Have you been holding on to your private jet since 2008, waiting to see prices rise again? If so, it may be time to get that beauty in shape for potential buyers.
Finally, indicators point to the beginning of a seller’s market in the pre-owned private jet industry.
JetNet reports these trends for business jet sales, comparing January 2012 to January 2011.
- Increase in prices: +14.3%
- Decrease in inventory: -0.9%
- Reduction in average days on market : 126
- Transactions increased: 3.7%
Of course, these improvements are for only one month, but it looks like the trend may continue. One factor is the strong Asian market. The Asian buyers tend to prefer brand new aircraft, but some may purchase pre-owned jets to avoid waiting until 2014 for a new Bombardier.
What do you think — will prices continue to improve for 2012?