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IADA Market Report – First Quarter 2024

by Asian Sky Team
IADA Market Report – First Quarter 2024 
This article is extracted from the most recent edition of The Asian Sky Quarterly.
To read the full article, please download our Asian Sky Quarterly Q1 2024 Report.

Background on Respondents

IADA Products and Services Members are part of our collective network and represent a breadth of members that provide comprehensive services, including transactions, operation, maintenance, insurance, and financing and leasing. Together, they offer a unique perspective on the current state of the industry as well as an informed point of view on projections for the next six months.

IADA dealers reported 149 new acquisition agreements in Q1 2024, up 17% from Q4 2023 but down 6% year over year compared with Q1 2023. IADA dealers reported a significant increase in the number of exclusive retainer agreements, up approximately 50% from Q4 2023 and from Q1 2023 year over year.

In Q1 2024, dealers reported 88 instances of lowered prices, up from 76 in Q4 2023 and 52 in Q1 2023. Although based on relatively small numbers, this represented a 69% increase in lowered price listings year over year. Reported activity in Q1 2024 included more than 250 closed deals, down from the Q4 2023 year-end surge but up 6% year over year from Q1 2023 in what is almost always the slowest quarter of the calendar year.

In general, we believe that IADA dealer reported activity reflects the rebalancing of demand and supply forces in a healthy marketplace.

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To read the full article, please download our Asian Sky Quarterly Q1 2024 Report.

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