Challenger 300, Challenger 604, Challenger 605
A slight rise in inventory hasn’t kept prices down in the Challenger 300 market. For the first in nearly two years, inventory rose in the Challenger 300 market. After reaching historically low levels during Q4, a couple new listings were added, making six available aircraft during Q1 2022. Transactions have cooled off, with just two sales taking place. These sales, however, showed pricing has taken yet another jump. Values are up over 50% since things bottomed out during the pandemic, and have exceeded anything we’ve seen in recent years. Even with a few more options in this market, now is still a great time to sell your Challenger 300.
Challenger 604 inventory continues to decline and prices have risen accordingly. There are now just seven 604’s for sale, 25% of what was available a year ago. Activity slowed when compared to Q4 2021, but the five Q1 sales beat 2021’s pace YTD. As with many other markets, pricing has surged to levels not seen in recent years. Values now represent over a 60% jump since Q4 2020. With inventory decreasing and strong pricing, now is a great time to sell your Challenger 604.
Depleted inventory has slowed transactions in the 605 market, but pricing continues to surge as we head into the second quarter of 2022. After averaging 7 sales per quarter for the past two years, only one sale took place during Q1 2022. This can mainly be attributed to the lack of inventory, as only two listings remain in this market. If we look back a year ago, there were 23 aircraft for sale. The lack of quality options has boosted prices to levels not seen in recent years, and up roughly 50% since Q4 of 2020. With limited options and elevated prices, now would be a great time to sell your Challenger 605.
