I had a conversation with a guy the other day at a local marina, they said they had almost no work all summer, and the biggest rush was at the very end but nothing like it was before 2020.
He said they area also turning away all work on older motors since they can't recover their labor in doing major repairs. At $225/hr, even a minor repair exceeds what its worth.
He also said that he wouldn't touch a motor over two years old, including those they sold there because after two years of hard use just about any motor is worn out and basically trash.
I argued that more often than not the guy who buys a new motor will use it regularly the first year, then after that the novelty wears off and they get less use. I told him I've got a neighbor who buys a new motor every year and only goes fishing twice a year. When the season is up, he hangs the motor up and buys a new one, most never see more than a few hours of run time.
Its also easy to spot a worn out old turd, not just the power head wears, the steer pin bushings wear, the skeg wears, and the handle itself wears. The same guy at the marina tried to tell me that no one owns a motor and lets it sit, but he's judging only the motors he actually sees in for service. A guy who buys a motor and uses it once or twice a year never goes back to the dealer, by the time its in need of major work, dealers like that won't touch it because its too old.
I'm a firm believer that if you can't do your own work, or if you don't have a buddy who works for beer that can work on outboards, a 40 year old motor is not for you. Break out the CC and fork over $5k or so for a new one every couple years.
If owning a boat meant that I had to spend $5k on a motor, that boat would become a flower planter first.
I haven't spent $5k on all of boats, motors, fishing tackle, and repairs in the 40+ years I've been boating, combined. My limit is a couple hundred bucks for a boat and motor these days but I likely have the boats I'll keep for the rest of my days.
It still boggles my mind though to see so many small motors and small boats listed for good prices that just sit.
I've never seen a time when motors and boats priced so cheap that don't sell.
Over the years, there's always been the few that dump their boats for a song. Its how I got every boat, truck, and car I've ever owned. But for the most part, there's never been a glut of them for sale like there is now either, nor a complete lack of buyers.
If it weren't for 6hp short shaft two strokes, I don't think I'd have sold a single motor all year. At least the hunting crowd is still alive and well here.
To date, out of about 40 motors I listed, only five 6hp, one 4hp, and three 3hp motors have sold for what they're worth. anything larger goes untouched.
Most go to back bay fishermen or hunters. The bass guys want the most hp they can get away with.
I had my 14ft Starcraft out the other day, on the trolling motor alone. I had just rebuilt my 1987 Minn Kota 3hp trolling motor and wanted to put some time on it so I hauled it down a local lake. There was one other boat out all day, a younger guy with a 12ft jon boat and a high dollar bow mount trolling motor he was controlling withi his cell phone somehow.
When I got home, I had the boat still hooked to the car and I gave it a good bath to get rid of the cedar water stains around the water line. I left it uncovered while I went inside to eat and 10 minutes later I had a guy knocking on the door asking if the boat is for sale. He goes on to tell me he's got $300 cash if I'm interested. He was very serious. He was upset when I told him no way. The $300 offer was coming from a guy driving a brand new F350 diesel, Platinum series 4x4 crew cab that likely sold for $100K or more.