Over the past 12 months, inventory in the Challenger 604 market has declined 21%, while pricing has increased 2% compared to one year ago. These trends suggest continued buyer demand for a platform that remains well-established throughout the business aviation market. The reduction in available inventory indicates that demand continues to absorb aircraft entering the market. Days on market have increased compared to a year ago, suggesting buyers are taking additional time to evaluate aircraft on before making purchasing decisions. Even so, transaction activity remains strong throughout the segment. Over the past 12 months, the market recorded 48 retail sales, with 18 transactions completed so far in 2026. Recent sales have included aircraft ranging from 1996 through 2007 model years, demonstrating engagement across the platform's full production run. Based on current supply and demand trends, there are approximately 5.8 months of inventory currently available, reflecting a healthy and active resale environment. With inventory levels significantly lower than a year ago, and transaction activity remaining strong, well-positioned aircraft continue to attract meaningful buyer attention. As a result, sellers with properly maintained and accurately-priced aircraft remain well-positioned in today's market. The Challenger 604 continues to benefit from a well-established operator base, strong transaction activity, and re, reputation as one of the most capable aircraft in its class. Buyers remain active throughout the market.
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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.
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