LINCOLN, Neb., Sept. 5, 2024 /PRNewswire/ — New aviation market reports from Sandhills Global show inventory levels trending upward for used jets and turboprop aircraft while piston single aircraft inventory remains steady. Variations in asking values have been marginal in recent months, although asking prices for jets and piston single aircraft decreased month over month and year over year in August.
Sandhills observed a slight M/M change in asking values, down 0.05%, and a more significant YOY drop of 6.09%.
Asking values decreased by 0.45% M/M and 1.24% YOY and are trending downward.
Asking values were up 1.97% M/M and 1.55% YOY and are trending sideways.
Meanwhile, asking prices fell by 8.06% M/M and remain lower than last year, down 1.03% YOY, but are trending upward.
“We are currently seeing price reductions across most aircraft categories,” says Controller Manager Brant Washburn. “Aircraft are continuing to sell, but we’re noticing sellers are repricing to accommodate the current market structure.” The reports cover pre-owned jets, piston single airplanes, turboprop airplanes, and Robinson piston helicopters in Sandhills marketplaces.
Sandhills’ aviation products include Controller, Controller EMEA, Executive Controller, Charter Hub, Aviation Trader, Aircraft Cost Calculator, and AircraftEvaluator. AircraftEvaluator is Sandhills’ proprietary asset valuation tool for all types of aircraft, built using the same technology behind FleetEvaluator. Widely used and trusted across equipment, truck, and trailer industries, FleetEvaluator identifies asset values with unparalleled accuracy.
The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets, as well as model-year equipment actively in use.
Additional Market Report Takeaways
This report includes detailed analyses of asking value and inventory trends in used aircraft markets along with charts that help readers visualize the data. It describes and quantifies important trends in the buying and selling of used jet, piston single, turboprop, and Robinson piston helicopter aircraft.
Global Used Jets
- Inventory levels of used jet aircraft worldwide decreased by 1.7% month over month in August but are trending upward. Inventory was up 7.85% year over year.
- Sandhills observed a slight M/M change in asking values, down 0.05%, and a more significant YOY drop of 6.09%.
U.S. and Canada Used Piston Single Aircraft
- In the U.S. and Canadian piston single aircraft markets, inventory levels inched downward 1.08% M/M in August and are trending sideways. Inventory was 11.09% lower than year-ago levels.
- Asking values decreased by 0.45% M/M and 1.24% YOY and are trending downward.
U.S. and Canada Used Turboprop Aircraft
- Inventory levels of U.S. and Canadian turboprop aircraft rose 1.52% M/M and 6.07% YOY in August, continuing several months of growth.
- Asking values were up 1.97% M/M and 1.55% YOY and are trending sideways.
Global Used Robinson Piston Helicopters
- Inventory levels are trending upward in the worldwide used piston helicopter market. Sandhills observed increases of 2.56% M/M and 5.26% YOY in August.
- Meanwhile, asking prices fell by 8.06% M/M and remain lower than last year, down 1.03% YOY, but are trending upward.
Obtain the Full Report
For more information or to receive detailed analysis from Sandhills Global, contact us at [email protected].
About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information through trade publications, websites, and online services that connect buyers and sellers across the aviation, construction, agriculture, and commercial trucking industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.
About the Sandhills Equipment Value Index
The Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, commercial trucking, and aviation industries represented by Sandhills Global marketplaces, including Controller.com, AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator and AircraftEvaluator, Sandhills’ proprietary asset valuation tools, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.
Contact Sandhills
www.sandhills.com/contact-us
402-479-2181
SOURCE Sandhills Global
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Originally published at https://www.prnewswire.com/news-releases/jet-and-piston-single-aircraft-asking-prices-see-yearly-and-monthly-declines-amidst-steady-inventory-growth-302239974.html
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