Aerista has always been synonymous with great data. Since 2012, we have been collecting the most detailed and granular airplane transaction data in the industry, in order to help our clients better understand the value of the airplane they are buying or selling, and to understand market conditions at a macro level.
AeristaMetrics is the proprietary valuation and market tracking tool that harnesses this data to generate the charts below.
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CIRRUS SR SERIES - FOR SALE
INVENTORY
Updated: November 10, 2024 8:45 am
MARKET
OBSERVATION
"Stable" is the word that most accurately describe the trends in the Cirrus pre-owned market. Inventory of Listings for Sale has remained in a fairly tight band around 340 units for more than 12 months. The buildup of inventory from early 2022 until late 2023 has given way to a balanced marketplace, so the era of steep price corrections has abated in favor of normal depreciation for most segments. As always, we note the Percentage of Fleet for sale (the blue line) - it seems to be in the healthy range at 4.4%, below the historic peak above 5%.
CIRRUS SR SERIES - NEW LISTINGS
SUPPLY
Updated: November 10, 2024 8:55 am
MARKET
OBSERVATION
The supply of new listings declined each month since summer. In Q3, we were concerned that supply had been creeping up and we weren't sure if demand would keep pace. With supply gently rolling over, our worries have been kept at bay.
CIRRUS SR SERIES - SOLD
DEMAND
Updated: November 10, 2024 9:01 am
MARKET
OBSERVATION
We noted in our last observation that summer demand tends to vary quite a bit, so we didn't want to ring the alarm bell when we saw low single-month demand figures in August and September. Our patience proved wise - look at October demand! With 107 units removed from the market (a full 20 more than came on the market), it seems the traditional Q4 demand returned, well before the reduction in uncertainty following the completion of the presidential election. That's a very good omen for the remainder of 2024.