If GA is down, why aren't used aircraft prices?

A friend bought a 172 the asking price was 54k he offered 25 the guy called
a couple weeks later and took it. He put a 5k paint job on the plane and it
looks nice. No one thought he would get the plane. The guy needed the money
and had not another person even look at it.

"Dan Luke" wrote in message
...

"Matt Whiting" wrote:

Mind you, this is a completely subjective observation on my part, but it
does seem accurate.


What is your data source? I've been watching Skylane prices for the last
year or so as I'm toying with ownership again and I've seen probably a
10% drop in prices in TAP over this time-frame.

Yep. Aviation Consumer just ran an article showing prices of most light
GA aircraft have declined since 2000.

Just try selling a 20+ -year old airplane these days; you'll find it
tough.

If I hadn't luckily met just the right buyer on a ramp in Mississippi, I'd
probably still be trying to sell my 1984 172RG.

--
Dan
T-182T at BFM