The 64th Houston Yacht, Sports and Tourism Exhibition ended in Houston, the fourth largest city in the United States on the 13th. More than 100 manufacturers exhibited more than 1,000 yachts of various types.
The number of visitors to this year's boat show has declined compared to last year. The number of visitors and sales of the yacht show last year was unprecedentedly high. This was mainly due to the damage caused by the hurricane “Harvey” in the summer of 2017, and people were eager to buy new products.
Jonathan Whitmore, a member of the Board of Directors of the Greater Houston Yacht Trade Association, told reporters that the most expensive one of the yachts participating in this year's yachts is priced at $1.6 million. Visitors can get on board for free and experience the charm of luxury yachts.
Whitmore said that the cost of manufacturing yachts increased after the US announced a tariff increase on imported steel and aluminum last year. Almost all exhibitors said that the retail price of yachts will generally increase by 5% to 10% after the exhibition. According to him, the price increase is mainly determined by raw materials, and the price of yachts using more aluminum products can increase by 14%.
In order to attract buyers, many merchants launched “pre-tax prices” at the exhibition, hoping to sell more existing inventory products at the price before the raw materials were added to the tariff. Alan May, a resident from a small town near Houston, came to buy a favorite yacht. He said that if the yacht price is determined to rise after the exhibition, he will buy at the exhibition.
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