Asset Insight, a valuations, audits, analytics, and consulting firm that produces reports on the valuations and marketability of business class aircraft, has released their Q2 2020 Asset Insight AI2 Market Report. The report shows a “considerable” drop in the asking price of many preowned aircraft during Q2 2020, while stating that “days on market” increased as much as 54 percent for some aircraft in the same time period.
Asset Insight Q2 Report: Drop in Business Jet Prices
Key Takeaways:
- The Q2 2020 Asset Insight report indicates a "considerable" drop in pre-owned business aircraft asking prices and a significant increase in "days on market" due to the COVID-19 pandemic.
- Aircraft inventory rose by 8.2% in the first half of 2020, with large jets seeing the biggest increase, while asking prices decreased across all categories (large, small, medium jets, and turboprops).
- The Maintenance Exposure to Ask Price Ratio (ETP Ratio), which indicates marketability, slightly improved overall in Q2, though aircraft with high ETP Ratios remained on the market significantly longer.
- Despite the market slowdown, the strong quality of aircraft available for sale presents a notable opportunity for buyers.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
