The asking prices for pre-owned jets, single-engine piston aircraft and turboprop aircraft have remained flat or have declined in recent months, according to the latest report from Sandhills Global.
The company said that while inventory levels are up across most categories, asking values for used piston single aircraft are trending sideways while those of used turboprops and piston helicopters are trending down.
Jet inventories have been growing since January 2022 and continued to rise in July, but asking values are starting to decline and are trending sideways.
Decrease in used jet aircraft values
“The recent decrease in used jet aircraft values is especially noteworthy,” said controller department manager Brant Washburn.
“But anyone tracking aircraft market trends should be paying attention to the fine points in the new market reports because asking values are responding differently to inventory increases in each category.”
The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI).
Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximise returns on acquisition, liquidation, and related business decisions.
The Sandhills EVI data include equipment available in auction and retail markets, as well as model year equipment actively in use.
For used jets specifically, the global inventory levels have been rising since January 2022, while asking values are starting to trend downwards, said Sandhills, an information processing company headquartered in Lincoln, Nebraska.
Inventory levels increased 5.38% month on month and 71.12% year on year in July following consecutive months of increases.
Asking values decreased 7.23% month on month, rose 0.56% year on year, and are currently trending sideways.
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