Inventory continues to decline, and transactions have picked up in the 45XR market. There are currently just 13 aircraft for sale, down from 17 during the first quarter of 2021. Inventory levels reflect 7% of the active fleet, the lowest since Q3 2019. There were four sales during the 2nd quarter, an increase over the three sales produced during Q2 2021. Pricing has increased slightly due to the lack of quality options. With low inventory, strong demand, and increasing prices, now is the perfect time to sell your 45XR.
60XR inventory has been cut in half in just six months. There are currently just six 60XRs available, down from 12 during Q4 2020. Inventory levels are at historic lows, with nearly 20 60XRs listed for sale during Q4 of 2019. This inventory reduction has put somewhat of a pause on transactions, with just two sales taking place during the 2nd quarter. Pricing, however, has jumped up due to the lack of quality options for the first time in many years. With record low inventory and increasing prices, now is a great time to sell your 60XR.
Bucking the trend of the other Lear markets, Lear 75 inventory actually increased during Q2 2021. However, few of the listings are US-based, which has resulted in a significant price increase in this market. Current inventory levels represent 6% of the active fleet, with the majority of current listings being later model years. Only one transaction took place during Q2 of 2021, but we are seeing prices bounce back after softening towards the end of 2020. Even with inventory increasing this quarter, the lack of domestic options is creating an excellent environment for sellers.
