Why have the prices of NEW boats increased so much in recent years?
The short answer:
– Tariffs (if the boat comes from a country other than the United States)
– Taxes, including the 10% Canadian luxury tax
– And, above all, the value of currencies
It’s mainly the third point that greatly influences the price of boats or yachts.
The majority of builders are now located outside the United States.
Of course, boats under 40 feet are mostly American, and those larger than 40 feet are mainly European, Australian, Chinese, and also Taiwanese.
There are also transportation costs, which have increased significantly to cross oceans (on top of a container ship).
Well, the vast majority of manufacturers quote prices in USD, but this currency has been declining since President Trump took office.
But to largely avoid this cost increase, newer and very newer boats may be a very reasonable alternative. Interesting.
To fully understand the situation, simply read the full article on the subject by clicking this link.
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