It looks likes the boat shows are back - but how long will buyers have to wait for a new boat?

Whilst some of the early season shows in Europe were postponed, news this last week that Cannes and Monaco shows all express high degrees of confidence that the shows will go ahead.

With consistently decreasing trends in the spread of the virus and a ramping up of vaccinations, hopes are very high that the late summer shows will proceed as normal, albeit with extended health and safety measures.

But what will buyers find when they attend? Quote possibly more yachts and less people, but certainly much longer lead times from the great majority of shipyards (for boats big and small) as most are showing healthy sales and lengthening lead times.

People buy boats from all over the world and this often means purchasing in a foreign currency (i.e. the shipyard sells in its local currency to protect itself against exchange rate risks). This passes the exchange rate risk to the buyer. With lead times for a new build often extending 1,2 or even 3 or more years - this exposes the buyer to potential huge currency fluctuations. It could work in their favour or it could end up meaning their boats costs a lot more than they originally planned.

YOPTION$ was created specifically to take this problem and take away the risk and uncertainty for all involved. A buyer can fix the exchange rate so they know exactly what they will pay and boat dealers can sell in their local currency. YOPTION$ fix the rate yet enable the buyer or dealer to benefit if indeed the currency does swing in their favour.

We will be very glad to return to some kind of normality and simply can't wait to be on the pontoons meeting buyers and dealers alike.If you are interested to learn how YOPTION$ could help your sale or purchase, simply click here for more information or here to get in contact.

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