The aim of this paper is to quantify the day-to-day variations of motion models derived from pre-treatment 4-dimensional cone beam CT (4DCBCT) fractions for lung cancer stereotactic body radiotherapy (SBRT) patients. Motion models are built by (1) applying deformable image registration (DIR) on each 4DCBCT image with respect to a reference image from that day, resulting in a set of displacement vector fields (DVFs), and (2) applying principal component analysis (PCA) on the DVFs to obtain principal components representing a motion model. Variations were quantified by comparing the PCA eigenvectors of the motion model built from the first day of treatment to the corresponding eigenvectors of the other motion models built from each successive day of treatment. Three metrics were used to quantify the variations: root mean squared (RMS) difference in the vectors, directional similarity, and an introduced metric called the Euclidean Model Norm (EMN). EMN quantifies the degree to which a motion model derived from the first fraction can represent the motion models of subsequent fractions. Twenty-one 4DCBCT scans from five SBRT patient treatments were used in this retrospective study. Experimental results demonstrated that the first two eigenvectors of motion models across all fractions have smaller RMS (0.00017), larger directional similarity (0.528), and larger EMN (0.678) than the last three eigenvectors (RMS: 0.00025, directional similarity: 0.041, and EMN: 0.212). The study concluded that, while the motion model eigenvectors varied from fraction to fraction, the first few eigenvectors were shown to be more stable across treatment fractions than others. This supports the notion that a pre-treatment motion model built from the first few PCA eigenvectors may remain valid throughout a treatment course. Future work is necessary to quantify how day-to-day variations in these models will affect motion reconstruction accuracy for specific clinical tasks.