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: October 31, 2023 2:52 pm
MARKET
OBSERVATION
Boo!! Halloween is here and costumes aren't the only things scaring us tonight. The market is overstocked. Inventory is at a 5 year high and has been trending higher for several months. Percentage of fleet for sale is now above 4.5%, which is at the very high end of the normal level range.
Hopefully, the market is only playing a small trick on us and will deliver the treat of the typical strong Q4 demand. By mid-November we should know if the small increase in demand we have already seen will transition into the full-scale buying spree we normally see during the holidays.
CIRRUS SR SERIES - NEW LISTINGS
SUPPLY
Updated: October 31, 2023 2:51 pm
MARKET
OBSERVATION
The pace of new listings remains high, but is not increasing and is not too far above the monthly numbers we've seen for more than a year. Aug, Sep, and Oct each saw ~100 units come to market.
As you can see below, demand has not kept pace, so the new supply has created an inventory overhang.
CIRRUS SR SERIES - SOLD
DEMAND
Updated: October 31, 2023 2:51 pm
MARKET
OBSERVATION
Silver lining, perhaps? We've observed monthly increases in demand since the typical Feb low. This provides hope that Q4 will be strong enough to absorb the large volume of units that have come to market recently.
Of note - our data suggests that 10%-20% of current listings are not "transactable" because those units are priced so far from the strike prices. We believe many of the sellers will acquiesce in the coming months and de-list their aircraft. This will help bring balance to the market.