The Citation Mustang market enters September with rising inventory and a gradually slowing sales pace. There are currently 32 aircraft available for sale, representing 6.8% of the fleet, compared with 21 retail sales during the past six months. While the Mustang continues to generate consistent transaction activity, inventory has increased through the summer while monthly sales have declined, creating more competition among sellers and additional choice for buyers.
Fleet Size and Availability
There are currently 32 Citation Mustangs available for sale, including 3 off-market aircraft, representing 6.8% of the fleet.
Inventory has generally moved higher after reaching a six-month low of 25 aircraft in April. Availability increased to 27 in May and June, then climbed to 32 in July and 33 in August. This recent buildup is worth watching, particularly as it has occurred alongside a slowdown in monthly sales activity.
Market Listings
Current asking prices range from $1.495 million to $3.0 million, while the six-month sold price range extends from $1.0 million to $3.1 million. The broad range reflects the diversity within the Mustang fleet, where year, total time, maintenance status, engine program enrollment, cosmetics, and G1000 versus G1000 NXi equipment can create meaningful differences between aircraft.
Current listings average 181 days on market, compared with 245 days for aircraft sold during the past six months. This suggests today’s available inventory has generally been on the market for less time than the aircraft that have recently transacted.
Sales Activity
There have been 21 retail sales over the past six months, including 5 off-market transactions, representing 4.5% of the fleet.
Monthly transaction activity has gradually slowed. Five aircraft sold in both March and April, followed by three each in May, June, and July, and two in August. The Mustang continues to transact consistently, but the direction of the recent sales trend contrasts with the increase in available inventory.
Key Takeaways
• 32 aircraft are currently available, representing 6.8% of the fleet.
• Inventory has increased meaningfully since its April low.
• 21 aircraft sold during the past six months, including five off-market transactions.
• Monthly sales declined from five in March and April to two in August.
• Current listings average 181 DOM versus 245 days for recently sold aircraft.
• Buyers currently have more selection as inventory continues to build.
Key Insight
The Mustang remains an active market, but the balance has shifted somewhat toward buyers during the summer. Inventory has increased while monthly transaction volume has steadily declined, giving buyers more alternatives and potentially more negotiating leverage. For sellers, that makes competitive pricing and aircraft presentation increasingly important. Well-maintained aircraft with desirable specifications, strong program status, and appropriate pricing should continue to attract attention, but sellers should be mindful of the growing competition as the market moves into the fall.
