Lear 45XR inventory has increased 35% during March and April, compared to the relatively stable inventory of the midsize jet category. Now at 26, current listings are up from just nine a year ago. Nearly 13% of the active fleet is now for sale. Looking at time on market, 35% of the current market was listed in the past 60 days. 2008 and 2009 models are in abundance, making up 38% of the available inventory. Midsize Jet market activity slowed to just eight combined transactions in April, down from 31 a year ago.
After inventory rose during the fourth quarter of 2019, things have stabilized and have actually decreased over the past few months. This is similar to the entire midsize jet market inventory, where a slight decrease has been seen since December of 2019. There are currently 16 60XR’s available, similar to a year ago. Breaking down the current inventory, nearly a third of listings have been on the market over a year, showing a lack of motivation among many sellers in this market. 2007/2008 model years make up over half of the current listings, with a mix of 2008 models having their 12 year inspection complied with. April transactions in the midsize jet category were down 74% compared to a year ago.
Lear 75 inventory has been trending down since the third quarter of 2019. The midsize jet category has seen a five percent decrease over this same time frame. Currently five Lear 75’s are for sale, which is down from nine listings in September 2019. Less than four percent of the active fleet is for sale. Inventory days on market is spread evenly among current listings. Late model (2017/2018) Lear 75’s make up 60% of current inventory, only leaving a couple options towards the lower end of the market. Category transactions slowed to just eight midsize jet sales in April, down from 31 during April of 2019.
