Citation CJ1 Market Update June 2024

June 2024 Citation CJ1 Market Report - The Jet Agent

Our June 2024 update on what’s happening in the Citation CJ1 preowned sales market;

Currently, there are 194 Citation CJ1s in operation, with 13 available for sale, representing 6.7% of the total fleet. This is a slight increase from last month, which had 12 for sale, or 6.2% of the fleet. Listing activity has remained relatively steady this year, with between 12 and 16 CJ1s available at any given time since January.

Focusing on the 13 CJ1s currently for sale, they have been on the market for an average of 170 days, down from 197 days last month. This fluctuation is due to the entry of newer listings and the sale or withdrawal of older ones. The asking prices for CJ1s today range from $1,650,000 to approximately $2,500,000, offering a variety of options to suit different budgets.

In May, one Citation CJ1 was sold, and over the past six months, 13 have been sold, all through on-market transactions. These 13 CJ1s spent an average of 151 days on the market before selling, an increase from last month’s average of 132 days. The sold prices ranged from $1,250,000 to $2,250,000, aligning closely with the asking prices and indicating some room for negotiation on the final sale price.

Each aircraft market is unique and full of intricacies that can be difficult to follow. As the markets shift, it is more important than ever to work with a professional aircraft broker who studies these markets daily and can make expert recommendations based on actual market data.

If you are interested in buying or selling an aircraft, or are just interested in learning more about the Citation markets, contact The Jet Agent today and let our team of experts share our knowledge with you.

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