Used Aircraft Prices Plunge Amid Increasing Inventory
- Asking prices for used jets and aircraft are generally declining year over year.
- Inventory for used piston single aircraft is decreasing, while turboprop aircraft inventory is increasing.
- The overall market is experiencing shifts, leading to slow sales despite minimal monthly price upticks.
On November 7, 2024, Sandhills Global reported a decline in asking prices for used aircraft across all categories, reflecting a downward trend year over year. Used jets saw the most significant decrease at 4.96%, followed by mid and large jets, which fell by 4.2% and 4.65%, respectively. Meanwhile, inventory levels for used piston single aircraft decreased 7.09% month-over-month and 17.77% year-over-year. In contrast, the inventory for used turboprop aircraft increased, rising by 6.23% month-over-month and 12.11% year-over-year. Despite slight monthly increases in asking prices for some categories, the overall trend indicates a challenging market for sellers. With inventory levels rising, particularly in turboprops, and sales slowing, market dynamics are shifting. The Sandhills Equipment Value Index serves as a critical tool for buyers and sellers to navigate these changes and make informed decisions in this evolving aviation marketplace.