JETNET Releases September 2013 and First Nine Months of 2013 Pre-Owned Business Jet, Business Turboprop, Helicopter and Commercial Airliner Market Information
Utica, NY (PRWEB) November 06, 2013 -- JETNET LLC, the leading provider of aviation information, has released September 2013 and the first nine months of 2013 results for the pre-owned business jet, business turboprop, helicopter and commercial airliner markets.
Market Summary
Comparing September 2013 to September 2012, “Fleet For Sale” percentages for business jet and business turboprop market sectors were down, but increased slightly in the turbine and piston helicopter markets.
Business jets are showing a slow start in the first nine months of 2013 with a 3.2% decrease in pre-owned sale transactions, and are taking more time to sell (31 days) than last year. Also, of the business jets transacted to date this year, the average asking price is up 11.4% from 2012, suggesting a shift in this market to favor the purchase of newer pre-owned models. Business turboprops decreased 8.1% in sale transactions with a 10% increase in the average asking price, but are taking less time to sell (17 days) than last year.
Both turbine and piston helicopters saw double-digit declines in sale transactions YTD at -11% and -17.9%, respectively. Turbine and piston helicopters recorded decreases in average asking price, at -6.3% and -2.2% in the YTD comparisons through September 2013.
Looking at YTD pre-owned sale transactions across all commercial airliner market sectors—including the numbers for sale for both commercial jets (including airliners converted to VIP) and commercial turboprops—commercial jets (at 1,486) are second only to the business jet fleet (at 1,640), and are only separated by a difference of 154 jets sold (9.4%).
Business Jets - Full Retail Sale Transactions and Average Asking Prices
Starting in May 2013, this is the fifth consecutive month that there has been an increase in the YTD average asking price percentage for business jets.
In a breakdown comparison by weight class YTD for September 2013 vs. 2012, the Light weight class is the only sector to show a decrease in the number of Full Retail Sale Transactions, resulting in an overall decrease of 54 transactions (or 3.2%) compared to the same period in 2012. It is noteworthy to mention that all weight classes are showing an increase in Average Asking Prices after the first nine months of 2013 compared to 2012. Again, this trend is suggesting a shift in newer pre-owned models being transacted this year compared to the same period last year. Note: Individual business jet models may show a different pattern in average asking prices than depicted in these average market trend comparisons.
The average pre-owned asking price on a 12-month moving average over the past 24 months remained in the $4.50m to $4.75m price range. The current trend appears to show that both lines (transactions and average asking prices) are headed to meet each other again after almost a two-year period of not knowing what market correction will be taken next. In January 2011 the 12-month moving trend lines met for the first time since June 2008. After a brief recovery in Q2, Average Asking Price continued a sharp decline, a big concern to sellers, but over the past several months has started to climb again. It’s still a buyer’s market, with ample inventory of most business jets at near-low average asking prices.
Since 1988, JETNET has delivered the most comprehensive and reliable business aircraft research to its exclusive clientele of aviation professionals worldwide. JETNET is the ultimate source for information and intelligence on the worldwide business, commercial, and helicopter aircraft fleet and marketplace, comprised of some 100,000 airframes. Headquartered in its state-of-the-art facility in Utica, NY, JETNET offers comprehensive user-friendly aircraft data via real-time internet access or regular updates.
Paul Cardarelli, JETNET, LLC, http://www.jetnet.com, 800-553-8638, [email protected]
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