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Asking Prices Up Slightly for Used Jets, Down for Piston Singles, Turboprops

Analysts see minor changes in October after prices largely stabilized in September.

Business jets
Gulfstream and Dassault Falcon private jets at Dallas Love Field [Credit: iStock]
Gemini Sparkle

Key Takeaways:

  • In October, asking prices for used jets saw a slight increase of just under 1%, contrasting with declines for piston singles (1.8%) and turboprops (4.1%).
  • Used jet inventory decreased slightly month-over-month and significantly by 15.7% year-over-year, while piston singles and turboprops showed month-over-month increases but notable year-over-year declines in inventory.
  • The market is normalizing in 2023 after a post-COVID surge in demand and prices, though factors like manufacturer backlogs persist.
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Asking prices for used jets edged up slightly in October while falling for piston singles and turboprops, according to analysts.

Sandhills Global, which pulled data on used aircraft from Controller.com and other platforms it owns, said jet asking prices climbed just under 1 percent month to month, while the market value of piston singles dipped by 1.8 percent and turboprops lost about 4.1 percent.

Zach Vasile

Zach Vasile is a writer and editor covering news in all aspects of aviation. He has reported for and contributed to the Manchester Journal Inquirer, the Hartford Business Journal, the Charlotte Observer, and the Washington Examiner, with his area of focus being the intersection of business and government policy.

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