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Embraer Phenom 100 & Phenom 300 Market Spotlight

Embraer Phenom jet series: Q2 2016 market update

Jim Becker   |   1st June 2016
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Jim Becker Jim Becker

James Becker is an American Society of Appraisers (ASA) Accredited Senior Appraiser for Elliott...
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The Embraer Phenom 100 and Embraer Phenom 300 are two exceptional aircraft in the single-pilot jet arena, notes Elliott Aviation’s Jim Becker. So how are they faring in the used jet market as we approach the middle of 2016?

Embraer’s Phenom 300 continues to compete hard with its longer-range light jet competitors like the Cessna Citation CJ3+ and Citation CJ4, while the Phenom 100 is a very attractive, very capable entry-level aircraft and competes with the Cessna Citation M2 and Cessna Citation Mustang.

We have, nevertheless noted a slight increase of available Phenoms for sale, although demand remains relatively stable at this time. Overall, there is a healthy market for both aircraft and, priced properly, both can sell quickly.

Phenom 100 Market

The Phenom 100 market cooled off slightly during early 2015, and that trend repeated during early 2016. The 23 transactions recorded over the course of 2015 was down from 26 transactions in 2014. During Q1 2015 there were only two Phenom 100s sold, so activity during Q1 2016 was comparatively good with four sold, although inventory levels were climbing.

Embraer Phenom 100 Jet Transactions Q1 2016

Currently there are 30 Phenom 100s on the market – although that still represents only 9% of the fleet. About half the Phenom 100s on the market are registered in the US. Prices trend down, but have remained relatively stable compared to some models.

Embraer Phenom 100 Jet For Sale Q1 2016

Market Snapshot for the Phenom 100

  • # On Market: 30
  • Fleet Size: 328
  • % On Market: 9%
  • Average Asking Price: $2.7m
  • Avg. Days on Market (Sold): 301
  • Avg. TT of Aircraft Currently For Sale: 1,021 hrs
  • Transactions in 2015: 23
  • Transactions in Q1 2016: 4


Phenom 300 Market

The Phenom 300 continues to be a very successful aircraft for Embraer and the used market for the model is becoming more established now. After a slow start in 2015, the pre-owned Phenom 300 market had heated up by Q4. Seven retail transactions during that historically-active quarter brought the total aircraft traded in 2015 to 12, topping 2014’s total of 10. During Q1 2016, activity was good, and six aircraft were sold.

Embraer Phenom 300 Jet Transactions Q1 2016

Inventory levels during 2015 bottomed-out by Q2, rising steadily to 15 units by the end of last year, and have now climbed to 20 (which still represents only 6% of the fleet). During Q1 2016, while prices were trending down slightly, they were still very steady compared to some competitors in the light jet class.

Embraer Phenom 300 Jet For Sale Q1 2016

Market Snapshot for the Phenom 300

  • # On Market: 19
  • Fleet Size: 232
  • % On Market: 8%
  • Average Asking Price: $2.1m
  • Avg. Days on Market(Sold): 255
  • Avg. TT of Aircraft Currently For Sale: 2,336 hrs
  • Transactions in 2015: 15
  • Transactions in Q1 2016: 3


Summary

While inventory creeps up and prices creep down in the Embraer Phenom 100 and Embraer Phenom 300 used jet markets, this is only to be expected as the markets mature. The stability, compared to similar jets for sale, shows that the Phenom series continues to provide a viable, attractive proposition to buyers if sellers do their homework and price their jets right!


Read more about: Used Aircraft Sales Trends | Jet Sales | Embraer Phenom 100 | Embraer Phenom 300

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