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Challenger Market Report Q2 2017



Your aircraft is likely one of the biggest assets you have as an organization and it’s critical that you know what your aircraft market looks like compared to other business aircraft. At Elliott Jets, we provide quarterly Challenger market reports. We have a proven track record of selling jets faster than industry average, so contact us today to list your aircraft for sale!

The team at Elliott Jets combines a highly experienced, process-driven aircraft sales team with 350 of the industry’s most experienced technical aircraft experts at Elliott Aviation. Listing an aircraft with Elliott Jets ensures you have the power of the entire organization under one roof working on your behalf. We employ experts in all technical competencies including maintenance, avionics, paint, interior, accessories, parts and flight services. From contract and pricing negotiations to all aspects of managing the pre-buy, our team works in your best interest to keep your aircraft moving throughout the entire sale.

2nd Quarter 2017 Market Summary

Current State of the Challenger 300 Market

The Challenger 300 quarterly retail sales numbers have been fairly even over the last five quarters, with the majority of transactions for 2010 and older model years. We also saw fewer transactions in 2016 versus the previous year, but the sales activity for the Challenger 300 overall is still good. The first quarter of this year had 10 transactions, which is higher than one year ago. Prices are dropping and inventory numbers are increasing. The demand rating for the Challenger 300 is a B.

Market Snapshot for the Challenger 300
  • # On Market: 39
  • Fleet Size: 453
  • % On Market: 8.6%
  • Average Asking Price: $9.35MM
  • Avg. Days on Market(Sold): 293
  • Avg. TT of Aircraft Currently For Sale: 3,330
  • Transactions in 2016: 31
  • Transactions in Q1 2017: 10


Current State of the Challenger 604 Market

The inventory levels for the Challenger 604 are higher than most other popular large cabin jet models at 11.3% of the aircraft production and half of the available aircraft are based overseas. Over the last four quarters, retail sales activity has been steady but not spectacular. The first quarter of this year has had the most transactions in the last five quarters. This lack of strong sales activity is pushing the values down in the Challenger 604 market. The demand rating for the Challenger 604 is a C-.

Market Snapshot for the Challenger 604
  • # On Market: 41
  • Fleet Size: 363
  • % On Market: 11.3%
  • Average Asking Price: $5.3MM
  • Avg. Days on Market(Sold): 282
  • Avg. TT of Aircraft Currently For Sale: 5,928
  • Transactions in 2016: 26
  • Transactions in Q1 2017: 8


Current State of the Challenger 605 Market

The Challenger 605 retail transactions have been fairly consistent over the last four quarters. The amount of aircraft available for sale did decrease over the first quarter of 2017 and half of the Challenger 605 aircraft for sale are based internationally. The overall sales activity has been good. The Challenger 605 values are dropping at similar levels to other later model large cabin aircraft. The demand rating for the Challenger 605 is a B.

Market Snapshot for the Challenger 605
  • # On Market: 22
  • Fleet Size: 287
  • % On Market: 7.6%
  • Average Asking Price: $12.68MM
  • Avg. Days on Market(Sold): 234
  • Avg. TT of Aircraft Currently For Sale: 2,496
  • Transactions in 2016: 19
  • Transactions in Q1 2017: 6