Second Quarter 2010 Reports Show Boat Sales Continue Slow Improvement

When looking at the Sold Boats Report from Yacht World (the country's most shopped internet
site) sales continue a slow improvement. In looking at the past five years the best years
were definitely 2005-2007. Sales went down considerably in 2008 but started a slow rebound in
2009. The first quarter of 2010 reflected double digit growth but that has slowed in the
second quarter with the economy seeming to stall again.

Currently the average time it took to sell a boat according to the Sold Boats report on Yacht
World was 300 days. This probably reflects the fact that there are a lot of unsold new boats
still on the market. It is not uncommon to see boats 2 to 3 years old that are still listed
as new units. The best deals on the market continue to be "pre-owned" boats that are 10 years
or less old. One other interesting note while sailboats seem to take as long as power boats
to sell their valuation seems to be creeping back up while power boat values continue to show
downward movement.