market UPDATE
Over the past 12 months, the CJ-4 market has operated with relatively low inventory levels. So, of the 339 in operation, 14 are on the market, which represents less than 5% of the fleet for sale. Since February of 2025, the aircraft for sale has dropped by 30%, and the average pre-owned asking price is up 8% compared to last year, this time. That increase reflects state demand and the continued impact of OEM backlog, which is supporting residual values in the secondary market. The transaction velocity remains healthy over the past 12 months. All powers remain disciplined, properly positioned aircraft are trading with reasonable exposure periods, reinforcing the strength of this segment. The days on market has crept up by 19% over a year ago to 243 days, but this is not necessarily indicative of the time to sell for properly positioned aircraft with the windshield service bulletin completed. The time to sell will be faster in that case. There have been 45 retail sales over the last 12 months, averaging about 4 per month, which is a clear sign of steady demand. The four-month absorption rate also reflects the healthy state of the CJ-4 market. This market continues to reflect strong overall conditions and the current supply of supply-demand balance leans in favor of sellers. OEM production backlog is helping support pre-owned pricing, keeping downward pressure limited. The demand currently carries a B-plus rating, indicating solid buyer interest with selective execution.
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