market UPDATE
This market has remained consistent with 22 aircraft for sale, which is the same amount as a year ago. Asking prices have decreased slightly, which is a 4% decline from 12 months ago. Challenger 300s are continuing to sell at a consistent pace. The days on market has only increased 1% from this time last year. There have been 43 retail sales over the past 12 months, with 14 of them occurring in December. Two Challenger 300s have transacted since then. The Vintages of those aircraft that have sold since the beginning of December range from 2005 to 2014 models. Based on recent supply and demand trends, there are currently about 6 months of inventory on the market for sale. In summary, this market is normalized. OEM backlog for new challenges is helping to prop up the pre-owned challenger market. Supply and demand are balanced and in alignment.
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