Pre-owned Bizjets on ‘Positive Pace,’ Says JetNet
“Business jets are on a positive pace in 2012, with 5.7-percent growth year-to-date in November in pre-owned full retail sale transactions and a 1.8-percent increase in average asking price, compared with the same period in 2011,” business aviation market information firm JetNet said today in its latest market update.
According to JetNet, pre-owned business jet inventory in November settled at 13.6 percent of the in-service fleet, down 0.4 points from a year ago. Average number of days on the market for used jets remained unchanged from a year ago, at 373. JetNet’s data also showed a $4.548 million average asking price for business jets.
Meanwhile, the number of business turboprops for sale continued to trend downward, as did the number of sales transactions. Pre-owned business turboprop inventory in November sat at 8.5 percent, down 1.4 points year-over-year. Sales transactions decreased by 4.4 percent, to 1,217, from a year ago. However, average asking prices rose by 1.5 percent, to $1.325 million. The average number of days on the market for used turboprops increased year-over-year by 13, to 343 days.