Inventory has steadily decreased over the past year and, during June, the average Ask Price for Asset Insight’s tracked fleet actually decreased 1.8%. Not all models experienced a value loss, though. Which aircraft were impacted the most? NAFA member Tony Kioussis, President and CEO of Asset Insight explores.
Asset Insight’s June 30th, 2021 market analysis covering 134 fixed-wing models revealed a 5.0% inventory contraction, equating to a year-to-date (YTD) decrease of 24.2%, as well as a 38.6% Year-over-Year (YoY) reduction. All four groups were involved.
The picked-over inventory’s Quality Rating improved for the first time in four months, rising 0.2% to 5.282, helping keep the available fleet well within the ‘Excellent’ range on Asset Insight’s scale of -2.5 to 10.
The Quality figure’s increase signifies inventory assets will require slightly fewer near-term maintenance events to be completed.
June’s Aircraft Value Trends
The average Ask Price for Asset Insight’s tracked fleet decreased 1.8% in June to about the 12-month average, fueled by the three jet groups. Q2, and YTD figures were higher (2.2% and 0.7%, respectively), while YoY Ask Prices posted a minor 0.2% increase.
This article was originally published by AvBuyer on July 15, 2021.
