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.
Obtain the Full Report
For more information or to
receive detailed analysis from Sandhills Global, contact us
at marketreports@sandhills.com.
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.
Contact Sandhills
www.sandhills.com/contact-us
402-479-2181
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SOURCE Sandhills Global