Challenger 300, Challenger 604, Challenger 605
Inventory has doubled in the Challenger 300 market, giving buyers a few more options to choose from in a market that has been depleted for nearly a year. Twelve aircraft are listed now, representing 2.7% of the active fleet. Transactions remain sluggish, with just four sales taking place last quarter. This is quite a change from the 15 sales that took place during Q2 2021. Even with the added pressure, prices still managed to creep up, with values up nearly 70% from bottoming out during 2020. This is still a seller’s market, but a few more options have given buyers something to celebrate.
Inventory rose in the Challenger 604 market for the first time since Q2 of 2020. There are now nine listings, up from seven during Q1, but still well below the 24 listings a year ago. Inventory now represents 2.6% of the active fleet. Last quarter was a busy one, with 10 sales taking place. 2022 sales now total 15 transactions, matching last year’s pace when there was nearly three times the inventory. Pricing continues to climb, with values up roughly $3 million from 2020 lows. With strong pricing and lots of demand, now is still a great time to sell your Challenger 604.
Challenger 605 inventory remains low, with transactions bouncing back after a slow first quarter. Only four listings remain, representing just 1.4% of the active fleet. This is well below the 19 listings a year ago. Four transactions took place during the second quarter, after depleted inventory resulted in just one sale during the first. Pricing continues to climb, with values up nearly 60% since 2020. With low inventory and solid pricing, now is a great time to sell your Challenger 605.