Available inventory of preowned business jets this month inched upward from June but is still down by 39 percent from a year ago, to 660 aircraft. Availability is up 5 percent from the 628 preowned business jets for sale in June, but dramatically down from the 1,089 business jets that were on the market in July 2021, according to market analyst Jefferies.

Citing Amstat data, Jefferies noted the currently available market represents 2.6 percent of the total fleet. Looking at younger jets—those less than seven years—inventories dropped 37 percent year-over-year, while prices jumped by 23 percent.

Midsize jets have led the decline in available inventory, down 43 percent, followed by heavy jets at 40 percent, and light jets at 37 percent.

The number of Bombardier preowned jets for sale has dropped by 47 percent year-over-year to 46, with available Globals down 64 percent, Learjets by 33 percent, and Challengers by 26 percent. No Global 7500s are currently on the market.

Gulfstream inventories, meanwhile, shrunk 43 percent to 35 units, representing just 1.8 percent of the overall fleet produced by the Savannah, Georgia airframer, with declines in G550s, G280s, and G450s available for sale. The company has produced 12 of what will be its new flagship, the G700, which Jefferies said implies six are customer aircraft with the six test articles in inventory.

Closely following the trends are Dassault inventories, which are down 41 percent with only 10 available aircraft. The number of preowned Embraer aircraft for sale has declined 28 percent to 26 units, and Cessna Citations are down 26 percent to 75 available.