Available business jet inventories continue to shrink with the number of preowned jets for sale falling 43 percent from August 2020 and 7 percent from last month, according to a new report by analyst Jefferies. Significantly, younger aircraft are even less available: the inventory of in-production aircraft and those less than seven years out of production fell 51 percent, “which equated to 3.0 percent of the fleet for sale,” Jefferies said.

In all, 1,008 business jets have been available for sale this month, Jefferies said, citing Amstat data. This compares with 1,089 available in July and 1,767 in August 2020. Including all vintages and models, the number of jets for sale dipped to 4.1 percent of the active fleet this month, down from the 5.8 percent one-year average.

Heavy jet inventories are down 36 percent year-over-year while light/medium availability has declined 45 percent.

Cessna Citation available inventories saw one of the biggest drops, down 61 percent year-over-year to a total of 93 units, representing 2.4 percent of the active fleet. There were no available preowned Longitudes or Latitudes and the number of available CJ3s was down by 27.

The available inventory of Embraer jets dropped 59 percent year-over-year to 35 units, while Dassault inventory levels were down 43 percent to 32 units. While 95 preowned Gulfstreams were for sale in August 2020, that number has fallen 39 percent to 58 units this month.

Bombardier inventory also fell 39 percent year-over-year to 78 units. Of the 103 Global 7500s in the active fleet, one was for sale.

Despite the shrinking inventories, average list prices are still down by 2 percent from August 2020, likely reflecting the availability of older aircraft. Bombardier's pricing is up 3 percent year-over-year as Globals strengthened. Gulfstream prices are up 2 percent overall with the G450 prices up 42 percent. List prices of Cessna, Dassault, and Embraer jets also fell, by 4, 5, and 8 percent, respectively.