The asking price for used jet aircraft largely stabilized in September, moving up by less than 1 percent month to month compared to a 1.4 percent decrease in August.
Sandhills Global, which pulled data on used aircraft from Controller.com and other platforms it owns, found asking prices moving sideways for the segment as inventory levels increased by about 4.2 percent on a monthly basis. Year over year, the asking price for a used jet aircraft fell by 2.6 percent.
A similar trend played out in single-engine piston aircraft, with a decrease in asking price of about half a percent month to month and just under 1 percent year over year.
Asking prices for used turboprop aircraft rose 3.7 percent month to month and 4.6 percent year over year, and are trending upward. For Robinson piston-engine helicopters, asking prices are up about 8 percent month to month and about 2 percent year over year.
Inventory levels rose slightly for turboprops and declined slightly for single-engine piston aircraft and helicopters.
Asking prices for all types of used aircraft surged in the years immediately following the height of the COVID-19 pandemic as demand greatly outpaced supply. The market began to normalize in 2023, though many of the factors that fed the boom, including manufacturer backlogs, have persisted.
