The 4th quarter of any year is always a bit of an anomaly. Year-end push by manufacturers, tax implications and self-imposed deadlines by buyers and maintenance facilities all taken together drive aviation businesses to new annual stretches.
Bonus depreciation driven by an incredibly huge rush of first-time buyers set new sales standards as well as stretched not only the imagination of new heights of aircraft utilization but also depleted our available inventory to new lows. This phenomenon was also driven by the advent of Covid-19. People were so reluctant to travel on airlines, packed into airports, people moving trains and airplanes that they flooded our market. Today with a bit less fear of the pandemic poor service being provided by the airlines is the new soup de jour for avoiding commercial travel if you can afford it. Most of us in this segment of the industry reported record sales years all driven by high demand. Of course, everyone of us could be selling even more if we had more supply. Hence the sales reported in the first 10 months of 2022 compared to 2021 is actually down in numbers. This decrease in retail sales is driven by supply not demand.
This session kindly sponsored by Mesinger Jet Sales.