The weather is cool and the leaves are turning colors and falling to the ground which makes this my favorite time of the year.
Talking to my business collages, we always love to compare business and share our positive as well as negative feedback with one another. We test each other on how business is plus I personally keep on top of the industry trends and watch what the industry leaders are doing or for that matter not doing.
When Congress extended the investment tax credits a few weeks ago I was very enthusiastic in hopes that the forth quarter of 2010 would be somewhat brisk in terms of buying and selling.
Since we still have two more months to go in this quarter, perhaps its still too soon to tell, but I personally have noticed a small upswing in sales inquires as well as appraisal requests. This is indeed a good sign compared to what it has been lately but no where near what it should or could be.
Still overall business in our industry seems to be stagnate to say the least. The big manufactures are still laying off employees and not building aircraft although they don’t really want you to know that.
I see that aircraft lenders are still very squeamish and are still playing hard ball when it comes to qualifying and/or evaluating the aircraft of question. Instead of telling their potential customers that they will only finance 75%-80% of the value of the aircraft they are using resources like Vref and the Price Blue Book to gather values of which both very much undervalue the actual worth of the aircraft.
What they should be doing is hiring a qualified and well trained aircraft appraiser of which can appraise the aircraft using current market trends and facts of which Vref and such have no clue about.
Perhaps I’m bias since I am a trained and experienced aircraft appraiser as well as a Senior Member of the National Aircraft Appraiser’s Association (NAAA).
I do pride myself on thoroughness and I believe with all my research tied in with the aircraft’s inspection, I do feel that end result is a very accurate valuation of the aircraft of subject, and no an accurate appraisal does not come easy by any means when it comes to actually doing the job itself.
Traditionally speaking, here in the United States the GA sales season runs from late March through Thanksgiving or there about depending on locations. After that period the aircraft gets tucked away in the hanger for the winter in hopes of better and warmer days.
If you are looking to sell or buy, now is the time to do so, before the north winds begin to blow! Buyers can take advantage of the extended investment tax credits and buyers can get that last minute sale before things shut down for the winter.
Let me know if I can help! My company responds very quickly to appraisal requests and we can also broker your aircraft very efficiently and professionally.
If you are looking to buy, we'll handle all the research, inspections, and closing details work! Our Aircraft acquisition program is professional and complete!
Give me a call & have a great Fall Season!
Best Regards,
Rick Rossner
President
