RESIDUAL VALUES IMPACTED BY MANUFACTURERS

摘要

The main concern of investors in this year's Aufinance Journal engine survey is residual values. Respondents to the poll indicated that increasing control of the market by engine manufacturers may be threatening engine values at the end of their economic life. At issue is whether residual values are under threat because of increasing dominance of the maintenance, repair and overhaul (MRO) market by the engine manufacturers and other original equipment manufacturers (OEMs). Investors are also noting that lease rates for certain assets are being squeezed by oversupply in the leasing market. The results of this year's poll reflect the concern. For all but three engine types, the scores for residual values are lower than those of 2014. Investors and industry analysts have for some time expressed concern about the increasing dominance of the MRO market by OEMs and, in particular, there is increasing concern about what happens to the residual values of engines that are covered by OEM support packages.