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#21
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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 |
#22
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If GA is down, why aren't used aircraft prices?
"Aluckyguess" wrote in :
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. es, for the most part they're pretty cheap at the moment, particularly if they're thirsty. OTOH, little anteeks are increasing all the time. |
#23
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If GA is down, why aren't used aircraft prices?
Dan Luke wrote:
"Dallas" wrote: If the number of private pilots is down from 299,000 to 236,000, why are prices for used aircraft maintaining and even out pacing inflation? That was true from 5-20 years ago, not now. It may be that the percentage of pilots that purchase their own plane has increased. Perfect example is right here in El Dorado AR. As I've mentioned here pre-1980 there were 3 places to rent from as of 1988 there were zero. So now if you fly you own your own airplane. There are fewer active pilots here now but a lot more aircraft. |
#24
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If GA is down, why aren't used aircraft prices?
On Sat, 25 Aug 2007 23:11:22 GMT, Mike Isaksen wrote:
http://www.aso.com/i.aso3/staticcont...x_light_single Wow.. that shoots down my subjective observations. Of course another flaw in my method was looking at "asking" prices not "getting" prices. And I'm a bit shocked at the effect September 2001 had on prices. -- Dallas |
#25
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If GA is down, why aren't used aircraft prices?
"Dallas" wrote in message ... If the number of private pilots is down from 299,000 to 236,000, why are prices for used aircraft maintaining and even out pacing inflation? Economics 101, first day of class - price is determined by supply and demand. Yet I've noticed over the past couple of years the average price for a late '70's Cessna 172 has floated up from $59,000 to $66,000. Cessna 150s have gone from $22,000 to $26,000. Mind you, this is a completely subjective observation on my part, but it does seem accurate. -- Dallas Could there be demand for the 150's driving up price due to it being allowed under the Sport Pilot rules? -------------------------------- DW |
#26
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If GA is down, why aren't used aircraft prices?
Darkwing wrote:
Could there be demand for the 150's driving up price due to it being allowed under the Sport Pilot rules? That might be the case if the 150 was legal under the SP rules. Unfortunatly it isn't. |
#27
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If GA is down, why aren't used aircraft prices?
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... Darkwing wrote: Could there be demand for the 150's driving up price due to it being allowed under the Sport Pilot rules? That might be the case if the 150 was legal under the SP rules. Unfortunatly it isn't. Is the 152 or was there people trying to make the case for it to be allowed? ---------------------------------------- DW |
#28
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If GA is down, why aren't used aircraft prices?
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message ... Dan Luke wrote: "Dallas" wrote: If the number of private pilots is down from 299,000 to 236,000, why are prices for used aircraft maintaining and even out pacing inflation? That was true from 5-20 years ago, not now. It may be that the percentage of pilots that purchase their own plane has increased. Perfect example is right here in El Dorado AR. As I've mentioned here pre-1980 there were 3 places to rent from as of 1988 there were zero. So now if you fly you own your own airplane. There are fewer active pilots here now but a lot more aircraft. And what is the population of aircraft? That's more significant than the number of pilots. IOW, what is the ratio of pilots to aircraft-in-service, now and 25 years ago? |
#29
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If GA is down, why aren't used aircraft prices?
"Darkwing" wrote Is the 152 or was there people trying to make the case for it to be allowed? Yep, people wanted to let the 152 and 150 to be allowed, but the weight came in way lower than either would fit in. -- Jim in NC |
#30
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If GA is down, why aren't used aircraft prices?
"Dallas" wrote in message .. . On Sat, 25 Aug 2007 23:11:22 GMT, Mike Isaksen wrote: http://www.aso.com/i.aso3/staticcont...x_light_single Wow.. that shoots down my subjective observations. Of course another flaw in my method was looking at "asking" prices not "getting" prices. And I'm a bit shocked at the effect September 2001 had on prices. In early 2002 I got a barn-burner of a deal on a B36-TC from a guy who got his ass reamed in the dot.com fallout and the subsequent economic woes post 9/11. |
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