The overall number of preowned business jets for sale last month fell by 53 percent from a year ago and 8 percent from October, according to data from Jefferies Equity Research and Amstat. For-sale business jet inventory sat at 795 aircraft, which equates to 3.2 percent of the active fleet. Inventory of newer-model business jets—meaning in-production or less than seven years out-of-production—fell 62 percent year-over-year (YOY), equating to 2.2 percent of the fleet for sale.

Jefferies said the decline has been broad-based across market segments, with the largest inventory draw-down occurring in midsize jets, which fell 57 percent YOY, to 2.8 percent of the active fleet. Large-cabin jet inventory dropped 48 percent from a year ago, to 3 percent of the active fleet, while light jets were down 51 percent, to 3.8 percent of the in-service fleet.

Inventory as a percentage of the active fleets last month by OEM was Bombardier, 2.4 percent; Textron Aviation (Cessna Citation), 1.9 percent; Dassault Falcon, 2.7 percent; Embraer Executive Jets, 2.1 percent, and Gulfstream, 2.5 percent. List prices rose for most manufacturers, with Gulfstream leading the way, up 27 percent YOY. This was followed by Bombardier, with pricing up 10 percent from a year ago; Embraer, up 8 percent; and Textron Aviation, up 4 percent. Dassault Falcon pricing contracted 3 percent YOY, Jefferies said.