January 3, 2024

The 2024 Q3 Private Jet Market Report Is In, and the Global Industry News Is Good

Set Your Sights on Used Private Jets for Sale Now at AircraftExchange

Each fiscal quarter, the International Aircraft Dealers Association (IADA) releases its market report to articulate key trends related to private aircraft sales. Quarter to quarter, these insights align closely with this market’s overall sentiment, given that IADA dealers and brokers account for 60% of all pre-owned jet planes for sale.

The report surveys IADA members who serve the used private jet industry in various capacities, such as dealers and brokers, and summarizes their responses. Respondents weigh in on key aspects of the private aviation market, including:

● Overall market conditions.

● Six-month market outlook.

● Sales, demand, and pricing projections.

In addition, IADA provides monthly activity reports in comparison to prior quarters, an executive summary, select insights from IADA members, and more.

For those in the market for a large private jet for sale, mid-size jet, small jet, or any of the aircraft available at AircraftExchange.com, the aviation market report provides crucial information and encouraging news.

What the Q3 IADA Market Report Says About the Private Jet Industry

Below, we’ve provided key insights from the Q3 IADA Market Report, so you can take the temperature of the private jet market yourself.

Here are five takeaways that will help keep you informed about current and future conditions of the aviation market:

1. Exclusive retainer numbers: The number of retainers for exclusive sales has steadily grown when looking at the past four fiscal quarters. This means that businesses continue to recognize the value of investing in private business travel. They understand the power of working with an IADA Accredited Dealer. Businesses that are considering an acquisition should know that this growing awareness of the value of IADA signals that this partnership is considered an advantage in the marketplace and rewards those who take action now.

2. Back to great heights: Although Q1 of 2023 represented a significant dip in sales, economic uncertainty plagued businesses that had yet to see evidence that markets would rebound as the year progressed. However, by Q3 of this year, closed deals (309) come extremely close to matching Q3 of 2022 (331). This mirrors the confidence that many businesses are feeling in 2024, driving businesses, including your competitors, to reap the benefits of a used private jet for sale.

3. Demand is high: IADA Accredited Dealer David Monacell states that in Q4 of 2024, demand will be high enough that many businesses may risk a crowded marketplace. However, 2024 inventory levels will be more robust, providing prime opportunities for buyers.

4. Election year stability: Accredited Dealer Mark Prall took the opportunity in this Q3 report to cite the market stability that election years provide for the sale of jet planes, which, according to Corporate Jet Investor, has historically demonstrated far less volatility than other markets. Stability provides a more balanced approach to jet transactions that favors both buyers and sellers.

5. Conclusions: The IADA Market Report “Concluding Thoughts” section expresses a positive outlook for buyers. Businesses that have been “sitting on the sidelines” should be motivated to act because of expanded future inventory, slowing inflation, and the resolution of supply chain challenges.

For the full Q3 report from IADA, simply visit AircraftExchange.com, and click the pop-up window for a downloadable PDF of comprehensive market insights. You can even subscribe to receive inventory updates, future IADA reports, and more.

After you’ve gotten your fill of news, search AircraftExchange.com’s exclusive list of aircraft to begin your search for the right jet.

Connect with an IADA Accredited Dealer for Your Used Private Jet

At AircraftExchange.com, you can search for large private jets for sale, mid-size jets, and small jets, depending on your needs in terms of range and cabin size. You can also search by popular manufacturers and models to see what’s available now.

No matter what type of business aircraft you’re looking for, you get the reassurance that your dealer is IADA Accredited. This means that these dealers are committed to a strict code of ethics that ensures fair, trustworthy transactions of jet planes for sale.

To begin your relationship with an IADA Accredited dealer, go to AircraftExchange.com and click “Dealers” in the top menu bar. We look forward to serving you, as you take your business to the skies.