This market continues to tighten with it. Inventory levels down 25% from a year ago. As you would expect, pricing has also strengthened, with the average price increasing 3% over the last 12 months. The Challenger 605 continues to see strong demand in the premium of the market. Aircraft are also moving more quickly with days on market decreasing compared to this time last year. Over the past 12 months, there have been 25 retail sales reflecting consistent transaction activity across the fleet. Based upon current supply and demand trends, the three-year OEM backlog for new aircraft continues to support the pre-owned Challenger 605 market. In summary, this market remains strong. The supply and demand balanced and in alignment.
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