Story ID: 
Amstat: Preowned Aircraft Sales Pace Slows
By: Curt Epstein
Caption: As the preowned aircraft inventory increases along with average asking prices, industry data provider Amstat noted a relative slow down in sales activity.
Word Count: 216
In its latest business aircraft preowned market update, industry data provider Amstat noted a relative slowdown in resale transaction activity. Despite this, the company said sales activity is more brisk in many aircraft segments than in pre-pandemic years.
According to the report, there is still a lower percentage of the active fleet available for resale than historical averages, but preowned inventory saw significant increases year-over-year. Inventory build-up was led by light jets, which is now at 5.4 percent of the in-service fleet, and large-cabin jets at 5.3 percent.
For super-midsize jets, the 5.1 percent market availability represents a 151 percent increase from a year ago. Large-cabin jets was next, with a 94.3 percent rise over last May’s inventory. The turboprop segment saw the lowest surge in inventory with a 16.6 percent inventory climb. All segments saw a rise in median resale values, with super-midsize jets leading with a 31 percent increase.
In terms of asking prices, Amstat’s analysts observed continued high expectations from sellers, with midsize jets experiencing a 72 percent price increase from a year ago. “Seller expectations remain high with the average asking price of preowned medium jets continuing to rise despite weakening demand and an increase in preowned supply,” the report said.