January 10, 2023
Market Reports

Challenger 604 Market Report

Inventory in Abundance!

Based on the Challenger 600 design, the improved Challenger 604  rolled out in 1996 and has been one of the best-selling Challenger models over the past few decades. With a price point below $10M, the Challenger 604 is a great option for anyone looking to leg up to a large cabin aircraft. Over the past 6 months, inventory levels have started a steady climb, increasing by 11 aircraft, or about 73%. Currently, there are 26 of the 350 aircraft in the active fleet available. This is roughly 7.4% of the total fleet, which positions buyers with an abundance of options. Asking prices remain elevated with a current average of $7.87M – a $684,000 increase over the past 6 months. Our internal data points to average asking prices turning the corner with a total of 6 price reductions in the last quarter of 2022. As we enter the first quarter of 2023, we anticipate prices to continue to soften, albeit at a slow and steady rate. The Challenger 604 market is averaging 3 retail sales per month.

Omni Aircraft Sales is primed and ready to assist buyers and sellers of the Challenger 604 with their next transaction. Give us a call today!

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