NAFA member, Tony Kioussis, President & CEO, Asset Insight, LLC, shares the November 2021 Used Aircraft Maintenance & Marketability Analysis.
November’s pre-owned aircraft sales amounted to the second highest number of monthly aircraft trades for the models tracked by Asset Insight, along with an average Ask Price increase. Which models were affected the most?
The inventory of pre-owned business jet and turboprops tracked by Asset Insight decreased 5.6% (107 units) during November. That contributed to a 47% reduction Year-to-Date (YTD), equating to 902 fewer units.
Overall, the 1,010 assets listed for sale across the 134 model fleet tracked by Asset Insight at the end of November, 2021 represent a 52.2% inventory decrease Year-over-Year (YoY).
The market analysis, conducted by Asset Insight on November 30, exposed an additional 5.6% decrease to inventory over October (73 units). A lack of young, low-time aircraft certainly does not appear to have dampened buyer enthusiasm. Sellers of aging aircraft will be hoping to benefit from the market’s activity – however unlikely that might be.
The listed fleet for sale’s Quality Rating deteriorated 0.2% from October’s 5.200, to 5.187. This represents a second consecutive 12-month low, and produces a YoY decrease of 3.4%. The Rating remained within ‘Very Good’ territory, but buyers should take note that most listed aircraft are approaching more near-term maintenance events.
The report was originally published by AvBuyer on December 15, 2021.
