Challenger 300, Challenger 604, Challenger 605
The Challenger 300 continues to see a reduction in the number of aircraft for sale. In 2017 there was a 40% reduction over the four quarters. Transactions last quarter were lower than previous quarters with a total of nine. Currently there are 25 aircraft for sale which is 6% of the fleet. There is very good activity in the Challenger 300 market. Prices are still declining but at a lower rate than the beginning of 2017.
The Challenger 604 had a very good finish for retail sales activity in the fourth quarter with 14 transactions. This market has been fairly steady in 2017 with inventory levels and transactions. Currently there are 33 aircraft for sale which is 9.1% of the aircraft production. The Average Days on Market is high at 356 days. Prices are continuing to fall in this market.
The Challenger 605 finished up 2017 with a strong finish with nine retail transactions during the fourth
quarter. Currently there are 18 aircraft for sale which is a respectable 6% of the aircraft production. Used aircraft inventory levels have remained flat over the last few quarters with 18 Challenger 605 aircraft available for sale. Aircraft values are declining in this market.