Aircraft
Prices Ebb in Preowned Bizjet Market as Inventory Grows
Business jet asking prices were down by 6.16% YOY in November
Challenger 3500 on runway
Super-midsize jets saw the biggest YOY jump in inventory in November, Sandhills Global reported. © Bombardier

Asking prices for preowned business jets are softening, dropping by 2.4% month over month and by 6.2% year over year (YOY) in November, according to market valuation analyst Sandhills Global. In its latest market report, Sandhills noted that prices decreased by nearly 5% YOY in October as well, but were slightly up from September by 1.8%.

“Inventory levels of used jets continue to climb,” said Brant Washburn, controller department manager for Sandhills, which owns products such as Aircraft Cost Calculator, AircraftEvaluation, Charter Hub, and Aviation Trader. “We’re also seeing inventory growth continuing in the used turboprop market. But while asking prices were up slightly in November for turboprops, asking prices of used jets took a more noticeable downward turn.”

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