The number of used business jets for sale declines.

The recession is over for the rich, powerful and priveleged.

The number of used business jets on the market fell in August, the second decline in three months after 18 consecutive monthly increases, a recently released report says.

Although it's come down slightly from record highs, the number of business jets on the market is still 36 percent higher than it was a year ago, according to UBS analyst David Strauss in a report.

Seventeen percent of the business jet fleet is up for sale. The average asking price for newer models is down 30 percent from peak levels. Pricing fell another 2 to 3 percent in August, the report said.

The asking price for a Citation Excel was roughly unchanged last month but is down 38 percent from its peak, it said.

The price of a Hawker Beechcraft Hawker 800XP declined about 3 percent last month and is now 37 percent down from its peak.

The average asking price of a Cessna Citation X declined about 3 percent in August and is down 47 percent from its recent peak, the report said.

The used business jet market is a leading indicator of new business jet sales.