM (#937021 - in reply to #937019)
Subject: Re: why are boats so expensive




Posts: 189


Inflation and the improvements, technology, and features that have become standard in a new boat. If you could pay the same amount for a brand new Lund Pro V or a 2000 Lund Pro V that was put in a time capsule, which one would you choose? Even counting for inflation, cars back in the day were cheaper when seatbelts/AC/etc. weren't a standard feature. Now you've got navigation on a touch screen.
North of 8
Posted 5/7/2019 5:50 PM (#937025 - in reply to #937021)
Subject: Re: why are boats so expensive




I was living in Fond du Lac when Mercury was developing the Verado. Years in development and testing. Just the production line cost over $5 Million. Built in Germany, assembled and run there, then shipped and reassembled in Fond du Lac. That is just one assembly line for one motor. They brought in an engineer from Germany who had previously worked for Porche just to fine tune the super charger. Outboards today are incredibly complex, powerful and efficient. That kind of engineering, manufacturing does not come easy or cheap.
mnmusky
Posted 5/7/2019 6:15 PM (#937028 - in reply to #937025)
Subject: Re: why are boats so expensive




a guy at the marina once told me, You gotta pay to play and maybe bleed out the arse a little too.
Brian Hoffies
Posted 5/7/2019 6:55 PM (#937031 - in reply to #936960)
Subject: Re: why are boats so expensive





Posts: 1800


Can anybody point me towards a app or book to help me decipher what Reelwise posts. I'm trying but for the life of me I think i'm missing most of it.
Top H2O
Posted 5/7/2019 7:33 PM (#937033 - in reply to #937031)
Subject: Re: why are boats so expensive




Posts: 4080


Location: Elko - Lake Vermilion
Brian Hoffies - 5/7/2019 6:55 PM

Can anybody point me towards a app or book to help me decipher what Reelwise posts. I'm trying but for the life of me I think i'm missing most of it.


Brian, I got nothing ! Wish I knew what was going on in that Complex mind.
Reelwise
Posted 5/7/2019 9:49 PM (#937045 - in reply to #937033)
Subject: Re: why are boats so expensive




Posts: 1636


Basically...

I said you can buy boats at a fairly, inexpensive price... from Bass Pro Shops.

You may then... customize the boat you choose - how you wish.


Brian Hoffies
Posted 5/8/2019 6:41 AM (#937048 - in reply to #937045)
Subject: Re: why are boats so expensive





Posts: 1800


Reelwise - 5/7/2019 9:49 PM

Basically...

I said you can buy boats at a fairly, inexpensive price... from Bass Pro Shops.

You may then... customize the boat you choose - how you wish.




Much better.

Maybe in the future you can post once for the masses and than a translation for me?

Thanks.
kdawg
Posted 5/8/2019 6:53 AM (#937049 - in reply to #937048)
Subject: Re: why are boats so expensive




Posts: 785


Why would u want a slow inexpensive boat when u can buy a flashy high powered rig that u can do 60-70 mph past a homeowners dock? Think of the envy u can create from the folks on the shoreline watching u go by. kdawg
VMS
Posted 5/8/2019 7:15 AM (#937051 - in reply to #936960)
Subject: Re: why are boats so expensive





Posts: 3508


Location: Elk River, Minnesota
It's gotta be the glitter finish!!

We see that on a new glass boat and we are in awe and wonder.... The price doesn't matter....it's that nice shiny glitter in the sun that does it every time.

If memory serves me, fiberglass boats are very labor intensive, then, along with rising costs of materials, etc, they will only go higher and higher.

What I still cannot wrap my mind around to some extent is that some of these new boats are twice what I paid for my truck brand new and accessorized...

Electronics? Holy crap!! The components that go into them are nowhere near what you pay for the product and most of that will be done by computer for creation (circuit boards, programming software, etc.). I just don't see how a $2500 locator has more than $250 worth of components in it... It's like Beats headphones. $300 for a product that cost $25 to build.

Steve
Cicciospin
Posted 5/8/2019 8:13 AM (#937058 - in reply to #936960)
Subject: Re: why are boats so expensive




Posts: 108


Location: ITALY
and for you it is a national product, you have no idea what costs a boat of your own imported in Italy.... sigh
to give you an idea a deep V 16.5 tracker in Italy a friend of mine paid € 32,000
Reelwise
Posted 5/8/2019 8:46 AM (#937062 - in reply to #937048)
Subject: Re: why are boats so expensive




Posts: 1636


I will think about it.

It would take less negative, non-sense from the outside for that to happen.

Can you do me a favor? Maybe ask a few questions before assuming the worst.

I will take into consideration: you do not understand a few things. There is plenty I do not understand... due to not knowing the details. I can not tell you exactly how large the sun is... but, I may be able to tell you the exact size of many lakes based on actually scanning them, foot by the foot. I usually give it a little bit before I say something if I have no clue what is going on. haha

But, hold on a moment... did you not just post in the same way?

Oh, yes... please - I enjoy conversing... so, please - spare me.

Let's talk about those boats... and keep in mind that there is an age limit on this website.

Come on dude... I mean well... and always have. Even when they sent the Sharks after me for always doing what was best for others when it comes to the game.

How is that for an attempt to make you laugh and smile?
Reelwise
Posted 5/8/2019 9:22 AM (#937063 - in reply to #937049)
Subject: Re: why are boats so expensive




Posts: 1636


kdawg - 5/8/2019 7:53 AM

Why would u want a slow inexpensive boat when u can buy a flashy high powered rig that u can do 60-70 mph past a homeowners dock? Think of the envy u can create from the folks on the shoreline watching u go by. kdawg


What about the Mantatee's?
ToothyCritter
Posted 5/8/2019 10:03 AM (#937064 - in reply to #936960)
Subject: Re: why are boats so expensive





Posts: 667


Location: Roscoe IL
Reelwise I sure enjoy reading your posts. They put a smile on my face,, same smile I get when I pour Bailey's Irish Cream in my coffee on a snowy morning with only one plan to start off with.

Cant drink all day if you don't start in the morning plan. Always an enjoyable adventure.
kdawg
Posted 5/8/2019 10:36 AM (#937066 - in reply to #937064)
Subject: Re: why are boats so expensive




Posts: 785


It's all about you and your boat. It's your world and the rest of us just live in it. Kdawg
Reelwise
Posted 5/8/2019 4:23 PM (#937083 - in reply to #937048)
Subject: Re: why are boats so expensive




Posts: 1636


Brian Hoffies - 5/8/2019 7:41 AM

Reelwise - 5/7/2019 9:49 PM

Basically...

I said you can buy boats at a fairly, inexpensive price... from Bass Pro Shops.

You may then... customize the boat you choose - how you wish.




Much better.

Maybe in the future you can post once for the masses and than a translation for me?

Thanks.


LOL!
Vilas15
Posted 5/8/2019 5:23 PM (#937088 - in reply to #937051)
Subject: Re: why are boats so expensive




Posts: 189


VMS - 5/8/2019 7:15 AM
Electronics? Holy crap!! The components that go into them are nowhere near what you pay for the product and most of that will be done by computer for creation (circuit boards, programming software, etc.). I just don't see how a $2500 locator has more than $250 worth of components in it... It's like Beats headphones. $300 for a product that cost $25 to build.


You're right about the Beats headphones, they are selling the brand/prestige and are actual junk. I disagree with your point about "most of that will be done by computer for creation (circuit boards, programming software, etc.)". Are you saying that computers now design software and electronics on their own and you just have to press a button? That programmers and computer engineers are overpaid? That any idiot could design a side-imaging fish finder for minimum wage? That R&D costs shouldn't factor into the sale price of a product? If you want to argue that profit margins on fishing electronics are too high for your taste I'd love to see a typical cost breakdown. And if they're overcharging then get yourself into the industry and undercut them and you'll make boatloads of money (pun intended).
djwilliams
Posted 5/8/2019 6:37 PM (#937091 - in reply to #936963)
Subject: RE: why are boats so expensive




Posts: 793


Location: Ames, Iowa
Golf keeps the riff raff off the lakes. Someone on MF a long time ago wrote that 'golf keeps the unworthy off the lakes'. I love golf, and more people should play it.
VMS
Posted 5/8/2019 7:52 PM (#937094 - in reply to #937088)
Subject: Re: why are boats so expensive





Posts: 3508


Location: Elk River, Minnesota
Vilas15 - 5/8/2019 5:23 PM

VMS - 5/8/2019 7:15 AM
Electronics? Holy crap!! The components that go into them are nowhere near what you pay for the product and most of that will be done by computer for creation (circuit boards, programming software, etc.). I just don't see how a $2500 locator has more than $250 worth of components in it... It's like Beats headphones. $300 for a product that cost $25 to build.


You're right about the Beats headphones, they are selling the brand/prestige and are actual junk. I disagree with your point about "most of that will be done by computer for creation (circuit boards, programming software, etc.)". Are you saying that computers now design software and electronics on their own and you just have to press a button? That programmers and computer engineers are overpaid? That any idiot could design a side-imaging fish finder for minimum wage? That R&D costs shouldn't factor into the sale price of a product? If you want to argue that profit margins on fishing electronics are too high for your taste I'd love to see a typical cost breakdown. And if they're overcharging then get yourself into the industry and undercut them and you'll make boatloads of money (pun intended).


No...not saying the computers do it all.. Obviously there are people behind that technology being put together and some hand labor for assembly, but I'd bet when you consider the cost of the physical components, and for the number of units they can produce, that engineering of the software is most likely paid for quickly and becomes pure profit. Once the software is complete, it's a matter of uploading it, over and over and over...

Never said anyone was overpaid, but we the consumer I do believe we overpay for the products. We pay the extra dollars for the features and yes...the features do get better and better no doubt. But I cannot for the life of me believe if you looked at the cost of production, etc. it would be nowhere near the $2500 sale price for the unit.

Steve
tolle141
Posted 5/8/2019 10:45 PM (#937098 - in reply to #937058)
Subject: Re: why are boats so expensive





Posts: 1000


Cicciospin - 5/8/2019 8:13 AM

and for you it is a national product, you have no idea what costs a boat of your own imported in Italy.... sigh
to give you an idea a deep V 16.5 tracker in Italy a friend of mine paid € 32,000


that's ridiculous. are there no comparable boats available in the EU? a 16.5' tracker is like $15K new and $10K two years later!
Cicciospin
Posted 5/9/2019 2:09 AM (#937102 - in reply to #936960)
Subject: Re: why are boats so expensive




Posts: 108


Location: ITALY
something in recent years yes, I bought an Italian boat similar to your musky boats, otherwise there are the Finvals or the Marcraft of European production
Cicciospin
Posted 5/9/2019 2:14 AM (#937103 - in reply to #936960)
Subject: Re: why are boats so expensive




Posts: 108


Location: ITALY
but for fish finder and trolling motor the prices are very high and there isn't alternative...
For example my solix 12 in italy costs € 4300
Brian Hoffies
Posted 5/9/2019 7:33 AM (#937109 - in reply to #936960)
Subject: Re: why are boats so expensive





Posts: 1800


Many layers of companies feeding at the trough between conception & sales of the products.
I'm in Kansas City often and drive by the Garmin factory there. Big & modern. I can only imagine Lowrance & Humminbird have the same thing.
sukrchukr
Posted 5/9/2019 12:45 PM (#937130 - in reply to #936960)
Subject: Re: why are boats so expensive




Location: Vilas
Yea I dont quite understand the prices myself. You can buy a new truck for less than some of those new boats. There is waaay more engineering and tech in a vehicle than a boat. I guess the mass production has an impact on vehicle pricing. I look at those new Rangers and then the $80K price tag and just shake my head. My old lund still does its job, as long as it floats I will catch fish out of it. Some ppl think the more they pay the better something is,but thats not really the case.... or they want the prestige they think comes along with the ownership. If you dont know how to fish, an $80K Ranger aint gonna fix that
Cicciospin
Posted 5/9/2019 1:38 PM (#937133 - in reply to #936960)
Subject: Re: why are boats so expensive




Posts: 108


Location: ITALY
I perfectly agree with you sometimes having a high level boat is just a status symbol
Pat Hoolihan
Posted 5/9/2019 1:49 PM (#937134 - in reply to #936960)
Subject: Re: why are boats so expensive




Posts: 386


Speaking strictly of fresh water fishing boats, when you get into the big named players theres no doubt you are paying for the name, but you're also paying for the technology and man-hours it takes to complete the boat, speaking for fiberglass. The vast majority of hours it takes to complete these rigs are done by hand, by skilled craftsman. I guess I don't see the problem if someone has the $ to drop on a $90k rig; it doesn't make them a better fisherman. When my wife and I were looking at boats a few years ago I didn't have a hard time selling her on the price because she's well aware how much I fish. I do laugh at the guys who sell one year-old boats in excess of 80k with only 20 hours on them but hey, it's usually a good deal for the buyer.
7ovr50
Posted 5/9/2019 4:48 PM (#937139 - in reply to #936960)
Subject: Re: why are boats so expensive




Posts: 427


I came to realize years ago that the only view a fish sees is the bottom of the boat and I'll bet except for length they all look the same to them. That being said it's not the stake or sizzle that catches the fish. It's the guy at the table. Granted bigger faster boats allow for more options on the water but they do not make the captain a better fisherman by spending 80k on a boat. The glitter is nice but it does not the ensure success. There are plenty of locals fishing out of John boats catching more and bigger fish than many of the upper end boaters.
ToothyCritter
Posted 5/10/2019 8:36 AM (#937173 - in reply to #936960)
Subject: Re: why are boats so expensive





Posts: 667


Location: Roscoe IL
Agreed that the boats don't catch the fish. Someone said the life is too short to fish with crappy equipment and I agree with that. I also agree that the fish don't care and will hit a $5 setup the same as it will hit a $1000 set up and the fish don't care what kind of boat it is.

It's all relative to each person and their desire and budget to feed that passion. If you have a desire and work your tail off and made sacrifices to make it happen, then go get the rig you always wanted or whatever it is.

My friend just purchased a 1969 Super Bee and it took him 10 years to save for it. He busted his but to make it happen and he did it and I'm happy for him. Another friend had to work weekends in addition to his regular job just to scrape together enough cash to put new tires on his family's mini van. I respect the efforts equally.
tolle141
Posted 5/10/2019 12:13 PM (#937182 - in reply to #937102)
Subject: Re: why are boats so expensive





Posts: 1000


Cicciospin - 5/9/2019 2:09 AM

something in recent years yes, I bought an Italian boat similar to your musky boats, otherwise there are the Finvals or the Marcraft of European production


at those prices I'm amazed the American companies don't setup manufacturing in Europe, and pocket the taxes/fees/tariff charges that drive up the price to you.
sworrall
Posted 5/10/2019 1:04 PM (#937190 - in reply to #936960)
Subject: Re: why are boats so expensive





Posts: 32944


Location: Rhinelander, Wisconsin
The margins in the marine industry are no better or worse than those in automotive, big picture. A considerable cost to the builder is advertising and promotions, and the boats with the biggest price tag will be the ones with the largest ad/promo budgets. Literally everything they do that costs anything at all is passed along in increased pricing.

It's that activity that creates the demand and perceived value, coupled with customer loyalty. Is any 21' boat worth nearly $100,000 rigged up with all the new toys?

It is if people will pay that much. If they don't that model will go bye bye and a less fancy ride will appear in it's place, or at the least be offered as a second choice. The cost is not arbitrary. A great example in current news is the Google phone. Over $800 wasn't selling, so they released a very similar functioning phone made with lower cost materials for $399.

ToddM
Posted 5/10/2019 3:12 PM (#937192 - in reply to #937190)
Subject: Re: why are boats so expensive





Posts: 20266


Location: oswego, il
The cost is not arbitrary. A great example in current news is the Google phone. Over $800 wasn't selling, so they released a very similar functioning phone made with lower cost materials for $399.



And neither of them like wordpress!