Sandhills Global Equipment Value Index shows a slowing of price increases in the preowned turbine business aircraft market and growing inventories year-over-year. However, the company reports that “values remain elevated over recent months. Inventory levels of used jets, turboprops, and on the market continue to exceed last year's figures.” Sandhills publishes the Controller used aircraft market listings.
“Jet and turboprop markets are seeing asking values plateau," said Controller department manager Brant Washburn.
Specifically, Sandhills reports that worldwide, “Used jet inventory numbers increased by 5.75 percent month over month in March and are currently trending upward. Levels of used inventory have rebounded dramatically over the past year, posting a 109.61 percent increase year-over-year.” Meanwhile, it added, “Asking values for used jet aircraft also continue to ascend with growth of 0.42 percent month-over-month, although the pace of the increases has cooled off lately. The jet market's asking values remain up, posting an 11.02 percent year-over-year increase.”
For used turboprops, inventory levels have grown 12.44 percent year-over-year following an 8.12 percent month-over-month gain, while asking values rose 2.66 percent month-over-month in March but were still up 14.29 percent year-over-year, according to Sandhills.