Though battered and bruised over the last few years by what seems like a daily barrage of negative global economic news, the pre-owned market participants have become somewhat immune and are apparently now shrugging it off. Consider the continuing month-over-month reduction in the overall number of choices, which recently slipped to just a tick under October 2008 levels, when the bottom fell out.
While the numbers seem to have recovered, especially in light of a growing overall fleet, values, for the most part, have not. It’s these low numbers–especially for some of the older aircraft that had seemed to fall out of favor–that appear to be the draw. In fact it turns out it was just a price adjustment that was necessary to stimulate sales. The words price adjustment of course seem to understate, maybe even sugar coat, what has really occurred to a huge number of aircraft, but based on some recent activity, it looks as if pricing has arrived at a level that has spurred even the thriftiest of buyers into action.
