market UPDATE
This market continues to be active with inventory levels up 36% from a year ago. The average asking price has dropped 3% over the past 12 months and 7Xs are selling at a slightly slower pace. The days on the market has also gone up 12% from this time last year. There have been 23 retail sales over the past 12 months. Based on recent supply and demand trends, there's currently about 11 months of inventory on the market for sale. In summary, asking prices have dropped slightly as much of the 7X fleet approaches their first 2C and 4C inspections, although many aircraft are on FalconCare Airframe Maintenance Program. Aircraft not on FalconCare are obviously less desirable as these major inspections come due and can be priced accordingly. Overall, I'd categorize the 7X market as a seller's market with a recent 2 or 4C check and a buyer's market for all aircraft with the 2 or 4C coming due in the next two years. I still give the 7X market a balanced B-Demand rating.
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