The International Aircraft Dealers Association (IADA) noted strong fourth-quarter sales activity in its year-end 2024 report released this morning.
In the final quarter of 2024, the 562 completed transactions by its dealer members equated to 36% of the year’s total, an increase of nearly 50% over the third quarter and nine more than the same period in 2023. The total of 1,559 closed deals in 2024 represented a 10% increase from the previous year.
The report’s member survey showed a rising trend among IADA constituents in terms of sales volume expectations for the next six months, jumping from 3.1 to 3.5 for the fourth quarter in a five-point scale topped by “best ever” sales climate.
“Our fourth quarter 2024 perception survey indicates that members are entering 2025 with a collective sense of optimism,” said IADA chairman Phil Winters, who also serves as v-p of aircraft sales and charter management at Greenwich AeroGroup and its Western Aircraft subsidiary. “This optimism is reflected in the anticipated strong demand for preowned aircraft across all size categories, supported by relatively stable prices, values, and additional inventory.”
While transactions rose in the fourth quarter, there were indications that supply-side issues continue to constrain preowned aircraft transaction volumes, according to IADA. It added that production supply chains and the labor market have yet to fully rebound from the lingering effects of the pandemic, “with signals that factory deliveries continued to slide into 2025.”
“Market conditions have more tailwinds than headwinds,” stated IADA member Shawn Dunning with Dallas Jet International. “This is continuing to make it more difficult than not to find quality aircraft at a market price.”