Challenger 300, Challenger 604, Challenger 605
Challenger 300 inventory has grown 35% since the first of the year, compared to the broader super midsize category, which is up eight percent over the same time frame. The lowest inventory in the past 15 months was seen during February of 2019, where just 17 Challenger 300’s were for sale. There are now 31 aircraft for sale, which represent 6.8% of the active fleet. Nearly 30% of current listings were brought to market in the past 60 days. Model years 2007 and 2008 make up 35% of pre-owned listings, yet are only 24% of the active fleet. Super midsize jet market activity slowed to just four sales in April, down from 11 a year ago.
Challenger 604 inventory has climbed 44% since the first of the year, compared to the collective large jet category, which grew eight percent over the same time frame. Inventory bottomed out in January, with only 18 Challenger 604’s for sale. There are now 26 aircraft for sale, representing 7.3% of the active fleet. Over 30% of the pre-owned listings were brought to market in the past 60 days. Model years 1999 and 2000 are in abundance, making up a combined 38% of the current offerings. Large jet market activity slowed to just 19 sales in April, down from 41 a year ago.
Challenger 605 inventory has seen an increase of 133% in the past 15 months, compared to the entire large jet market which increased 25% over that same time period. There are currently 28 Challenger 605’s listed for sale, up from just 12 listings back in February of 2019. Just under 10% of the active fleet is listed for sale. A large portion (39%) of current inventory has been on the market 61-120 days. Model years 2008 and 2009 make up 36% of the pre-owned listings. April transactions in the large jet category were down 54% compared to a year ago.
