JETNET, a leading provider of corporate aviation information and a member of the National Aircraft Resale Association (NARA), recently released November 2012 and November 2012 year-to-date results for the pre-owned business jet, business turboprop and helicopter markets.
Key worldwide trends across all pre-owned aircraft market sectors show that the Fleet for Sale percentages for all market sectors were down in the November comparisons, with the largest drop in business turboprops. Business jets for sale were at 13.6%, down 0.4 from 14%; business turboprops for sale were at 8.5% (down 1.4 from 9.9%); turbine helicopters for sale were at 6.2% (down 0.6 from 6.8%); and piston helicopters for sale were at 6.1% (down 0.2 from 6.3%).
Full sale transactions had mixed results, with only business jets showing growth. Business jets were up (5.7%), business turboprops were down (-4.4%), and both turbine (-1.6%) and piston (-4.9%) helicopters were down. Average days on the market are all at high levels—373 days for business jets, 343 days for business turboprops, 435 days for turbine helicopters and 349 days for piston helicopters.
Average asking prices also show mixed results. Business jet asking prices increased 1.8%, business turboprops increased 1.5% and turbine helicopter asking prices increased 12%. Piston helicopter asking prices decreased -0.4%.
The November 2012 year-to-date summary shows that business jets are on a positive pace in 2012 with a 5.7% growth YTD in November 2012 in the pre-owned full retail sales transactions and a 1.8% increase in average asking price compared to the same period in 2011. However, other market sectors are not showing similar results. Other pre-owned aircraft are showing decreased sales transactions, are taking longer to sell on average and are at much greater asking prices compared to the same 2011 period.
According to the report, there is some good economic news. The real gross domestic product—the output of goods and services produced by labor and property located in the United States—increased at an annual rate of 3.1% in the third quarter of 2012 (from the second quarter to the third quarter), according to the “third” estimate released by the Bureau of Economic Analysis. According to the JETNET report, this “third” estimate of the U.S. GDP is welcome news, and the first time in 2012 that the GDP exceeded the 3% growth mark, which is traditionally when business aviation does well.
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.