This market continues to be relatively stable with inventory levels up 20% from a year ago. The average asking price has dropped 11% over the past 12 months and 8Xs are selling at a faster pace. The days on the market has also decreased 155% from this time last year. There have been 12 retail sales over the past 12 months. Models that have sold over the last 12 months range from 2016 to 2020 models. Based on recent supply and demand trends, there's currently about 18 months of inventory on the market for sale. In summary, asking prices have dropped on much of the 8X fleet as they approach their first 1C inspection, although many aircraft are on the Falcon Care Airframe Maintenance Program. Aircraft not on Falcon Care are obviously less desirable as these initial major inspections come due, and they can be priced accordingly. Overall, I'd categorize the 8x market as a seller's market when you have a recent 1C check, and a buyer's market for aircraft with the 1C coming due in the next two or less years.
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