Our July 2023 update on what’s happening in the Citation CJ1 preowned sales market;
In June 2023, there was only one transaction of a Citation CJ1. The market is still active, but averages between 1 and 3 transactions per month. With only 5 CJ1s actively listed for sale in June, that puts 2.6% of the fleet available for sale. There are 193 Citation CJ1s in operation currently, so the inventory is limited.
The average ask price of on-market CJ1s is just over $2.1MM, and the average sold price is hovering just over $2MM. While these figures are close, it suggests there still is room for negotiation with sellers.
Working with an expert that focuses on Citations is important when searching for a Citation CJ1, because finding off-market options will be a necessary part of the acquisition process. With a vast knowledge of Citation aircraft, owners, and operators, The Jet Agent is positioned as the industry expert and is ready to help you, whether you are looking to buy or sell a CJ1.