Large Used Bizjets Lead 12-month Increases in Values

Year-over-year preowned business jets values continue to climb as inventory shrinks, with the gains being led by large-cabin jets, according to a report released today from Sandhills Global. Using its proprietary asset valuation tool called AircraftEvaluator, Sandhills assigns a key metric it calls the equipment value index (EVI) to large, super-midsize, midsize, and light business jets.

Overall, the report said, available preowned jet inventory declined 70 percent between February 2021 and last month. During that period, the inventory of large business jets fell 63.4 percent, “driving prices upward with the lack of supply within the market." That pushed the EVI for preowned large-cabin business jets up 16.7 percent year-over-year, to $20.3 million.

Year-over-year EVIs climbed for light jets to $3.8 million on a 72.5 percent decline in inventory; midsize jets to $4.9 million on a 77.5 percent inventory decrease; and super-midsize jets to $9.5 million on a 70.6 percent reduction in inventory.