Of the 152 aircraft in operation, there's only one for sale, which represents 0.7% of the total fleet, indicating a very tight seller's market. Inventory levels have dropped by 67% from a year ago, and the pre-owned ask prices have recovered from the mid-summer slump up to the same level from a year ago at 26 million. Days on market has crept up about 19% to an average of 118 days. And over the past 12 months, there have been 33 retail sales, 21 of which were new from the factory. This is an average of about three per month. The absorption rate also is indicative of a very strong market of one month to clear out the current inventory. So, in summary, the OEM backlog is propping up the pre-owned Longitudes with limited availability. Prices will remain quite firm. So, overall, this is definitely a seller's market, and the market demand rating is a definite A.
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