Lear 45XR, Lear 60XR, Lear 75
It looks as if the Lear 45XR market has finally run out of steam after a strong start to 2019. Activity slowed in the third quarter, with only two transactions taking place. Compare that to the 12 sales during the first half of 2019. Inventory has also grown; now 13 listings compared to the 10 that were on market last quarter. Currently, 6% of the active fleet is for sale. Pricing has yet to drop, with values holding steady for six consecutive quarters now. With demand slowing and inventory rising, now may be the best time in the past two years to purchase a Lear 45XR.
The growing inventory trend has continued for the 60XR market as we head into the fourth quarter of 2019. Currently, there are 17 60XR’s for sale. Looking back a year ago, just 12 aircraft were for sale. Inventory has steadily increased over the past year and now 15% of the active fleet is currently for sale. Demand slowed in the third quarter as well. Just one transaction took place, similar to Q1 of 2019. The first three quarters of 2019 have only produced four sales, well behind last year’s pace of 10 transactions by this time. Pricing has fallen as a result of these market conditions, posting the biggest drop in values seen in the past couple of years. With slow demand, numerous options and attractive pricing now is a great time to get a deal on a 60XR.
The third quarter of 2019 brought an additional Lear 75 sale, while inventory continues to climb to levels common to an established pre-owned market. Currently, there are nine Lear 75 aircraft for sale, representing 7% of the active fleet. This is up substantially from just three listings during Q3 2018. Even with this elevated inventory, activity is trailing 2018’s pace of four sales by this time. Pricing has held steady now for five consecutive quarters. With the highest inventory levels we’ve seen, the selection couldn’t be better if you’re considering a Lear 75.