market UPDATE
The Sovereign Market continues to tighten with the inventory levels down 37% from a year ago. However, pricing has softened slightly with the average asking price decreasing 16% over the past 12 months. Sovereign's continue to trade actively in the pre-owned market. Aircraft are taking slightly longer to sell, with days on market increasing 2% this time last year. Over the past 12 months, there have been 55 retail sa- sales indicating consistent transaction activity across the fleet. Based on the current supply and demand trends, the three-year-old old OEM backlog for new aircraft continues to support the pre-owned sovereign market. In summary, this market remains strong with supply and demand balanced and in alignment.
Or Contact Chris DoERR Directly at