Pilatus - 4th Quarter Market Review
The good news is that it looks like the bottom has been reached and the market is stabilizing for the turboprop resale market as 2011 came to an end.
The number of retail sales transactions returned to within 18.5 percent of the high reached in February 2008. As of the end of September, there were 1,305 transactions. Compare that with the low water mark of 1,098 transactions in June of 2009 and there is reason for optimism.
The number of retail sales transactions returned to within 18.5 percent of the high reached in February 2008. As of the end of September, there were 1,305 transactions. Compare that with the low water mark of 1,098 transactions in June of 2009 and there is reason for optimism.
Most of 2010 was a period of adjustment for retail sales transactions. The number of transactions crept up as the asking prices fell. Now, there seems to be a balance, as the asking price line and the number of transactions line seem to be closing for the first time since October of 2008.
There is currently 10.3 percent of the active turboprop fleet available for sale. Ten percent is the number traditionally associated with a balanced market: so the new year should see stability in sales prices.
