LINCOLN, Neb., Dec. 9, 2024 /PRNewswire/ -- The newest Sandhills Global market reports show that asking prices for used jets are falling lower and pursuing a downward trend. The reports, which cover used jets, piston single aircraft, turboprop aircraft, and Robinson piston helicopters in Sandhills' marketplaces, show that prices for pre-owned jets dropped 2.35% month over month and 6.16% year over year in November, compared to an increase of 1.75% M/M and a decrease of 4.96% YOY in October. "Inventory levels of used jets continue to climb," says Controller Department Manager Brant Washburn. "We're also seeing inventory growth continuing in the used turboprop market. But while asking prices were up slightly in November for turboprops, asking prices of used jets took a more noticeable downward turn."Sandhills' aviation products include Controller, Controller EMEA, Executive Controller, Charter Hub, Aviation Trader, Aircraft Cost Calculator, and AircraftEvaluator. AircraftEvaluator is Sandhills' proprietary asset valuation tool for all types of aircraft, built using the same technology behind FleetEvaluator. Widely used and trusted across equipment, truck, and trailer industries, FleetEvaluator identifies asset values with unparalleled accuracy.The key metric in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets, as well as model-year equipment actively in use.Additional Market Report TakeawaysThis report includes detailed analyses of asking values and inventory trends in used aircraft markets, along with charts that help readers visualize the data. It describes and quantifies important trends in the buying and selling of used jet, ...Full story available on Benzinga.com