With boat builders predicting production delays until 2022, many buyers are turning to the second-hand market. However, that market has been inundated with damaged boats, and in some cases stolen, according to Grant Brooks, founder and CEO of Boat history report.
streams said in a press release that there has been a 123% increase in fraud since the start of the Covid buying frenzy. The Boat History Report helps buyers avoid some of the potential pitfalls of buying a used boat, including hidden damage.
“Some possible explanations for the fraud include a significant drop in the number of boats available, leading to a greater sense of urgency in acquiring any boat that may be available,” Brooks said in the statement. “Additionally, as we continue the hurricane season, more and more hurricane-damaged boats are picked up, cleaned and brought to market quickly before a higher level of damage presents itself.”
Boat History Report has amassed 120 million unique records and over 1.4 million “negative events” to inform buyers of potential boat purchases.
“Our service offers potential buyers an added level of protection and peace of mind, as we are able to extract verified information from our database of hundreds of public and private data sources nationwide. Brooks said.