Asking values for used business jets, turboprops, and piston singles continued to climb in November even as inventories also marched higher, according to the latest report from Sandhills Global.
In the U.S. and Canada, used turboprop values increased by 36.65 percent. At the same time, turboprop inventories rose 14.6 percent between October and November, although they were 12.35 percent lower than a year earlier.
In the global used business jet market, inventories in the period were up 8.19 percent month-over-month and 86.89 percent year-over-year. Asking values also ascended, rising 4.09 percent from October and 24.71 percent year-to-date.
Aircraft with the least gains in asking values were piston singles, which were up just under 1 percent between October and November and 14.85 percent from November 2021. Piston single inventory rose 6.5 percent last month and 64.66 percent from November 2021.