NAFA member, Andrew Young, GM at AMSTAT, shares their Business Aircraft Preowned Market Report.
AMSTAT Business Aircraft Preowned Market – In Summary
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Preowned aircraft inventories have been on the rise since 2018. This trend continued into the first half of 2020 but has since reversed in most market segments. The lack of a large spike in listings for sale bodes well for a quicker recovery.
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There was no panic to sell as a result of Covid.
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Through Q3, total preowned transaction activity is roughly even with 2019. Between June and October, resale transaction activity outperformed 2019 and has recovered from a 17% deficit (year-over-year) for January through May.
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Since the start of the year aircraft estimated average values have fallen between 11% and 26%. Some markets have seen values begin to recover, notably the Heavy Jets. In the Super-Mid and Medium Jet and Turboprop markets the rate of value decline seems to have slowed. The estimated average value for Light Jets continues to trend downwards.
Click here to read full report.
This report was originally published by AMSTAT on November 30, 2020.
