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Challenger Market Report – Q2 2018

Challenger 300, Challenger 604, Challenger 605

Challenger 300 Market

Current Market State for the Challenger 300

“With the high level of demand for the Challenger 300, and inventory steadily decreasing, this is certainly a positive trend for a seller.”

Due to increased demand, the Challenger 300 inventory has steadily decreased over the past year, while the number of transactions remains steady. There are currently 25 Challenger 300’s on the market, down from 39 in Q1 of 2017. Currently, 6% of the active fleet is on the market. There were 11 transactions Q1 of 2018, compared to 10 in Q1 2017.

Pricing remains steady in this active market as it has for the past year. With the high level of demand for the Challenger 300, and inventory steadily decreasing, this is certainly a positive trend for a seller.

Challenger 300 Market Snapshot

  • 25
  • 454
  • 5.5%
  • $4,490,000 - $10,290,000
  • $7,932,609
  • 284
  • 3,616
  • 11

Challenger 604 Market

Current Market State for the Challenger 604

“This makes the Challenger 604 more attractive to price conscious buyers, which should keep demand high as we go further into 2018.”

Just like the Challenger 300, the Challenger 604 market continues to trend in a positive direction. Transactions are the main focus. There were 17 transactions in Q1 of 2018, while only 32 aircraft are on the market. This is compared to 10 transactions in Q1 of 2017, while there were 41 aircraft on the market during that time frame. Currently, 9% of the active fleet is for sale. This market has been steadily decreasing in inventory for the past 8 quarters, while transactions are steadily increasing. Pricing is decreasing, but at a steady rate. This makes the Challenger 604 more attractive to price conscious buyers, which should keep demand high as we go further into 2018.

Challenger 604 Market Snapshot

  • 32
  • 361
  • 8.8%
  • $2,750,000 - $6,995,000
  • $5,039,476
  • 244
  • 6,031
  • 17

Challenger 605 Market

Current Market State for the Challenger 605

“The fact that inventory has been cut in half, with transactions still between five to ten per quarter, tells us this aircraft is in demand.”

Challenger 605 transactions are slightly up compared to Q1 2017, with inventory down nearly
40%. There are currently 14 Challenger 605’s on the market, compared to 23 on the market Q1 of 2017. Currently 5% of the active fleet is for sale. There were 7 transactions in Q1 2018, compared to 6 last year at this time. Inventory has been falling steadily since the middle of 2016, where inventory topped out at 31 aircraft for sale. Pricing is steadily decreasing, and just like with the Challenger 604, more price conscious buyers are being attracted to this market. The fact that inventory has been cut in half, with transactions still between five to ten per quarter, tells us this aircraft is in demand.

Challenger 605 Market Snapshot

  • 14
  • 286
  • 4.9%
  • $8,500,000 - $14,250,000
  • $11,990,000
  • 110
  • 2,627
  • 7