Over the past 12 months, inventory in the Global XRS market has declined 38%, while pricing has continued to strengthen, up 4% year-on year-over-year. These trends reflect continued buyer demand for a platform that remains highly regarded throughout the long-range aircraft segment. The Global XRS continues to attract operators because of its combination of range, cabin comfort, and operational capability. The reduction in available inventory, combined with continued pricing strength, suggests continued confidence in the platform. and its long-term value proposition. Based on current supply and demand trends, there are approximately 4.4 months of inventory available in the Global XRS market. Inventory levels have continued to decline over the past year, reflecting ongoing absorption of available aircraft. While buyers continue to evaluate aircraft carefully, improving market velocity and tightening inventory levels support a healthy resale environment. As a result, aircraft that are properly positioned continue to attract meaningful buyer attention. The Global XRS continues to benefit from strong buyer recognition, healthy transaction activity, and a reputation as one of the most capable aircraft in the long-range market. Inventory levels have declined while transaction velocity has improved, supporting a healthy resale environment and continued buyer engagement throughout the segment.
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This market has seen a modest increase in available aircraft with inventory levels up from 9% a year ago. As supply has increased slightly, the average asking price has decreased about 3% over the past 12 months, reflecting minor adjustments in the pre-owned market. Aircraft are selling more quickly with days on market decreasing 46% compared to this time last year. Over the past 12 months, there have been 19 retail sales, indicating solid traction activity in this segment. Based on current supply and demand trends, the three-year OEM backlog for new aircraft continues to support the pre-owned global XRS market. In summary, this market remains strong with supply and demand balance in alignment. Overall, I'd categorize the global XRS market as a seller's market and give it a B-demand rating.
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