Lear 45XR inventory continues to climb as we head into the fourth quarter of 2020. There are currently 27 45XR’s for sale, the highest number we’ve seen in over three years. Activity has been stagnant since the first of the year as well. There were only six sales so far in 2020, with two of those occurring in the third quarter. Compare that to 2019 where 14 45XR’s had sold by this time. This increase in inventory and lack of demand has caused pricing to soften. With plenty of options to choose from and attractive pricing, now is a great time to purchase a 45XR.
Inventory has dropped slightly and activity remains consistent in the 60XR market. We are down to 14 listings, the lowest we’ve seen since the beginning of 2019. Even though there haven’t been a lot of transactions, activity remains steady with another two sales added during Q3 2020. There have been five 60XR sales on the year, up from four transactions by this time last year. Four aircraft sold during Q4 2019 so it will be interesting to see if 2020 can produce similar year-end numbers. Pricing dropped in the third quarter after holding steady for the first half of 2020. With inventory low and pricing softening, this market remains balanced for buyers and sellers.
It was a busy third quarter for the Lear 75 market. There were four sales during that time frame, which is the most transactions in any quarter since the end of 2017. After a slow Q2 2020, Q3’s sales brought YTD transactions to five, up from three that sold in 2019 by this time. Inventory bumped up a bit, now at nine listings compared to six to start the year. Pricing continues to soften in this market, with two quarters of consecutive declines after holding steady for all of 2019. With plenty of inventory and attractive pricing, this is a great time to buy a Lear 75.