While many expected 2008 to be one of the slowest summers in quite a while for the pre-owned market, foreign buying activity seems to have given the industry a boost. There are still plenty of U.S. buyers, but because prices rose to new heights a year ago as inventory fell, many seem to be holding back until the ongoing retrenchment in pricing is fully realized.
Prices always seem to fall more slowly than they rise, which often exacerbates
the correction, typically by extending it as sellers continue to want to trade the market that was, rather than the one that is. Lending credence to this is the inventory level that increased above 2,000 aircraft for the first time in five years. However, one can’t overlook the fact that nearly 4,500 new aircraft were delivered between then and now, so the current level is somewhat insignificant as a comparison and could be expected to rise further.
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