Available used business jet inventory continued to climb in March, up by 26 percent year-over-year (YOY) overall and by 21 percent for aircraft lower than seven years out of production, in keeping with analyst Jefferies. At the identical time, pricing dipped by 4 percent YOY.
Citing Amstat and its own data, Jefferies said 1,116 business jets are up on the market thus far this month, compared with 1,094 in February and 883 in March 2023. Inventory represents 4.3 percent of the whole fleet, which continues to be down from the five-year average of 5.1 percent but up from the one-year average of 4.1 percent.
Inventory is up across all segments, led by the 30 percent increase in available midsize jets. The variety of large-cabin jets on the market increased by 25 percent, while light jets were up by 24 percent YOY.
Gains were seen in available inventories across all the most important manufacturers aside from Embraer. A decline in available Phenom 300s and 100s on the market helped shrink the general Embraer inventory by 11 percent YOY to 31 units. This represented 2.6 percent of the energetic fleet.
Bombardier aircraft on the market increased by 18 percent YOY to 59 units, or 3.3 percent of the fleet, while Cessna Citation inventory was up 25 percent to 111 units, or 3.4 percent of the energetic fleet, with more Mustangs and Sovereigns available on the market.
Of the most important OEMs, Dassault Falcon saw the most important increase, up 43 percent, but from a smaller base of 20 units on the market. That is 3.8 percent of the energetic fleet. The variety of Gulfstreams on the market increased by 31 percent to 72, or 3.6 percent of the fleet.
Amstat data shows that the Savannah, Georgia manufacturer has now produced 53 G700s while the ultra-long-range aircraft awaits certification, including an anticipated 46 certain for patrons.
As for list prices, Dassault models were up 3 percent YOY while they fell for Citations, down 2 percent; Bombardiers, -3 percent, Embraers, -10 percent; and Gulfstreams, -9 percent.