Europe’s July adjustment was concentrated at the accessible end.
Most asking prices held. Those that changed were cut decisively — and lower-priced vessels were far more likely to be repriced. Vessels below £35,000 (€40,835) were 4.4× more likely to be reduced than vessels above £230,000 (€268,341).
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June and July were effectively stable: 8.9% of the fixed panel reduced in June and 8.7% in July, with median reduction depth close to 9% in both months.
A selective adjustment — not a market moving in one direction.
Across 3,464 vessels observed through July, 287 asking prices were reduced and 11 were raised — 26:1 reductions for every increase. The dominant seller decision was still to wait. But when a seller did move, the median reduction was 9.5%, and 85% of reductions were at least 5%.
Advertised asking prices, and the changes sellers make to them — not transaction prices. Movement is measured on vessels observed at both ends of the month, in the currency of the original listing, with changes within ±2% treated as unchanged.
What it does not claim: that asking prices are completed transaction values; that a listing leaving the market is a confirmed sale; or that a tracked sample share estimates a whole national market. The report states the limits of each figure alongside it.