UBS: Pre-owned Inventory Trending Downward
Available business jet inventories dropped 2 percent in August, the second sequential decline in three months, following 18 months of consecutive increases, according to a business jet report issued by UBS Investment Research. Despite the decline, available inventories are still at 17 percent of the in-service fleet, some 36-percent higher than August last year. Inventories of aircraft less than 10 years old fell 2 percent last month, their third decline in four months but still about 50 percent above prior-year levels. New aircraft positions for sale declined 3 percent last month, their fifth straight decline in as many months. Meanwhile, UBS said average asking prices for most younger aircraft are 30-percent below peak levels, with pricing down another 2 to 3 percent last month.