Jefferies: Used Business Jet Inventory Jumps 20% In March

Inventory of used business jets experienced a 20% increase year-over-year in March 2025, but measures a 1% decline month-over-month, according to a new Jefferies report.

According to Jefferies, the used business aircraft inventory currently sits at 3.4% of the total fleet. The increase in inventory was largely driven by a seven-point increase in mid-size jets, while light and heavy jets remained flat year-over-year. Furthermore, inventories have sequentially declined a total of 9% over the past six months.

The report also breaks down inventory levels by OEM, counting aircraft only under seven years old.

Dassault’s inventory includes 20 aircraft for sale, or 3.8% of the active fleet, and flat compared to a year ago.

Gulfstream’s inventory grew 6% year-over-year to 55 units, thanks in part to the G650’s additional three units. AMSTAT reports 35 G700 aircraft currently in service, an increase of three aircraft month-over-month.

Bombardier saw an increase in inventory of 22% year-over-year to 71 units, representing 3.9% of the fleet for sale. This increase was driven by a 29% growth in Global aircraft and 80% increase in Learjet aircraft inventories—partially offset by a 25% decrease in Challengers available for sale.

Textron Aviation’s Cessna Citation fleet grew its available inventory 33% year-over-year, led by the addition of six Citation XLS+, five CJ4 and five M2 aircraft for sale, representing 3.2% of the active fleet. Additionally, two Latitude and one Longitude aircraft were available.

Embraer also grew its inventory by 33% year-over-year at 36 units, representing 3.6% of the active fleet. Embraer’s inventory growth is due to its Phenom 300 and Legacy 650 fleets available for sale.
Overall, average list prices have fallen 10% year-over-year in March 2025 and down 1% month-over-month, according to Jefferies.