Jet Asking Values Descend While Other Aircraft Category Prices Remain Steady

LINCOLN, Neb., May 7, 2024 /PRNewswire/ -- According to the newest Sandhills Global market reports covering aircraft in Sandhills marketplaces, inventory levels increased across most categories, including jets, piston single aircraft, and turboprop aircraft. Asking values, meanwhile, remained steady across all categories except jets; as of April, the jet category is nearing double-digit year-over-year value decreases.

"We're seeing strong aircraft sales despite the increasing inventory levels," says Controller Department Manager Brant Washburn. "However, selling prices have been declining, so we're tracking the markets carefully."

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 a detailed analysis of asking values 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     

• Worldwide used jet inventory levels are exhibiting a steady upward trend. Levels increased 3.65% month over month and 9.49% year over year in April.
• Asking values, however, continued a well-established downward trend, decreasing 2.98% M/M and 9.25% YOY.

U.S. and Canada Used Piston Single Aircraft

• Aircraft inventory levels in this category were up 6.75% M/M in April but are maintaining a steady trend. Inventory was down 11.54% YOY.
• Asking values continue to fluctuate between monthly increases and decreases, resulting in a steady sideways trend. Asking values dipped lower by 0.51% M/M in April but ticked up by 0.66% YOY.

U.S. and Canada Used Turboprop Aircraft

• Recent trends have shown a significant increase in used turboprop aircraft inventory levels, which rose by 7.96% M/M in April and are trending upward. This increase is significant compared to the same period last year, with inventory levels 20.41% higher YOY in April.
• Asking values, on the other hand, have experienced a slight decrease, down 2.33% M/M and trending sideways. This indicates stability in the market despite the monthly decline. Asking values decreased only marginally compared to last year, down 0.45%.

Global Used Robinson Piston Helicopters

• Sandhills noted a slight decrease in inventory levels for this category, with a 4.2% M/M reduction in April. Despite the dip, the overall inventory trend for used Robinson piston helicopters is moving sideways. Inventory levels were up 0.88% YOY.
• Conversely, asking values have experienced a modest increase of 0.86% M/M. Asking values are also trending sideways, which reflects steady market demand. Asking values ticked up slightly YOY at 1.28% in April.

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About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of 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.

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SOURCE Sandhills Global