Aircraft
Vref: Used Bizjet Market Facing Slowdown with Rising Inventory, Lower Prices
Inventory has increased for six consecutive quarters, Vref says
HondaJet
About 18% of the HondaJet fleet is available, Vref said. © Honda Aircraft

The preowned business aircraft market has seen six consecutive quarters of reduced pricing and increased inventory, with aircraft staying on the market longer, according to valuation specialist Vref.

“The aviation market, traditionally resilient, is experiencing unique challenges this summer,” said Vref president Jason Zilberbrand in the company’s 2024 mid-year outlook. “We are observing a slowdown in business aviation transactions, with an aging fleet and increased price reductions to close deals.”

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