market UPDATE
The Sovereign+ market has seen a shift in inventory levels, with inventory increasing 100% from a year ago. As supply has increased, average asking prices have declined over the past 12 months, reflecting adjustments within the pre-owned Sovereign Plus market. Despite the increase in available aircraft, Sovereign Plus jets are selling efficiently with days on-market decreasing compared to this time last year. Over the past 12 months, there have been 10 retail sales showing- and continued activity within this segment. Based on the current supply and demand trends, the 3-year, 3-year OEM backlog for new aircraft continues to help support the pre-owned Sovereign Plus market. In summary, this- market remains strong with supply and demand balanced in the line.
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