Lear 45XR, Lear 60XR, Lear 75
The Lear 45XR inventory grew significantly in the fourth quarter of 2019. However, an active December contributed to more sales than any other quarter in the past two years. There were a whopping eight transactions during Q4 2019, four times the transactions during the slow Q3 2019. Even with this recent activity, inventory has reached levels not seen in some time, with 19 Lear 45XR’s now on the market. Currently, 7.8% of the active fleet is for sale. This increase in inventory caused a price drop in the fourth quarter, the first since Q2 2018. With inventory rising and prices softening, this market is providing excellent opportunities for buyers.
Inventory in the 60XR market grew once again in the fourth quarter, now at the highest level we’ve seen in over two years. Currently, 19 aircraft are for sale, an increase of nearly 50% from a year ago. 17.3% of the active fleet is now for sale. On the bright side, Q4 2019 resulted in four sales, the most since Q2 2018. Even with an active fourth quarter, total sales on the year fell well short of 2018. Pricing has remained flat since dropping during the third quarter of 2019. With inventory continuing to rise, and relatively low demand, now is still a great time to purchase a 60XR.
After peaking during the third quarter of 2019, Lear 75 inventory has declined as we head into the first quarter of 2020. Lear 75 listings increased slowly from just three listings during Q3 2018, all the way up to nine listings during Q3 2019. Things finally turned around, with Q4 2019 averaging seven listings. Currently, 5.5% of the active fleet is for sale. We had two sales in the fourth quarter, which is the most activity since Q2 2018. Pricing has remained steady for nearly six quarters. With a slight decline in inventory, and activity picking up, this market remains balanced for both buyers and sellers.