Preowned Gulfstream Bizjet Sales Climb 20% in 2024

G550 was the top seller in the used Gulfstream marketplace among the 10 models tracked.

According to Hagerty Jet Group, preowned Gulfstream transactions soared 20% last year for the 10 models it tracks: the G150, G200, G280, GIV-SP, G450, G500, GV, G550, G600, and G650/650ER. It said the “final transaction numbers for 2024 were a lot stronger than we anticipated,” finishing the year with 261 Gulfstreams changing hands versus 217 in 2023. Hagerty Jet’s data showed that most models saw pricing fall, returning to at or near-pre-pandemic levels.

The top seller last year from this group was the G550, production of which ended in July 2021, with 64 sales, up from 50 in 2023 and 37 in 2022. Inventory of these ultra-long-range jets was consistent throughout the year at 35 to 40 aircraft, representing 6% of the fleet, Hagerty Jet said.

Meanwhile, the G600 maintained the lowest inventory of the Gulfstream models the company actively monitors, with only 2.5% of the fleet for sale. “We had anticipated more preowned G600s coming to market when the G700s started delivering, but so far we haven’t seen a flood of any models impacted” by shipments of Gulfstream’s flagship G700.

Not far behind is the G650/650ER, with only 4% of the fleet for sale and transactions in the fourth quarter being “the highest in the history of this model.” Hagerty said supply of this model “remained more stable than expected” and is “proving to be very popular.”

Notably, the G450 saw a market resurgence last year, according to Hagerty. A one-year G450 supply buildup ended in mid-2024 and by year-end inventory had dropped in half and transactions nearly doubled to 37, it said.

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