Over the last 6 months, the Challenger 300 market has cooled slightly with inventory on the rise. As of today, there are 15 aircraft available, which is an increase of 54% since April. Although that increase seems drastic, the Challenger 300 market is only at 3.3% of the total fleet available. This is indicative that it’s still a seller’s market. With buyers active in the marketplace, the Challenger 300 market will likely continue to see strong activity through the remainder of the year. The future of buyers is favorable because the average asking price has had a slight change in course since 6 months ago. It is currently $105,000 lower over that same period. Overall, this is a minimal adjustment, however, this could be a sign of what is to come should more inventory become available and sellers remain competitive.
Omni Aircraft Sales continues to monitor the Challenger 300 market in real-time. Buyers and Sellers of the Challenger 300 should put Omni Aircraft Sales in their corner for their next transaction.