market UPDATE
This market continues to tighten. With inventory levels down, 12% from a year ago. As you would expect, pricing has strengthened as well, with the average asking price increasing 6% over the past 12 months. The Challenger 604 continues to see strong consistent- demand in the pre-owned market. Aircraft are taking slightly longer to sell, with days on market increasing 19% compared to this time last year. Over the past 12 months, there have been 41 retail sales indicating steady transaction- activity across the fleet. Based on the current supply and demand trends, the three-year OEM backlog for new aircraft continues to support the pre-owned Challenger 605-4 market. In summary, this- This market remains strong with supply and demand balance and in alignment. Overall, I'd categorize the Challenger 604 market as B-demand rating.
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