Aircraft
Pre-owned Update: Inventory continues to decrease slightly
The current pre-owned aircraft market can be defined as consistent as inventory continues to inch down, month-after-month.

The current pre-owned aircraft market can be defined as consistent as inventory continues to inch down, month-after-month. Many people regard this consistency to be welcome news, considering where the market was a couple of years ago.

Market consistency is occurring despite some aircraft being grossly overpriced and some, arguably, being undersold.  It remains perplexing that some large-cabin models, which are in extremely low supply, should be selling below year-ago levels. One thought is that after an owner has his aircraft on the market for a year or more and has witnessed its value deteriorate, the last thing he wants to do is hold his price and wait another six months to achieve it. Based on sales trends, if this continues, one might reasonably speculate that we are setting up for pricing improvement two quarters ahead.