Monday, March 31, 2008
Second hand express cruiser: market meltdown?
Has a market meltdown begun in the large second hand express cruiser market?
It seems that since famous european yacht builder Rodriguez Group (Arno & Overmarine shipyards Italy) has changed its part-exchange policy, the second hand models like Mangusta remain on the market for months and months despite Camper Nicholson's efforts to sale them.
Rodriguez Group in house brokerage department reports a 70% loss in first quarter income.
The new model, the Leopard 56m, to be delivered in 2010, has already been sold.