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!