Top End Inventory at 4-year High
Used inventory of ultra long range jets (5000nm+) closed April at a 4-year high of 181 units based on our tracking. Inventory has been below 180 units since July of 2016.
April 2020 vs April 2019
New Listings: +16 / +18
Withdrawn: -6 / -3
Sales: -4 / -13
End of April Cumulative YTD 2020 vs 2019
New Listings: +81 / +67
Withdrawn: -22 / -14
Sales: -25 / -42
Net: +34 / +11
April net change in inventory, from:
Month Prior: +6 (3.4%)
YTD: +34 (23.1%)
Y/Y: +44 (32.1%)
Recent Low +67 (58.7%) from August 2018
Some takeaways:
- Inventory was already building steadily before COVID, + 20 units in January/February
- We can assume March data was only partially impacted by the pandemic
- Just 4 closings in April, lowest in the past 48MO
- But, new listings were on the light-ish side as well (16), which partially abated the increase in inventory
We are finalizing May numbers but the preliminary data appears more or less flat.
Happy flying.