Q1 ended with a decrease in modern jet available inventory for the first time since Q1 of 2024, now at 6.8% of the Active Fleet for sale. However, unlike last year, the number of aircraft for sale or lease at the end of March 2025 did not see an obvious return to the upward trend that had been experienced from January to March of 2024 and for the majority of 2022 and 2023.

This flattening of remaining supply is likely due to the significant increase in demand experienced in Q1 where pre-owned retail transaction volume was up 43% compared to the prior year. This is by far the largest YOY increase for a quarter since Q3 of 2021, when the market experienced a 48% increase compared to the same quarter of 2020.

The graph below indicates the total number of new jets delivered by Bombardier, Dassault, Embraer, Gulfstream, Honda, Pilatus, and Textron relative to previous years, as reported by GAMA. Last year continued to see growth in the segment, up 29 total aircraft to 656 shipments or a 5% YOY increase among those seven aircraft manufacturers. Overall, business jet deliveries remain down 9% compared to the pre-pandemic volume seen in 2019 and down 42% compared to the all-time highs of 2008.