Story ID: 
Jefferies: Available Used Bizjet Inventory Dwindles
By: Kerry Lynch
Caption: Available inventories are down 11% YOY overall and by 37% for younger models
Word Count: 250
The available used business jet inventory is down by 11% this month year over year (YOY) to 1,029, and by 12% over the last six months, according to the latest report from analyst Jefferies. Citing its own data and analysis, along with that of Amstat, Jefferies further noted that the inventory is down by 37% when counting only younger jets—those less than seven years out of production. However, both the overall and young inventories did tick up from April by 1% and 7%, respectively.
Driving the YOY inventory decline were available heavy jets, down by 26%. Available used light jets dipped by 8% and midsize by 5%.  As a result, pricing is up by 4% YOY, even if softened by 2% from April.
Considering just the younger models, available inventory remains in the historically low range of 2.1% of the overall fleet.
By manufacturer product lines, young Gulfstream model availability is down to 35 units, dropping 43% YOY as a result of a contraction in G650s on the market (nine units in May versus 28 a year ago). Similarly, available Bombardier fleets were down 41% to 37 units with fewer Globals and Learjets for sale.
Textron Aviation’s Cessna Citation line accounted for 44 units for sale, down 40%, and available Embraer units decreased by 28% to 29 aircraft. Dassault Aviation’s Falcon inventory slid by 23% to 17 units.
These declines are noted in average list prices, with Citations increasing 8% YOY and Falcons by 7.4%. Gulfstream model pricing ticked up 3%, while Bombardier aircraft list pricing is up 1.5% overall.