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One of these boats is Chevy Toy, a 142-foot custom-designed yacht. The gleaming white vessel has three decks, including one with a "sky lounge" that has views on three sides, jet skis, and two Vespa scooters on hand for speedy onshore excursions. Its owner is Gene Reed, who made his fortune building and eventually selling a string of Chevrolet dealerships in the southern United States. Mr. Reed's tastes mirror new megayacht owners these days, as does his choice of builder: Trinity Yachts, of New Orleans. "I made my money in the U.S. and I want to spend it here," says Mr. Reed, who paid roughly $20 million for Chevy Toy:
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