The Quarter 2 IADA Market Report Is In. Here’s the Latest Insights On Private Jets For Sale

This quarter’s report begins with encouraging words from Starling: “I am pleased to report IADA Members’ optimism about the next six months.” These introductory remarks are contextualized by continued inflation, an election year, and two global conflicts, yet Starling sees market stability in Q3 and Q4 of 2024.

Whether you’re in the market for a large private jet for sale, a mid-size jet or a small jet, the IADA Quarterly Report is an up-to-date, authoritative resource for the business aircraft industry.

Keep reading for key highlights from this quarter’s report on used private jets for sale.

What IADA Members Are Saying About Buying a Jet Plane For Sale Now

Each quarter, IADA surveys more than 1,000 IADA members who have a boots-on-the-ground outlook regarding the private aircraft market. Interviews with these members provide essential information for sellers and dealers who want to understand market conditions as they engage new clients.

However, this data may be most critical for those who want to get the timing right for their private jet acquisition. Like most other large assets, investments are most valuable based on marketing timing.

Here’s what leading IADA members have to say about the market healing into Q3 and Q4:

● The market is beginning to normalize, which is favorable for both buyers and sellers, after the strong uptick and expected downturn after the pandemic.

● Transaction volume and inventory are both looking healthy.

● The remainder of 2024 will be strong in terms of buying and selling activity.

AircraftExchange.com often reports in our series of market-focused articles that the jet market is continuing to grow into the next decade. Business leaders understand the access and opportunity that small jets, mid-size jets, and large private jets for sale deliver for their companies.

IADA members’ view of a more stable and strong market ahead means that many businesses will try to outdo their competitors by investing in the global reach that a private jet provides. They will experience the many benefits of access to private travel before others have a chance to act.

The Numbers Behind the Interviews With IADA’s Jet Industry Leaders

Alongside the observations made by IADA members, the following statistics illustrate the favorable market outlook for buyers and sellers.

● IADA members have seen a 44% year-over-year increase in retainers to sell exclusively, when comparing Q2 of 2023 to Q2 of 2024. Buyers are prepared to purchase from IADA dealers, which not only speaks to the growth in market activity, but to IADA’s value as a premier destination for purchasing a used private jet for sale.

● IADA dealers have closed 20% more deals than Q2 of 2023, and 29% more jets are currently under contract than the prior year.

As one IADA member stated in the Q2 2024 report, there are high-quality jets available now with a “great pedigree, well-equipped, and low-time (time in flight).” Although it is important to note that they are moving quickly. Those seeking a jet plane for sale will likely consider capitalizing on healthy market activity to find the jet that most effectively meets their needs.

Concluding Thoughts On Private Jets For Sale For the Remainder Of 2024

AircraftExchange.com is excited to report on a stable market, defying the challenges that many other industries experience during circumstances that may be economically disruptive.

Buyers seeking a business aircraft, including a small jet, mid-size jet, or large private jet for sale, should take these thoughts to heart from the final page of IADA’s Q2 report: “In this dynamic marketplace, IADA brokers and dealers are expert at raising the bar with trusted counsel in support of buyers and sellers … [T]hey differentiate themselves through the art, science, and passion of their profession.”

Aircraft Exchange.com helps buyers to find the ideal aircraft and meet IADA Accredited Dealers, who are committed to trustworthy and ethical transactions. Their support, plus market optimism, suggests good conditions for jet acquisition.

Search for a jet plane for sale, download the full IADA Market Report, and get more insights at AircraftExchange.com.