Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

In the first nine months 3,487 pre-owned business aircraft changed hands, up from 3,429 in the same period last year, according to Carmel, Ind.-based aircraft broker Holstein Aviation. Though used inventory continued to decrease, “The marketplace still defies accurate prediction by often moving contrary to what traditionally is considered conventional inventory availability and price behavior,” it noted.

 


While more than one-third of the business aircraft models that the firm tracks had inventory and average asking price increases and decreases “in a manner that supports traditional supply and economic theory,” half experienced inventory and value moving in the same direction. The remaining 12 percent had no change in inventory, Holstein said, but rising or falling average asking price “split nearly equally.”

 


Across the fleet, pre-owned business aircraft average asking prices ranged from a 13.2-percent increase to a 34.7-percent decrease, depending on the specific model. Holstein said that inventory decreased for more than half of the pre-owned aircraft it tracks, while 35 percent saw more airplanes come onto the market. Ten models had no change in inventory.

 


Average days on the market for business jets last month fell by 15 from a year ago, to 494 days. Turboprops also moved more quickly, selling last month in 528 days versus 551 a year ago.

Used Bizcraft Transactions Climb in First Nine Months

In the first nine months 3,487 pre-owned business aircraft changed hands, up from 3,429 in the same period last year.

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