Pre-owned Update: May 2015
Expect inventory to shrink in the second quarter.

After a typical first-quarter breather during which inventory often rises, buyers appear poised to step up the buying in the second quarter. True to form, inventory did tick up last quarter, but it held below its 12-month moving average of 2,300, which itself is within striking distance of a multiyear low, courtesy of a busy year last year. Add to that a fair number of aircraft on the market but under contract and we’re likely to see choices move lower in the current quarter.