Has the price of new boats got a bit silly of late? It’s a debate that has been raging on the mby.com forum for a while now and I’m still not sure what the answer is. Take one of the boats in this issue. When we tested the FAIRLINE TARGA 44 in 2007 the starting price was £381,875 inc VAT. The new FAIRLINE TARGA 43 tested on p72 starts at £608,280. On the face of it that’s a pretty big leap in 11 years but the world has changed a lot since then, as have customer expectations.
For starters, the new Targa 43 is actually a much bigger boat than the old 44 – it’s 19in longer, 11in wider and a whopping 3ft 10in taller. That’s a lot of extra raw materials, especially when you’re buying most of them in euros at a rate of 1.10 to the pound, compared with 1.36 back in 2007. The UK VAT rate has also risen from 17.5% to 20% in that time.
Even without these distortions, the RPI index means that something costing £381,875 in 2007 is likely to cost £526,000 today. But perhaps the most salient point is that prices for all new boats have gone up by a similar margin yet none of the yards are making excessive profits. In other words that’s simply what it now costs to develop, build and sell a competitive new boat sustainably. The trouble is that not everyone’s salary seem to have gone up at quite the same rate. Good job I bought my boat back in 2007 then! DON’T M I S S O U T ! There simply aren’t enough pages to cram everything into this issue so make sure you watch our videos too. You can enjoy a tour of the foiling
PRINCESS R35, join Jack on a sea trial of the FAIRLINE TARGA 43 and learn how to MANOEUVRE ON ONE ENGINE among other things.
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