JETNET LLC, a leading provider of corporate aviation information and a member of the National Aircraft Resale Association, recently released its December 2012 monthly and year-to-date results for the pre-owned business jet, business turboprop and helicopter markets.
The Fleet For Sale percentages for all market sectors were down in the December comparisons, except piston helicopters, which showed no change. The largest drop was in business turboprops, to 8.3% from 9.6% in December 2011.
For Sale inventories continue to decline:
• Business jets for sale were at 13.4%, down 0.4 from 13.8%
• Business turboprops for sale were at 8.3%, down 1.3 from 9.6%
• Turbine helicopters for sale were at 6.1%, down 0.5 from 6.6%
• Piston helicopters for sale were at 6.1%, which showed no change
Full Sale Transactions had mixed results, with only business jets showing growth:
• Business jets were up (7.2%)
• Business turboprops were down (-5.7%)
• Both turbine (-1.2%) and piston (-6.1%) helicopters were down
Average Days on Market remain at very high levels. All market sectors have shown increases in average days on the market year-to-date through December 2012, except business jets, which took 10 fewer days to sell. Piston helicopters took more than a month (37 days) longer to sell than a year ago.
Average Asking Prices had mixed results, with business turboprops (+2.6%) and turbine helicopters (+7.3%) increasing and business jets (-0.3%) and piston helicopters (-0.9%) decreasing.
JETNET says that there is good news in that 2012 set a new record for the number of Pre-Owned Full Retail Sale Transactions. In 2012, there were 2,240 transactions, beating the previous peak record of 2,181 in 2007. This record follows three years of increases from the low of 1,539 transactions recorded in 2009.
2012 was a success for the pre-owned business aircraft sales 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 on 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.
For more information about JETNET LLC, go to www.jetnet.com or call 315.797.4420.