Business Aviation Market Intelligence

Global Pre-owned Market Update – Asian Sky Quarterly 2021Q4

by Global Sky Team

Global Pre-owned Market Update – Asian Sky Quarterly 2021Q4

“As a percentage of active fleet, business jet and turboprop pre-owned inventories are at another all-time low (3.4%) and pre-owned transaction activity for 2021 will significantly exceed 2020. The competition for pre-owned aircraft from return buyers, new entrants and fleet operators looking to satisfy demand has depleted the used inventory to such an extent that buyers and their agents are truly challenged to find that next aircraft.”

-Andrew Young, AMSTAT General Manager

The short-term median value of Heavy Jets has continued to rise, with this metric up 29% over the last 12 months.

Over this period, the short-term median value metric for this segment recovered everything lost in the first half of 2020 and is now 19% above pre-covid levels.

This trend has been driven by continued robust transaction activity, up 51% in the first three quarters of 2021 compared to the same period in 2020 and up 35% over the same period in 2019.

While fourth quarter data is still incomplete, the count of pre-owned transactions for 2021 is already 17% ahead of 2020.

The Heavy Jet inventory continues to contract, down 53% year-over-year.

The short-term median value of Super-Mid Jets has risen 38% over the last 12 months, recovering everything lost in early 2020 and is now 26% above the same metric in January 2020.   Like the Heavy Jet market, this upward trend in values has been driven by strength in resale transactions and a continued contraction in Super-Mid availability.  Inventory in this segment is down 65% year-over-year.  Resale retail transactions in the first nine months of 2021 are up 50% over the same period in 2020.  With an incomplete set of data for quarter four, full year 2021 is already up 30% over 2020.

The short-term median value of Medium Jets has risen 35% over the last 12 months and is now 20% ahead of its start of 2020 levels.  The positive direction of values is in large part due to continued strong resale retail transaction activity with the first nine months of 2021, which exceeds the same period in 2020 by 60%. The 2021 full year is already 20% higher than 2020 with data from Q4 2021 still incomplete.  Values have also been driven up by a contraction of supply, which is down 56% year-over-year in this market segment.

The short-term median value of Light jets has increased 34% over the last 12 months and is now 19% ahead of its January 2020 mark.

As with other markets, this upward trend has been driven by increased resale transaction activity, up 67% during the first 9 months of 2021.

Even with incomplete 2021 data, 2021 is 23% ahead of 2020.

The inventory in this segment has fallen 49% year-over-year.

The short-term median value of Turboprops has risen a net 35% over the last 12 months and is now 30% ahead of January 2020 levels.  Resale transaction activity remains strong in this segment, up 47% in the first nine months of 2021 compared to the same period in 2020.  With incomplete Q4 data, 2021 is already ahead of 2020 by 19%.  The Turboprop inventory has also contracted 43% year-over-year.

* IMPORTANT NOTE: This chart represents aggregated data. The changes in values this year within individual make and model markets, and for specific serial numbers, may vary to a greater or lesser degree from these trends.

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