IADA dealers submit monthly transaction and activity reports. Comments from IADA members add context to the report:
Pre-owned buyers are expecting significant price reductions but inventory remains low especially on late model aircraft. – Robert Sammartino, IADA accredited dealer Skytech, Inc., Westminster, Md.
Surprised by how many acquisitions we have already confirmed for early in 2023. Feel that early part of 2023 will be a bit slower, but latter part of 2023 is looking even more active. – Chad Anderson, IADA accredited dealer Jetcraft, London.
I don’t expect any large swings in inventory, or demand; I believe that the used market will, however, remain strong all throughout this year.– Jeremy Cox, verified products and services member JetValues Jeremy, Waterloo, Ill.
Still low inventory and a seller’s market. Buyers being more cautious but still active. – Todd Spangler, IADA accredited dealer Jetcraft, London.
Feeding frenzy is over. The market has slowed to a balanced pace, yet with lots of inquiries and activity. Inventory is limited, but not like last year. – Bryon Mobley, IADA accredited dealer Wetzel Aviation, Inc., Englewood, Colo.
Certainly, a little calmer compared to third and fourth quarters 2022, but we are very steady and keeping busy. Normal busy. – Daniel Cheung, verified products and services member Aviation Tax Consultants, Scottsdale, Ariz.
A slight pause in January and February but activity has come back in last couple of weeks. – Joseph Carfagna, IADA accredited dealer Leading Edge Aviation Solutions, LLC, Parsippany, N.J.
We are seeing increased balance between buyers and sellers in today’s marketplace. This is driven by increased inventory, more realistic pricing, and a return to standard transaction dynamics (including pre-buys). – Emily Deaton, IADA accredited dealer jetAVIVA, New Century, Kan.
Sellers are still trying to maintain a sellers’ market by keeping prices high. However, buyers are refusing to pay these prices. Currently the aircraft sale market is off to a very slow start for the year. – John Swartz, IADA accredited dealer Swartz Aviation Group, LLC, Fort Worth, Texas.
If it weren’t for supply chain issues limiting OEM production capacity, we’d be looking at “best ever.” – Ronald Smith, IADA accredited dealer Western Aircraft, Inc., Boise, Idaho.
The pack has separated. Every market’s for itself. Some are firm, others are soft. Some prices are way down, others remain unchanged. – Mike Swartz, IADA accredited dealer Swartz Aviation Group, LLC, Fort Worth, Texas.
What we are seeing right now is a lot of wait and see. Sellers have not caught up yet with the reality of the market, whereas buyers feel that values will still decline. – Zipporah Marmor, IADA accredited dealer ACASS, Montreal.
Some buyers are on hold due to macro-economic uncertainties and they believe that prices will continue to soften in 2023. Barring a major recession or major equity market correction, I expect prices to continue to trend down. – Frank Janik, IADA accredited dealer Leading Edge Aviation Solutions, Parsippany, N.J.