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The trends we were noticing in the second half of 2016 ”decreasing inventory and transaction levels up” reversed in the first few months of 2017. We’re seeing inventory levels back up to pre-2016 numbers, and transactions in Q1 2017 were halved from those in Q4 2016. While it’s clear there are indeed buyers in this market for the Eclipse jets, we’re unfortunately in an unbalanced supply vs. demand scenario: the planes aren’t selling as quickly as they are coming to market.
Pricing in the Eclipse 500 market is anything but straightforward, ranging from $500K to the low/mid $1Ms depending on avionics upgrades (like integrated FMS, aka “IFMS”) and various airframe upgrades (like glass windshields). IFMS aircraft represent a great blend of value and technology, and can be bought below the $1M mark. As 500 “Plus” upgraded aircraft have continued to trade hands (those with autothrottles, anti-skid brakes, and more), values for those appear to be settling in the low to mid $1Ms for a pre-owned model.
As for the factory-new Eclipse 500: One Aviation announced earlier this year that the 550 could likely be phased out of production to make room for the also-recently-announced Eclipse Canada. The Canada will feature longer wings, more cabin and baggage space, and possible upgrades to the avionics as well as bigger engines.
|Eclipse 500||Eclipse 550|
|Current For-Sale Inventory||39||4|
|Percent of Fleet for Sale (Current)||15.1%||14.3%|
|Pre-Owned Transactions (Q1 2017)||7||1|
|Average Days on Market*||334||-|
|New Deliveries (Q1 2017)||-||0|
*For Aircraft Sold in Recent Quarter. Does not include “Off Market” sold aircraft.