Aircraft
Used Bizjet, Turboprop Inventories Mixed, Prices Rise
Sandhills Global aviation industry market reports show year-over-year growth in asking values for business jets, turboprops, and piston singles.
(Photo: Mark Wagner)
(Photo: Mark Wagner)

Asking values for preowned piston singles and business jets continued to steadily climb in October along with inventories, according to Sandhills Global aviation industry market reports. “Aircraft sales continue to be strong, but we are also seeing more aircraft coming to market than we did in previous quarters,” said Brant Washburn, department manager of Controller, Sandhills’ aircraft marketplace.

Globally, preowned business jet inventory was up 16.3 percent between September and October and 52.7 percent year-over-year. During that same period, asking values increased 2.4 percent month-over-month and were up 24.1 percent from a year ago.