Available used business jet inventory continued to climb in March, up by 26 percent year-over-year (YOY) overall and by 21 percent for aircraft less than seven years out of production, according to analyst Jefferies. At the same time, pricing dipped by 4 percent YOY.

Citing Amstat and its own data, Jefferies said 1,116 business jets are up for sale so far this month, compared with 1,094 in February and 883 in March 2023. Inventory represents 4.3 percent of the total fleet, which is still down from the five-year average of 5.1 percent but up from the one-year average of 4.1 percent.

Inventory is up across all segments, led by the 30 percent increase in available midsize jets. The number of large-cabin jets for sale increased by 25 percent, while light jets were up by 24 percent YOY.

Gains were seen in available inventories across all the major manufacturers except for Embraer. A decline in available Phenom 300s and 100s for sale helped shrink the overall Embraer inventory by 11 percent YOY to 31 units. This represented 2.6 percent of the active fleet.

Bombardier aircraft for sale increased by 18 percent YOY to 59 units, or 3.3 percent of the fleet, while Cessna Citation inventory was up 25 percent to 111 units, or 3.4 percent of the active fleet, with more Mustangs and Sovereigns on the market.

Of the major OEMs, Dassault Falcon saw the largest increase, up 43 percent, but from a smaller base of 20 units for sale. This is 3.8 percent of the active fleet. The number of Gulfstreams for sale increased by 31 percent to 72, or 3.6 percent of the fleet.

Amstat data shows that the Savannah, Georgia manufacturer has now produced 53 G700s while the ultra-long-range aircraft awaits certification, including an anticipated 46 bound for customers.

As for list prices, Dassault models were up 3 percent YOY while they fell for Citations, down 2 percent; Bombardiers, -3 percent, Embraers, -10 percent; and Gulfstreams, -9 percent.