This market remains relatively tight. Inventory levels down 7% from a year ago. However, pricing has softened recently, with the average asking price decreasing 26% over the past 12 months, as the market continues to adjust to current supply levels. Aircraft are continuing to move steadily through the market, with days on market decreasing 4% compared to this time last year. Over the last 12 months, there have been 10 retail sales indicating consistent transaction activity in this segment. Based on the current supply and demand trends, the 3-year-old OEM backlog for new aircraft continues to support the pre-owned global express market. In summary, this market remains strong with supply and demand in alignment. Overall, I'd categorize this market as a B demand rating.
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