Over the past 12 months, the Caravan 208 market has become a little tighter, with inventory decreasing by three aircraft compared to a year ago. At the same time, average asking prices have climbed approximately $231,000, demonstrating that values have remained resilient despite a more deliberate buying environment. That buyer discipline becomes even more apparent when we look at market activity. Days on market have increased by 52% compared to last year, indicating buyers are being increasingly selective throughout the acquisition process. Even so, the market continues to generate meaningful transaction volume, with 34 retail sales recorded over the past 12 months. Through the first part of 2026, we've already seen 23 sales across the production range, demonstrating that buyers continue to transact when aircraft are well-maintained, appropriately equipped, and priced in line with today's market. Looking at supply and demand, the market is currently carrying approximately 5.6 months of available inventory. That's a healthy level of supply that continues to support a functional marketplace, while creating a balanced environment where buyers have meaningful selection while quality aircraft continue to demand strong interest. Proper pricing and presentation remain essential, as the best-positioned aircraft are typically the ones attracting the strongest interest and achieving the most efficient sales. In summary, the Caravan 208 continues to benefit from one of the broadest mission profiles in business aviation, supporting steady demand across charter, cargo, utility, and owner-operated missions. While buyers have become more deliberate than in recent years, tightening inventory and resilient pricing demonstrate that well-positioned aircraft continue to retain their value.
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Over the past year, inventory in the Caravan 208 market has gradually increased, with available inventory up six aircraft over last year. This increase reflects a broader market normalization following demand in prior periods. As you would expect in this environment, pricing has adapted modestly, with average values down about 1% over the past 12 months. Despite the increase in inventory, Caravan 208's are continuing to transact at a steady pace. Days on market have lengthened slightly, up about 37% from last year, which aligns with buyers taking a bit more time as they evaluate options. Over the past 12 months, there have been 35 retail sales, with three of them occurring in December. Four additional Caravan 208's have transacted since the beginning of 2026. Recent sales span a wide range of model years from 2000 to 2025, highlighting continued buyer interest across multiple vintages. Based on the recent supply and demand trends, there's currently about eight months of inventory on the market for sale, indicating a balanced market environment. In summary, this remains a strong market. The Caravan 208 benefits from ongoing production, strong OEM support, and exceptional versatility. Supply and demand are balanced in an alignment. Overall, I'd categorize the Caravan 208 market as a seller's market and give it a B-demand rating.
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Over the past year, inventory in the Caravan 208 market has increased modestly, with available inventory up two aircraft year-over-year. Pricing has remained relatively stable over that same period, reflecting a normalization following very strong demand in prior years. Despite the increase in inventory, transaction activity remains steady. Days on market have lengthened moderately, up about 50% year-over-year, which aligns with buyers taking a more measured approach as they evaluate available options. Over the past 12 months, there have been 33 retail sales. Seven aircraft have transacted since the beginning of 2026, spanning 2000 to 2026 models, highlighting continued buyer interest across multiple vintages. Based on the recent supply, and demand trends, the segment is carrying roughly 8.8 months of inventory. This reflects a balanced, but competitive market, where proper positioning continues to play an important role in execution. One thing we continue to see in this segment is that buyers are placing increased emphasis on maintenance visibility and operational history. Given the Caravan's role across charter, cargo, and special mission operations, aircraft with consistent maintenance programs, strong engine positioning, and well-documented logs tend to stand out and transact more efficiently. Buyers are placing greater focus on avionics configuration, particularly when comparing legacy aircraft to later production models. models with integrated flight decks. In summary, the Caravan 208 continues to benefit from strong operational demand and broad mission versatility across multiple segments. While the market has normalized slightly, well-maintained and properly positioned aircraft continue to attract consistent buyer interest.