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Are new dinghies relatively more expensive?
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turnturtle View Drop Down
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    Posted: 12 Jun 18 at 9:47am
I had a feeling that new dinghies are relatively more expensive today than they were a decade ago.  

So in the interests of dubious statistics, I compiled a little spreadsheet showing some of the prices/quotes I have received for boats I have been interested in or bought over the past 10 years and compared them to current published pricing.  This is obviously not a full picture, but it does show a clear trend - most new dinghy pricing is substantially higher today than inflationary levels (CPI and RPI) based on their price over the last ten years.  

There is only one clear example where the price of a new boat has technically come down, although it's worth noting the RS300 seems to be holding a very fair position by any consumer standard.  I couldn't find my Solo details either, but I'd guess that wouldn't fair to badly on this spreadsheet either.  

A couple of notes, the inflation calculator used was:


The prices include what was purchased at the time, including a road trailer if deemed necessary, and a top cover.  The 2018 Price is the published price, not a negotiated price at the point of order...

I would be interested in any one else's observations in this regard... especially around double handers which I have zero knowledge of historic pricing.



  
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turnturtle View Drop Down
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Posts: 2538 		Post Options Post Options   Quote turnturtle Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 10:02am
anyone have any gut feelings about the Blaze and Supernova - they're two which I'd say have pricing levels which have more closely tracked rather than out-performed inflation.  I have no evidence to back that assumption up though....
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Posts: 3401 		Post Options Post Options   Quote Sam.Spoons Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 10:18am
Blaze was IIRC £6k in 2002 or so (when 671 was a new boat), 16 years later it's £9k. Inflation multiplier for that is 1.57 (http://inflation.iamkate.com) so it should cost £9420 so in real terms a Blaze is slightly cheaper now than in 2002.
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turnturtle View Drop Down
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Posts: 2538 		Post Options Post Options   Quote turnturtle Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 10:37am
Originally posted by Sam.Spoons

Blaze was IIRC £6k in 2002 or so (when 671 was a new boat), 16 years later it's £9k. Inflation multiplier for that is 1.57 (http://inflation.iamkate.com) so it should cost £9420 so in real terms a Blaze is slightly cheaper now than in 2002.

thanks Sam - yes this backs up my own gut feel for the class.  It's pricing is not taking the piss on inflation, quite the contrary... 

The reason this stuff is important is that it represents the first stage of the value chain:

- if no one one buys new boats, then the stock dries up eventually

- the first hit depreciation is significantly great as the ceiling price for a second hand boat  is seemingly always capped at certain levels.  If the price of a new boat and the second hand ceiling price gets too separated, then there's a natural limit imposed to the amount of quality boat rotation at the front end of the value chain.   (Upgrading after a couple of seasons for the cost of a new suit of sails plus a bit has always made sense for some people)

- if there's a reduced pool of new boat buyers, then there'll be less incentive to sponsor events or advertise in magazines and websites- targeted marketing at individual level would be more effective than wider marketing spend.   This affects everyone.

- the cost of consumables will eventually go up to keep the manufacturer in business  - it's inevitable and at that point welcome, as the other options is the class loses all commercial incentive.  (I tried to add my Vareo to this list, but the class is effectively dying and there's no pricing on a new boat)

- consumer trends show we are moving towards to more a disposable culture - in the 1970's 'new cars' weren't an everyday option like they are today.  If we look at cycling - new kit has helped boost the numbers of people riding.  

 Nice and New is important to the future of most leisure activities imho....  


Edited by turnturtle - 12 Jun 18 at 10:46am
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Posts: 2538 		Post Options Post Options   Quote turnturtle Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 10:54am
I just ran the same calculations for an RS800, based on my memory of a new boat being ten grand in 2004 compared to the £15,473.00 today.....  it comes out only 8% above average inflationary levels- not bad at all considering road trailers are up, VAT is up and today's pricing is probably hedging for Brexit and £ weakening on components costed in dollars or euros.

That was the last double hander I remember getting some pricing on!!!
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Posts: 1005 		Post Options Post Options   Quote fab100 Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 11:05am
Good topic and stats

It'd be interesting to take the Laser pricing a bit further back

The RS100 pricing has indeed jumped up alarmingly and I agree with your thoughts as to consequences in price changes. But the base 100 is now quoted by RS at £11,480 - I cannot get to your number even ticking all the 'extras's boxes including road base (which was not in the initial £7,500 introductory price you got but most did not). Was the £5,500 an intro price on the d-zero? If so bit unfair to compare that too

Road base pricing is interesting in itself. Not only are the new spec trailers more than double the price (£350 to now £795) they are flippin' dangerous with shin-height poles designed, it seems, to inflict cuts and pain. Anyone buying one of my boats will need to get their own road base - I'll be keeping mine as long as I can.
Great book for Club Sailors here
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Posts: 514 		Post Options Post Options   Quote piglet Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 11:14am
Originally posted by fab100

Good topic and stats

It'd be interesting to take the Laser pricing a bit further back
 

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Posts: 2538 		Post Options Post Options   Quote turnturtle Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 11:25am
I can't really help with the Laser pricing - I've only looked into getting a new boat once before, simply for convenience of rocking up, buying it and dropping it at the sailing club the same afternoon - a fairly unemotional process compared to normal new boat buying  LOL  (As it happens there was a nearly new one just sitting outside the onsite chandlery for nearly 2 grand less.... that was less money, less hassle and as it turned out, far less depreciation... although it wasn't a red one, or ice blue)

As for the 100 pricing.... hmm, I wonder if someone has seen this thread and looked at it....  power of the internet hey?  

I compiled that price this morning using all checkboxes with an 8" road base... I've no reason to make the numbers up.   I guess I should've screenshot it... but hey, it's still coming in at £13,184.00... so 42% uplift above inflation.  ouch.  
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Posts: 1005 		Post Options Post Options   Quote fab100 Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 11:46am
Originally posted by turnturtle

I can't really help with the Laser pricing - I've only looked into getting a new boat once before, simply for convenience of rocking up, buying it and dropping it at the sailing club the same afternoon - a fairly unemotional process compared to normal new boat buying  LOL  (As it happens there was a nearly new one just sitting outside the onsite chandlery for nearly 2 grand less.... that was less money, less hassle and as it turned out, far less depreciation... although it wasn't a red one, or ice blue)

As for the 100 pricing.... hmm, I wonder if someone has seen this thread and looked at it....  power of the internet hey?  

I compiled that price this morning using all checkboxes with an 8" road base... I've no reason to make the numbers up.   I guess I should've screenshot it... but hey, it's still coming in at £13,184.00... so 42% uplift above inflation.  ouch.  


FWIW, my current Laser, bought in Jan 1998 (!) cost £2,295 (part-ex so no trolley, road bases, etc)

Don't flatter yourself, the RS100 base price has been that same £11,480 since the dinghy show. Just checked; my first 100 in Aug 2010 cost £7,400 inc trolley and top cover, but excluding under-cover and road base. Like-for like, that's £12,190 to replace now. Still too much of a rise tho, for sure


Edited by fab100 - 12 Jun 18 at 11:47am
Great book for Club Sailors here
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Posts: 2538 		Post Options Post Options   Quote turnturtle Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 18 at 12:07pm
maybe the options have changed?  Anyway - this is about trends rather than specifics...

That 1998 Laser seems low / well negotiated.... I seem to recall £3k being the going rate to piggy back on the back of the "Youth Squad' deal in the late 90's, that would have included a trolley, cover and RWO Gorilla Tiller back then.   LOL


Edited by turnturtle - 12 Jun 18 at 12:07pm
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