Used Piston Single and Turboprop Aircraft Values Rise Sharply
FEB 10, 2022 - 6:25 am
According to a new report from Sandhills Global, from January 2021 to January 2022, used piston single aircraft asking values rose 20.4% and turboprop aircraft asking values rose 12% year over year. The report noted that low inventory levels continue to drive the value increases across piston single and turboprop aircraft.
The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI), which is outlined in the charts below.
U.S. and Canada Used Piston Single Aircraft
Average asking values for used piston single aircraft grew by $38,000 year over year in January, moving from $187,000 in 2021 to $225,000 in 2022.
Inventory levels for piston single aircraft were down 40% year over year in January. Nearly half of piston single aircraft fall into the 25-year-plus age group. The Sandhills EVI found the 25-year-plus age group displayed the steepest asking value increase among age group categories, gaining 27.9% year over year.
U.S. and Canada Used Turboprop
The Sandhills EVI charted a $170,000 year-over-year increase in average asking values for turboprop aircraft, rising from $1.39 million in January 2021 to $1.56 million in January 2022.
Used turboprop aircraft inventory was down 66% year over year in January. More than two-thirds of the turboprop category consists of the 25-year-plus age group. Similar to aging trends in piston single aircraft, 25-year-plus turboprop aircraft displayed the highest asking value increase among age groups, jumping 20.1% year over year in January.
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