JETNET releases July 2012 and seven months 2012 data
JETNET has released July 2012 and the YTD 2012 results for the pre-owned business jet, business turboprop and helicopter markets.
Highlighted in Table A are key worldwide trends across all aircraft market segments comparing July 2012 to July 2011. The fleet “for sale” percentages for all market sectors were down in the July comparisons, with the largest drop in the business turboprops, down to 8.9% compared to 10% for July 2011.
Continuing the good news from last month, business jet sale transactions increased 7.7% YTD in July 2012 compared to 2011. They are selling in less time – six fewer days – as shown in the Worldwide Trends in Table A.
However, business turboprops declined by 2.5%, whereas turbine and piston helicopters saw double-digit declines in YTD sale transactions, at 10.7% and 12.2% respectively.
Business jet average asking price increased 2.6% for 2012 YTD compared to the same period in 2011. However, the business turboprop market is the only market to show a decrease in average asking price-of 3.2% YTD compared to last year-and it is taking 28 days longer to find a buyer when viewing the average days on the market. Average days on the market for business turboprops is less than a year (346 days) compared to the other markets, which are averaging well over a year before selling.