Global Pre-Owned Market Update – Q4 2024

Andrew Young, AMSTAT General Manager, stated, “The availability of preowned business aircraft is rising across all segments. Conversely, transaction activity has been more vibrant in the Super-Mid and Heavy Jet segments, whereas other markets have experienced a year-over-year decline. Across all segments, the decrease in median values has slowed over the past six months.”

AMSTAT has released an update on the preowned business aircraft market, drawing from their Premier+ and Aircraft Valuation Tool services data. With most of the data collected, 2024 concluded with preowned business aircraft transactions up by 0.4% compared to 2023, which is 6% below the five-year annual average. The inventory of preowned aircraft increased by 15% year-over-year, with 6% of the fleet currently for sale, which is below the 10-year average of 8%. Overall, with transaction activity remaining flat year-over-year and inventory on the rise, values have remained stable over the past six months.

Over the past six months, the median value of preowned Heavy Jets has risen by 5%. In contrast to other market segments, which have seen minor declines or stability, the preowned Heavy Jet market is the only one with increasing median values. In the fourth quarter of 2024, Heavy Jet resale transactions increased by 22% compared to the same quarter last year. Yearover-year, transactions in 2024 were 16% higher than in 2023, surpassing the five-year average by 10%. The availability of preowned Heavy Jets grew by 15% year-over-year, with 7% of the fleet on the market, slightly below the 10-year average of 9%. Overall, the preowned Heavy Jet market is experiencing strong demand, expanding inventory, and rising median values.

The median value of preowned Super-Mid Jets has decreased by 13% yearover-year and by 2% over the past six months. In Q4 2024, there was a 4% increase in median values before they fell back in the first weeks of 2025. Transaction activity in the fourth quarter of 2024 matched that of Q4 2023, with the full year being 15% higher than 2023. The entire year’s activity exceeded the five-year average by 8%. The availability of preowned SuperMid Jets has risen by 42% (from 194 to 276 units) year-over-year. Presently, 8% of the Super-Mid Jet fleet is available for resale, surpassing the 10-year average of 7%. The preowned Super-Mid Jet market is currently marked by consistently higher-than-average transactions, an expanding inventory that has grown more year-over-year than any of its peers, and median values that have recently remained flat or slightly declined.

The median value of preowned Medium Jets has fallen 14% compared to last year and dropped 3% over the past six months. Transaction activity in Q4 2024 was down 27% compared to Q4 2023, and full-year transactions decreased by 8% from 2023. This activity level is 22% below the five-year annual average. The availability of Medium Jets has increased by 8% year-over-year, with 7% of the fleet currently on the market, which is slightly below the 10-year average of 9%. Overall, the preowned Medium Jet market in 2024 experienced lower transaction activity, increased inventory, and declining values compared to 2023.

In the preowned light jet sector, the median value has significantly declined by 16% year-over-year, but only decreased by 1% in the past six months. Transactions in Q4 2024 were 17% lower compared to Q4 2023, and 18% below the five-year quarterly average. Throughout the full year, transactions in the preowned Light Jet segment were 6% lower than in 2023. The available inventory increased by 18% year-over-year, with 8% of the fleet currently for sale, which is below the 10-year average of 10%.

Overall, the preowned Light Jet market, aligning with the Medium Jet segment, experienced fewer transactions in 2024 compared to 2023. This increase in inventory continues to exert downward pressure on values.

The median value of preowned Turboprops has declined by 18% over the past year and by 4% in the last six months. In 2024, transactions in the preowned Turboprop market were 1% lower than in 2023 and 8% below the five-year annual average. Transactions in the fourth quarter were 16% lower than Q4 2023 and 23% below the five-year average for Q4. The inventory of preowned Turboprops has increased by 16% year-over-year, with 5% of the fleet currently available for sale, compared to a 10-year average of 6%. Consequently, transactions in 2024 were slightly less than in 2023, and rising inventory has applied downward pressure on values.

Data Source: AMSTAT

Commentary by Andrew Young