Asking values for preowned piston singles and business jets continued to steadily climb in October along with inventories, according to Sandhills Global aviation industry market reports. “Aircraft sales continue to be strong, but we are also seeing more aircraft coming to market than we did in previous quarters,” said Brant Washburn, department manager of Controller, Sandhills’ aircraft marketplace.

Globally, preowned business jet inventory was up 16.3 percent between September and October and 52.7 percent year-over-year. During that same period, asking values increased 2.4 percent month-over-month and were up 24.1 percent from a year ago.

In the U.S. and Canada, piston single inventory rose 3.6 percent in October and 48 percent from last year. During that same period, asking values were 1.1 percent higher month-over-month and 15.9 percent from October 2021.

However, inventory was lower for turboprops, decreasing 28.1 percent from a year ago, while asking values increased 3.5 percent month-over-month and 33.3 percent from last year.