No surprise for early November, the underlying theme is still the same—uncertainty due to political, economic, and aircraft availability factors. However, by the time this magazine goes to print or reaches your inbox, the sentiment could be different, as we will have been through an election! As of today, our team’s observations are as follows:
- The market is stagnant. Buyers want too much for their aircraft and Sellers are not adjusting their prices (much). We’ve seen some price adjustments from ‘crazy’ down to ‘extra high’.
- There are some new arrivals to the market increasing inventory to 43 PC-12s and 4 PC-24’s from 37 and 3 respectively.
- Seller’s greed continues, and in some cases, is rising despite the lack of aircraft transactions.
- The market is trailing last year’s numbers by 20 preowned sales.
- Bad actors (‘Brokerville’) continue to tell airplane owners what they want to hear.
- Election results? What effect will this have?
- Concerns over the stock market and fears of a potential recession. Who are we kidding, we’re in a recession. Everywhere you turn says so…
- Which greedy seller will drop their price to fair market value? Buyers are waiting for this to occur.
- What broker(s) will continue to misguide their buying or selling client, just so they collect a commission check? This equates to breathing air…
The end of the year is notoriously busy in aviation across the board. Stick with us as we weather whatever comes our way in the next few months.