Denison Yachting secures more than $160 million in sales in the first quarter of 2022, and is “confident that this will be another solid year for yachting.”

Denison Yachting has released its quarterly business report, stating that the first quarter of 2022 has been a “fantastic” start to the year. Sales have been strong in the industry this year, and Denison Yachting expects that trend to continue.

Last year, the United States, the Southeast, and the Mediterranean regions all set sales records, with the US market alone moving more than 300,000 motor boats for the second year in a row. The market’s performance this year has been mostly driven by new orders, highlighting a larger customer base and renewed interest in sailing. Notably, sales of boats in the first quarter of 2022 were the third highest in the last 15 years, after only 2021 and 2018.

According to the research, “sales of yachts measuring 78 feet and longer were higher in the first quarter of this year than in the same period in 2020 and 2019,” and “sales of yachts measuring 78 feet and longer were higher in the first quarter of this year than in the same period in 2020 and 2019.”

When looking at sales throughout all of the major yachting regions, the number of units sold is lower than in the first quarter of 2022, but still higher above pre-pandemic levels. “Asia had a 35% decline from the target-shattering 2021 estimates, followed by a 16% drop in North America. Even with sanctioned Russian purchasers, who have usually accounted for 9% of all worldwide superyacht purchases, sales in Europe only plummeted by 8%, according to the research.

Denison Yachting’s numbers reflect the industry, and the company had a “great Quarter 1,” according to the report. For the second consecutive first quarter, sales for the American-based brokerage firm surpassed $160 million. “We attribute this performance to an increase in consumers looking to finally sell their aging boats and take advantage of the rising demand,” the business added.

“As the yachting season begins, Denison is looking forward to seeing how the market develops in the months ahead.” “We are hopeful, and we believe that with the appropriate balance of innovation, adaptation, and agility, 2022 will not lag far behind 2021,” the company concluded.