Game Changer |
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05 210
Platinum Member Joined: February-17-2006 Location: Southern Maine Status: Offline Points: 1481 |
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Posted: July-22-2015 at 10:42pm |
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Had this conversation with Dave Hart last weekend. My neighbor at the lake just bought a 20' Malibu VTX. Sticker was $98k. Beautiful boat......but a $100k for 20'? C'mon man! He traded in an 04 21' Centurion Lightning that did everything he needed it to do with plenty to spare. Some people just have money to burn and those are the people who spend it when the economy dips so manufacturers cater to them . I've been in the VTX twice now and while it is very nice it would take you days to figure out how to run the thing properly. The amount of *************** in it is just crazy. Surf gates, wedge, 4 or 5 ballast tanks, speed control, bluetooth, rider memory, etc all done through a digital touchscreen. Not really my cup of tea and while it may be more convenient to do certain things once you figure it all out the boat doesn't really do anything my 210 won't do at the level most people do it. It just takes a little more effort which is no big deal. Mike |
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a0128
Senior Member Joined: May-05-2014 Location: Oregon Status: Offline Points: 226 |
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Yes - Harley is guilty as well, though I think you may have missed my point - which is, when my 1999 Pro Air was new it sold for around $36,500 (MSRP). Adjusted for inflation in 2015 dollars that would be around $52,283. A Super Air Nautique, inflation adjusted would be around $59,444. These are numbers I can get my head around and would think the someone could work into their budget if they wanted to. I don't see that happening when your product costs $130k+ . Most every manufacturer has a "crown jewel" in their product line as it is what represents the brand. I think you need that to help differentiate yourself in the marketplace. I also think you need a more reasonably priced option as well, as this is going to be your "bread and butter" that sells to those who want the brand but can't afford your high end product. Nautique's lowest priced offering is their Ski Nautique starting at $72,388. Either material and labor costs have risen more than inflation or margins are ridiculously high. Maybe a little of both. Why can't Nautique make a sub-$60k boat? This is where I was going when I stated that many companies have lost sight of the average working individual in their product portfolio. |
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74Wind
Grand Poobah Joined: August-02-2011 Location: Georgia Status: Offline Points: 2101 |
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Attaboy Justin. So like I'd guessed the average price across the site is less than 10K. |
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1974 Southwind 18
1975 Century Mark II |
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Tim D
Grand Poobah Joined: August-23-2004 Location: United States Status: Offline Points: 2641 |
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Hey Terminaldegree, you forgot the second cooler, at the back near the swim deck.
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Tim D
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Toertel
Gold Member Joined: August-26-2013 Location: Atlanta Status: Offline Points: 775 |
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Bottom line for me is this:
CC keeps improving their best selling products (like the ski/sport in the past), while still offering the traditional ski/sport/airs They don't seem to compromise on quality and that is something one can tell as our boats still run/look great and thus they ask for a premium compared to others. I did a fluid change last week with the boat on the wash rack next to mine being a brand new top of the line axis (100k plus) and the gel coat alone looked worse than mine or any new G for that matter...same for the interior And they seem to be selling quite a few G's based on what I saw during the factory tour last time I went (and almost no skis) So while the gamechanger might not be appealing to us and what we do, it keeps folks employed and sells boats I understand that and maybe one day when folks are back into skiing (I seem to see mor folks trying it again), that trend might be reveresed and we get a new ski/bfn LOL that was long |
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1994 Sport Nautique
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74Wind
Grand Poobah Joined: August-02-2011 Location: Georgia Status: Offline Points: 2101 |
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That's true in many markets. You think Harley cares more about the old school guy looking for panhead parts, or the guy who plunks down 30K on a new bike and then a few more grand on accessories and apparel? |
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1974 Southwind 18
1975 Century Mark II |
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Chevy350
Gold Member Joined: June-24-2013 Location: Illinois Status: Offline Points: 721 |
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The average price out of 80 boats on this site is exactly $8446.30.
If anyone cares. I got through 13 boats on planet nautique and was at about 400k, average price of $31k. |
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1972 Mustang
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a0128
Senior Member Joined: May-05-2014 Location: Oregon Status: Offline Points: 226 |
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It's not just Nautique who is building these huge, expensive boats. Take a look at Mastercraft, Axis, Tige, Centurion they are all building for the same demographic. In part because there is huge margins in this type of boat and in part because people are buying them.
It is unfortunate that all these companies have lost sight of the average working man (or woman) in their product portfolio. |
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terminaldegree
Groupie Joined: October-05-2014 Location: Georgia, USA Status: Offline Points: 90 |
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If it sells well for Correct Craft, it's good news for them. However, I wouldn't be caught dead owning a "spork-bow" boat, even if I had the money. I think I'd sooner buy an i/o, and I don't really want to do that, either...
When I think back on my first experiences seeing Nautiques, certain things remain in memory: simplicity, durability (they were the first gas engine hour meters I saw in excess of 2000 while working on the gas dock!), graphic design that had an instant brand connection, and an overall aesthetic that uniquely says "this is a Nautique", even from 100 yards away. People look at our boat when it's all cleaned up, and still think it's cool-- we get compliments all the time. Everyone seems to think the boat is much newer than 19 years old. If I could wave a magic wand and change anything about our Sport, I'd want a little more interior room, a few inches more freeboard, a little better rough-water performance, a less sloppy helm electrical system, and maybe a walk-through to the bow instead of flopping into the playpen. Now, 99.8% of us (here at CCF) will never get a G-whatever as our next boat, but we're brand-loyal, so let's look through the rest of the Nautique lineup for the things I desire in my next boat. Should I get a new 200 Sport? Looking over the "features" list on their website: Hullside exterior: Absolutely hideous. A bad re-imagining of "retro", with chroma graphics that look like they came from a 1983 Glastron. Does it also have the idotic brand appliqué that protrudes from the side of the hull? This was not designed by a boater who has ever kept a boat for more than two years... Removable center pylon: Awesome for the way I use a boat. Built-in cooler: Nice. My current boat already has one, which I use for storage instead. Transom walk-through: Nice. My boat already has this, though it's less wide. Cockpit rear storage: More storage is always a good thing, though I don't like to run heavier than I absolutely have to. Rear trunk storage: Great. Wakeboard racks: Hate these, aesthetically. Also, hit my head on one in the showroom. If we have to have them, can they be made easily detachable for people that like boats that look like...boats? Helm: This is a terrible design that no experienced boater will ever want. You're putting all your eggs in a proprietary, digitally-controlled basket that only displays through one screen? Call me in 10 years and let me know how that's working out for the current owner... Also, I have to take my eyes off the horizon to look at the screen or press a button. Not smart. Tower speakers: I usually listen to the stereo when sitting down or swimming, so high-mounted speakers are not something I need. Does it double as a loud-hailer or something? Bow seating: Yes. It has bow seating, just like every other bow rider ever made. Transom stereo remote: Ok. I wonder how long it will last, exposed to the elements? Observer seat storage: Every Sport Nautique has had this since what, 1990? Herein lies the problem. I think I solve my "wants" list just as effectively by getting a 1999 Super Sport in good condition, so long as the parts supply for the GT40 is plentiful and reasonable. I'm not quite the age and income demographic that the company is probably targeting, but I'm close enough that they should be slightly concerned with the direction things are headed... |
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1996 Sport Nautique GT40/Acme 422
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spiralhelix
Senior Member Joined: August-06-2014 Location: IL/WI Status: Offline Points: 496 |
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One other thing that can influence the average, is that not every sale on this site is "lake ready", so there may be additional costs after the sale price of these older boats, compared to boats over at PN. I would wager a bet that very little $$ goes into repairs (stringer, engine, carb, etc) so the price gap might actually be smaller. For what we paid for ours, we put 1/2 as much more into getting new upholstry, carpet, and trailer repairs. So our total purchase price + repairs was closer to your average of just sale prices. |
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Hansel
Senior Member Joined: September-21-2006 Location: Twin Cities, MN Status: Offline Points: 415 |
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What the boat cost to buy and what the boat costs to run are very different things, and quite rapidly the latter will eclipse the former. Still, all things equal, a more expensive boat is likely more expense to run on an absolute basis.
Speaking of the Great Recession, I don't know if this strategy is what got them out of it and I am also not confident that such a strategy won't lead to their downfall when the next one hits. |
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Riley
Grand Poobah Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7954 |
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Everything costs more today because of the technology and all the bells and whistles. Correct Crafts were never cheap. A new '66 Cuda cost about the same as a '66 Vette, and even though that was somewhere in the 4k range, that was way more than the average guy could afford. I don't know what a 66 Suburban or window panel truck cost back then, but it is no where near as much after inflation as a new Suburban is today. There's enough material in one of those G boats to build 2 200's. People want this stuff. I don't, but that is what got Correct Craft out of the Great Recession. If we drag the site average down, it's because we've talked ourselves into everything costs "not much" and we don't keep track too much.
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Toeboat
Groupie Joined: December-16-2009 Location: Michigan Status: Offline Points: 84 |
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I bought my 89 BFN new. It's a great boat.
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Toeboat
89 BFN w/454 bought new and still love it. 06 Ski Nautique w/ZR6 72 Promo |
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74Wind
Grand Poobah Joined: August-02-2011 Location: Georgia Status: Offline Points: 2101 |
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So I added up the 10 most recent for sale postings on the site:
Total=119394 Avg=11939 However, there are 2 pricy boats,1 @ 26500 and 1@24000, that probably sKew the number for this sampling. Disclaimer: The value of this sample analysis is dubious at best and further research should be handled by someone who actually passed Statistics the first time. |
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1974 Southwind 18
1975 Century Mark II |
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Orlando76
Grand Poobah Joined: May-21-2013 Location: Mount Dora, FL Status: Offline Points: 3108 |
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$hit, by the time I'm done pushing the 15 figure back up to reality. |
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Please support The Cystic Fibrosis Foundation
1976 Ski Nautique 351 Escort 1993 Ski Nautique purple and black 351 HO PCM |
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63 Skier
Grand Poobah Joined: October-06-2006 Location: Concord, NH Status: Offline Points: 4269 |
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You may be right. I suppose every time the Benjamin or Hart clans buy a gem in the rough for 900 bucks it drags the site average down!
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'63 American Skier - '98 Sport Nautique
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C-Bass
Platinum Member Joined: November-18-2008 Location: Columbus, IN Status: Offline Points: 1248 |
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I think your CCFan number is high, and your PN number is low. |
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Gary S
Grand Poobah Joined: November-30-2006 Location: Illinois Status: Offline Points: 14096 |
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I would think the PN would be a higher number just because the site owner gets a new G boat every year
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63 Skier
Grand Poobah Joined: October-06-2006 Location: Concord, NH Status: Offline Points: 4269 |
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That would be an interesting figure. I'm guessing average purchase price for a boat on CCFan is $15,000, average price paid on PN is $45,000. Anyone think I'm close? |
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'63 American Skier - '98 Sport Nautique
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63 Skier
Grand Poobah Joined: October-06-2006 Location: Concord, NH Status: Offline Points: 4269 |
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I have the bill of sale from my '63, will dig it out and see what it cost, I think somewhere around $3,100. I didn't buy it (I was 2) but my neighbor did, it's a 2 owner boat that traveled 200 ft. arcross the yard when it went from owner 1 to owner 2.
Thanks for the number crunching, so it seems there's been a large escalation in prices. I do think it's worth noting that when we say "all the bells and whistles" in 1975, or even in 1995, we were talking some upholstery or other trim or gauge upgrades. New boats now have to have perfect pass, ballast systems, high end stereos, towers, electric/hydraulic wake systems, heaters and showers, on and on and on. The equipment buildout on a modern boat is pretty huge. We talk about it endlessly here, if my boat does everything I want it to, and I've got around 20 grand into it now, would I buy a new Sport 200 for 60-70 grand? No. But I get it why people do. |
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'63 American Skier - '98 Sport Nautique
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74Wind
Grand Poobah Joined: August-02-2011 Location: Georgia Status: Offline Points: 2101 |
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I'd be curious how many CCFANS actually bought their boat new, I suspect very few.
also be curious the average sale price across the site, I would guess less than 10K? Then be curious on both for Planet Nautiquers. Quite different I'm sure. Now you've got me real curious how much my dad paid for my Mark II in 75......Hmmmmm. What I do know is that after a long line of Resorters he succumbed to mom's request for a "normal" family boat so they got a Century Raven, which he hated. A few months later they saw this shiny new red hot rod at the marina, my mom jokingly said "red...it'd match the cottage". That was just the opening he needed. ... bought it on the spot... |
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1974 Southwind 18
1975 Century Mark II |
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Orlando76
Grand Poobah Joined: May-21-2013 Location: Mount Dora, FL Status: Offline Points: 3108 |
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Dad bought his '75 Ski Nautique new in October '74 with every option including trailer for $6,600, out the back door cash deal with d*ck Bugby. He claims the same boat then could've/should've sold for 12k (depending on color of your collar) but they just weren't selling due to gas crunch etc. I think that 12k number is a bit stretched.
According to the inflation calculator that's $29,xxx today. If they were really selling for that $12k figure almost sounds right considering you MIGHT be able to get into a stripped SN today in the $6X,XXX range. As a side note, dad sold his '73 Martinique he bought new, every option including trailer and 351 HM for $4500, used it for two years and sold it for $5000. He says he didn't make money off it, it was just inflation/deflation of the time. |
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Please support The Cystic Fibrosis Foundation
1976 Ski Nautique 351 Escort 1993 Ski Nautique purple and black 351 HO PCM |
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halfnelly
Senior Member Joined: January-14-2013 Location: Maitland, FL Status: Offline Points: 253 |
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No math needed, there are websites for that! http://www.usinflationcalculator.com/ Be forewarned, be prepared to be depressed at how badly the dollar has been devalued. Regardless of purchasing power, boats are more expensive. For instance, a well-optioned new SN back in 1995 was roughly $28k (I remember my dad complaining at the boat show how much more expensive Correct Crafts were, lol), which equates to $43,844 today. I'm pretty sure you can't score a new SN 200 for under $60k. Conversely, a $100k boat today would have cost $63k back in 1995. |
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63 Skier
Grand Poobah Joined: October-06-2006 Location: Concord, NH Status: Offline Points: 4269 |
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I enjoy thinking through stuff like this about the wake boats and the cost.
CC's were never exactly cheap. I don't want to go through the exercise of adjusting boat prices from the '60's forward to see what the equivalent is, but if someone is willing to do that I'd be curious what a '75 Ski Nautique, '85 2001, and mid '90's Super Sport would be in today's dollars. I'm also not one to say the people that pay $150,000 for a wake boat are somehow idiots. I bought my Sport at 13-14 years old a steep discount because some nice person ponied up the money, quite a bit in 1998, to buy it new. Just like we value 2001's and NWZ's and 196's, 20 plus years from now I'm here to guarantee you that this forum will be talking about killer deals on 2015 G23's or G25's, and they may be using them for some water sport that hasn't even been invented yet. Ok, that's my latest "let's not sound like a bunch of old fogey's" comment! |
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'63 American Skier - '98 Sport Nautique
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74Wind
Grand Poobah Joined: August-02-2011 Location: Georgia Status: Offline Points: 2101 |
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PO put mine in, a pretty slick setup actually, 4 Bose Marines. Recently tried it for the first time in a long time and the cd kept skipping and so just turned it off and turned on the 4-barrels..
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1974 Southwind 18
1975 Century Mark II |
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Orlando76
Grand Poobah Joined: May-21-2013 Location: Mount Dora, FL Status: Offline Points: 3108 |
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I refuse to put a radio in my 76 as it did not come with one originally from the factory. So when the wifey is with me I bring along the Makita job site radio, throw it under the dash and it does just fine. But again, above idle and it's all LPSL.
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Please support The Cystic Fibrosis Foundation
1976 Ski Nautique 351 Escort 1993 Ski Nautique purple and black 351 HO PCM |
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74Wind
Grand Poobah Joined: August-02-2011 Location: Georgia Status: Offline Points: 2101 |
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Not a Correct Craft employee are we ha ha? The ground-breaking advancements on mine includes such high tech features as this round thing that amazingly when you spin it, the boat automatically, and instantly, changes course toward the intended direction. And this stick thing that you simply push, and somehow, thru the wizardry of engineering, the boat instantly accelerates. I don't know how they came up with it, but it's just PFM ! Oh..and also...a stereo that is rarely played. Plus, how could you hear it behind the roar? LPSL |
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1974 Southwind 18
1975 Century Mark II |
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Gary S
Grand Poobah Joined: November-30-2006 Location: Illinois Status: Offline Points: 14096 |
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That's a noble idea but in reality the job of a company is to make money. Sad to say what has made them the company they are today is the 100k wake boat. As to affordable boats why do you think they just bought Supreme and Centurion,the Nautique brand won't be de contented to supply a hand full of boats. Good example too is our own signature lines, 1967 and 1995 boats are not going to keep them in business.
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Lakeview
Senior Member Joined: January-06-2004 Location: Branchville NJ Status: Offline Points: 247 |
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Nautique needs a reality check-For those who obviously can afford a second mtge for 15 yrs to pay off a boat-congrats,but they should look back and realize what made them the company they are today-a quality AFFORDABLE three event boat.No bells and whistles that I question where the support/replacement parts will be for the current line 10-12 years down the road?
I would love to see a plain vanilla no frills ski or sport nautique. at a reasonable price point.Just my $ .02 cents. |
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Lakeview
1992 Barefoot Nautique 1967 Barracuda SS 1967 Chris Craft Cavalier |
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Tim D
Grand Poobah Joined: August-23-2004 Location: United States Status: Offline Points: 2641 |
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The "ground breaking" advancements include a new hull and interior design.. New helm command controller, and an optimized Nautique Surf System along with the all-new Nautique Surf Select; a remote wave customization system controlled from behind the boat by the surfer. Nautique has also teamed up with JL Audio to deliver a new level of sound with the exclusive Nautique WaveFront speaker technology.
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Tim D
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