Now is the time to buy! We expect a strong Q4 in aircraft sales based on activity to date and an analysis of our top 4 key markets – G450, G550, G650 and Falcon 7X.
The current market: Pre-owned Gulfstream G450 inventory is at a 24-month peak while the market anticipates a rush of Q4 buyers. Demand is elevated in this market, but additional inventory has outpaced sales over the previous 90 days.
Price range: Asking prices range from $11.000M from $20.900M. The current average asking price is $15.740M, down from August’s average asking price of $15.950M, and a 15% decrease from August 2022.
The current market: There are currently 53 aircraft in the pre-owned inventory. This represents the largest number of G550’s available for sale in history. Pricing reached its historic high in Q2 of last year and has slowly declined since. Overall demand is expected to remain strong, with prices likely to remain stable through Q4 2023.
Price range: Asking prices range from $14.00M to $38.00M. The current average asking price is $22.19M, which is slightly down from July 2023’s average asking price of $23.270M, and roughly a 3% decrease from July 2022.
The current market: Pre-owned Gulfstream G650 inventory is among the lowest of any large cabin/ultra long-range aircraft. There have been 6 sales and 9 aircraft added to market in the previous 90 days, highlighting strong activity during the historically slower summer months. This activity has slowed moving through Q3.
Price range: Asking prices range from $37.995M to $66.000M. The current average asking price is $46.000M, which is down from August average asking price of $47.250M, and an 11% decrease from August 2022.
Falcon 7X Market:
The current market: There are currently 19 aircraft in the pre-owned inventory. This market has remained active in Q3. There have been 5 transactions so far this quarter. Inventory has steadily increased since June, which may place downward pressure on pricing. We expect transactional activity for the 7X to stay strong into Q4.
Price range: Asking prices range from $17.90M to $25.50M. The current average asking price is $21.40M, which is slightly down from the average Q3 2023’s average ask price of $21.83M.
If you’re ready to sell, looking to buy, give us a call. We have Managing Directors in each of our territories ready to assist you. Call our main office at 214-351-9595 and we will connect you with your local representative.