Story ID: 
Jefferies: Available Bizjet Inventory Dips Slightly
By: Kerry Lynch
Caption: More younger aircraft are on market
Word Count: 280
Available inventory of used business jets has inched downward this month year over year (YOY) to 1,189, but jumped by 11% for those less than seven years out of production, according to a recent report from analyst Jefferies.
For all business jets, light jets led the YOY decline, down 5%, followed by heavy jets, dipping 1%. These offset a 2% increase in available used midsize jets, Jefferies reported, citing its analysis as well as Amstat data. Business jets for sale were down from 1,207 a year ago. Available aircraft represented 4.7% of the overall fleet, still near historic lows seen in recent years.
Meanwhile, pricing for younger jet models dropped by 6% as inventory grew to 3.6% of the fleet, up from 3.4% a year ago. However, available inventory for younger models was unchanged from June.
Available Bombardier jets fell by 3% YOY to 62 units, representing 3.4% of the fleet, with a 10% decline in Challengers for sale. Inventory of preowned Dassault Falcons was flat YOY at 25 units, or 4.7% of the active fleet.
Gulfstream inventories climbed 11% YOY to 61 units, or 3.3% of the fleet. This was driven by an additional nine G650s on the market for a total of 30, coming as Gulfstream continues to expand the fleet of its flagship G700.
Eighty-one Cessna Citations were for sale, a 21% YOY increase, with seven more M2s and four more Sovereigns on the market. The number of Embraer aircraft for sale was up 26% YOY to 39 units.
While average list prices are down, Gulfstream prices increased 4%, to $28.5 million, and Embraer lists were up 1%, to $12.7 million. Falcon prices contracted 11% YOY, and Bombardier pricing slid by 13% YOY, to $20.9 million. Citation prices also dropped by 13%.