Preowned business aircraft inventory in the older super-midsize and large-cabin jet categories have continued to rise, according to the latest data from industry pricing guide Vref. In its just-released second-quarter market trend report, the company noted that for aircraft such as the Bombardier Global Express and Challenger 601, 604, and 605; Dassault Falcon 50; and Gulfstream IV, inventory has reached its highest point since 2019, with all of these models showing more than 9 percent availability.
It added that these totals do not include off-market listings that could easily push totals past 15 percent. Among the factors for this increase are technical obsolescence, higher maintenance costs, and limited financing options.
While those aircraft lead in inventory, the quarterly update indicated that nearly every business jet or turboprop model has seen some erosion in pricing and demand. As has been observed elsewhere, the certification later this year of the Gulfstream G700 is expected to increase the number of available G550s and G650s on the market, further increasing pricing pressure.
Vref president Jason Zilberbrand explained the market has changed over the past 18 months: “Price reductions have replaced premiums buyers previously were willing to pay as sellers struggle to find buyers for their aircraft. This marks a correction point in the market where the seemingly boundless upward trajectory of values has been met with buyer reluctance.”