Global Pre-Owned Market Update – Q2 2025

Commenting on these trends, Andrew Young, General Manager at AMSTAT, noted two defining themes in the preowned market during Q2. First, although transaction activity moderated, the strength of Q1 ensured that the first half of 2025 outpaced 2024. Second, the Super-Mid Jet market continues to lead the pack, demonstrating the highest year-over-year growth in transactions, the most significant year-to-date decline in inventory, and the only positive movement in median values among all segments analyzed.

AMSTAT has released its mid-year update on the preowned business aircraft market, drawing on data from its Premier+ and Aircraft Valuation Tool platforms. The report highlights a dynamic first half of 2025, marked by strong early-year activity, modest inventory growth, and evolving trends in aircraft values across segments.

The first quarter of 2025 delivered a significant boost to the market, with preowned business aircraft transactions finishing 26% above Q1 2024 levels. While the second quarter saw a slowdown, recording a 4% decline in transactions compared to Q2 2024, overall activity remained consistent with the five-year average for the period. Thanks to the strong performance at the start of the year, the first six months of 2025 collectively recorded a 13% increase in transaction volume over the same period in 2024. Inventory has also grown, rising 6% year-over-year, with 7% of the active fleet currently listed for sale — a figure that remains slightly below the 10-year average of 8%.

In the Heavy Jet segment, market dynamics have been volatile. After a 4% decline in median values during Q1, prices continued to fall at the beginning of Q2, before recovering by 4%, leaving year-to-date values down 4% and unchanged from a year ago. Q2 transactions in this segment were 10% lower than the same period in 2024, but the strength of Q1 meant that transaction activity through the first half of 2025 was still up 14% year-over-year. Notably, availability in this segment declined by 2% compared to last year—the only reported market to do so—although it has risen 4% since the beginning of 2025. With 7% of the fleet currently for sale, the Heavy Jet market remains below the historical norm, supported by steady demand and signs of value stabilization.

The Super-Mid Jet segment continues to stand out as the top performer. Median values in this category have climbed 11% over the past 12 months and 6% yearto-date, making it the only segment to post increases on both metrics. Q2 2025 transaction activity was 6% higher than the previous year, and when combined with a strong Q1, resulted in a 30% increase in transactions for the first half of the year. Inventory has increased 5% over the past year but declined 5% year-to-date— the only market segment to see a decrease. Currently, 7% of the Super-Mid fleet is available for resale, in line with the segment’s 10-year average. With high demand and relatively controlled supply growth, this market segment continues to support rising valuations.

In the Medium Jet market, median values have declined 3% year-over-year and 4% year-to-date. After remaining stable between September 2024 and April 2025, values fell 5% between April and June. Q2 2025 saw transaction levels slip 3% compared to the same quarter in 2024 and fall 8% below the five-year Q2 average. Nonetheless, a strong Q1 performance pushed year-to-date transactions up 12% over the first half of last year. Inventory has expanded by 6% year-over-year and 4% since January, with 8% of the active fleet currently listed for sale—close to the segment’s historical average. This market is currently marked by steady activity, growing inventory, and modest value erosion.

The Light Jet segment has experienced ongoing declines in median values since mid-2023. Year-overyear and year-to-date, prices are down 6%. Transaction activity in Q2 2025 declined by 5% compared to the previous year. However, the strength of Q1 contributed to an 18% year-over-year increase in transactions for the first half of the year. Inventory rose by 2% compared to Q2 2024, with 8% of the fleet currently on the market—still below the 10-year average of 10%. Despite recent softening in activity, this segment has seen strong transactional performance overall in 2025, with only modest increases in available inventory, although value declines remain a concern.

The Turboprop segment has experienced the sharpest declines in value across all categories. Median values are down 13% year-over-year and 10% year-to-date. Transaction activity in Q2 was 2% lower than Q2 2024, but strong Q1 results contributed to an 8% increase in transactions for the first half of the year. Inventory has expanded significantly, growing 17% year-over-year and 15% since January—the largest gains reported in any segment. With 5% of the turboprop fleet listed for sale, availability remains below the 10-year average of 6%. The first half of 2025 for turboprops has been marked by steady demand, substantial inventory growth, and continued downward pressure on pricing.

Data Source: AMSTAT

Commentary by Andrew Young