Challenger 300, Challenger 604, Challenger 605
Challenger 300 inventory continues to increase, along with activity. There are now 15 listings in this market, up from 12 last quarter. Inventory has now rebounded to Q2 2021 levels. The additional options have engaged more buyers, with nine sales taking place during Q3. Even with this bump in
transactions, YTD sales are well behind last year. There have only been a total of 15 sales in 2022, compared to 34 a year ago. Pricing climbed once again, with values now up over 70% from pandemic lows. With strong prices and a few more options to choose from, this market is balanced for both buyers and seller.
Challenger 604 supply is increasing, and activity remains strong as we head into the fourth quarter of 2022. Inventory has reached 16 listings, up from just nine last quarter. After bottoming out Q1 of 2022, levels are now even with a year ago. Another busy quarter in this market, with Q3 matching Q2 with 10 sales. There have now been 25 sales YTD, surpassing 2021’s pace of 24. Pricing has risen for the fourth consecutive quarter, with values up over 70% in the past year. It is still a great time to sell your 604, but there are a few more options to choose from.
Challenger 605 inventory has increased, but still remains low. There are now seven aircraft for sale, up from four listings last quarter. Supply is still limited, considering a year ago there were 14 listed for sale. The lack of quality aircraft is still keeping transactions in check, with just three sales during Q3. There have only been eight sales on the year, well behind 2021’s pace of 19 transactions YTD. Pricing continues to increase, with values now up nearly 50% in just one year. With inventory levels low and prices sky high, it is still a great time to sell your Challenger 605.
