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Old 04-12-2020, 23:59   #1
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Why so many Lagoons on the market?

Been looking to purchase a boat and it seems, BY FAR, there are many Lagoons on the market. Is it just because they build so many or is there another story here? Was pretty dumbfounded to see Lagoons outnumber all other boats for sale by a significant margin. Any feedback?
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Old 05-12-2020, 00:15   #2
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Re: Why so many Lagoons on the market?

Charter companies like them so a lot are purchased for that. Most get dumped after 5 years.

https://www.mooringsyachtownership.com/program-details

5 years seems to be industry standard.

Even Neel is getting on the charter business.

https://www.trimaran-yacht-charter.com/
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Old 05-12-2020, 00:16   #3
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Re: Why so many Lagoons on the market?

I would guess they’re coming out of the charter industry.

But that’s only a guess.
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Old 05-12-2020, 00:54   #4
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Re: Why so many Lagoons on the market?

Maybe because they built almost 6,000 of them.
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Old 05-12-2020, 02:45   #5
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Re: Why so many Lagoons on the market?

Because they are great, have more space and carrying capacity, are quite rigid built and are more affordable than the other brands, so the demand on the market is high for them.

Makes them perfect for charter and liveaboard and CNB / Lagoon to the largest production catamaran builder in the world, followed by Fountaine Pajot and Leopard. Lagoon builds more catamarans per year than the next 3 or four competitors together.
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Old 05-12-2020, 04:01   #6
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Re: Why so many Lagoons on the market?

Prices for lagoons are up, and one adjust plans and sells while sun shines. We get harrased all the time to sell our boat by perspective buyers.

i was thinking prices will subside 2 years ago but proven wrong.

Prices are up because of huge inflation that official politics try to hide, estimated velocity at the moment at 20 - 30% pa.
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Old 05-12-2020, 11:16   #7
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Re: Why so many Lagoons on the market?

Big production numbers are due to the large number of charter companies that use them almost exclusively. They probably get a good fleet deal with the manufacture in France. I was going to buy one two years ago and join the Dream yacht charter company but decided on a Leopard instead just because of the price difference ( buying in dollars rather than an inflated euro).
After five years many owners decide to buy new and sell their old chartered yachts. Thus so many on the market. Especially now because of the Covid 29 pandemic there are even more on the market. With no where to sail, owners have decide to sell rather than continue to pay big monthly mortgage payments. It may be a buyers market for the next year until checks start coming in to the owners of boats in charter fleets. It is also a good time to buy a one or two year old boat as they have been sitting at rest during the pandemic and not getting bashed around by less than experienced crews on the charter fleet.
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Old 05-12-2020, 11:32   #8
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Re: Why so many Lagoons on the market?

Thanks for the feedback. Charters and big production numbers makes sense. I like the boats and when this COVId mess finally settles we’re heading to Florida for some deck time on several of the major players. We might get a trawler or something similar as wifey is more interested in starting out with the loop. She’s less enthused about ocean cruising although I prefer it.

Thanks again for the insight.
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Old 05-12-2020, 12:07   #9
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Re: Why so many Lagoons on the market?

The charter industries in the world are in deep doo doo as are many owners with the CV 19.
You may get a great deal, but try to get to a boat and get entry to receive it then got it home
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Old 05-12-2020, 13:09   #10
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Re: Why so many Lagoons on the market?

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Originally Posted by jim King View Post
Especially now because of the Covid 29 pandemic ......
Oh geez, not another one!
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Old 05-12-2020, 14:10   #11
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Re: Why so many Lagoons on the market?

Before getting a trawler get a powercat. Better interior layout. Comfortable in ocean passages because they don't roll. Fuel efficient. Wonderful at anchor. You won't cross an ocean in them (well, you could) - but easy to do the Bahamas or the Caribbean - or even the loop.
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Old 05-12-2020, 15:02   #12
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Re: Why so many Lagoons on the market?

There should be many Lagoons and Leopards on the market because the major charter companies have used the force major clause in their contracts to stop making the monthly payments on the boat loans, and many of the owners can't afford to make the payments with no charter income for the foreseeable future. They are now or will be in the near future forced to sell their boats.
A sorry situation.
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Old 05-12-2020, 16:06   #13
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Re: Why so many Lagoons on the market?

In the EU / Med catamaran sales and bluewater monohull sales are up to 150% compared to pre-covid times, the market is almost empty, boats are flipped within a weak. Also the prices paid are much higher then last year. Totaly crazy. Same btw on the RV market.
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Old 05-12-2020, 17:13   #14
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Re: Why so many Lagoons on the market?

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Originally Posted by CatNewBee View Post
Lagoon builds more catamarans per year than the next 3 or four competitors together.

I'm not sure about that because FP wasn't too far behind Lagoon a few years ago? Do you have numbers? And who are #4 and 5?
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Old 05-12-2020, 17:23   #15
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Re: Why so many Lagoons on the market?

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In the EU / Med catamaran sales and bluewater monohull sales are up to 150% compared to pre-covid times, the market is almost empty, boats are flipped within a weak. Also the prices paid are much higher then last year. Totaly crazy. Same btw on the RV market.

It's not quite that crazy. I see many cats on the market for months. And YW latest price cuts tab has new entries about every day. Greece and Italy are kinda slow. Although not in the EU I see the same cats for sale for quite a while in Croatia and Montenegro.
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