Utica, NY (PRWEB) January 31, 2013
JETNET has released December 2012 monthly and year-to-date (YTD) results for the pre-owned business jet, business turboprop and helicopter markets.
The Fleet For Sale percentages for all market sectors, except for piston helicopters which showed no change, were down in the December comparisons, with the largest drop in business turboprops, to 8.3% from 9.6% in December 2011.
Key Metrics (December 2012 vs. December 2011 and YTD)
For Sale inventories continue to decline:
Full Sale Transactions had mixed results, with only business jets showing growth:
Average Days on Market are all at very high levels:
Average Asking Prices had mixed results:
Pre-owned Business Jet “For Sale” Market
Several significant events have occurred since 2005 in the Business Jet “For Sale” inventory:
Pre-owned Business Jet Market Full Retail Sale Transactions
GOOD NEWS! 2012 has set a new record for the number of Pre-owned Full Retail Sale Transactions. Chart B shows 2,240 transactions in 2012, beating the previous record peak of 2,181 in 2007. This record follows three years of increases from the low of 1,539 transactions recorded in 2009.
However, other pre-owned market sectors are not showing similar results. They are showing decreasing sale transactions, are taking longer to sell on average, and have mixed average asking prices, with some greater and some less compared to the same 2011 period.
Significant is the 7.3% increase in turbine helicopter average asking price. While price increases are evident across the board for all models in this segment in 2012, there were also several very-high-asking-price models that sold. These models had asking prices exceedingly higher than those of the typical helicopter on the market.
Pre-owned Business Jet Market By Weight Class
As shown in Table B, the medium weight class was the only weight class to show a decline, with 17 (or 3%) fewer business jet transactions in a comparison of 2012 to 2011. The other classes all showed increases, led by the heavy class with 85 (or 15%), followed closely by the light class with 76 (or 9%) more pre-owned business jet transactions in 2012 compared to 2011.
2012 was a success for our industry in many ways, and the pre-owned market continues to be very active. Now that 2013 is here and there is renewed optimism, it is hoped this trend for the pre-owned market, along with improvements in the world economy, will continue to push more new aircraft purchases for the new year. For now, it continues to be a buyer’s market, with Pre-Owned For Sale inventories running around 13%.
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.