Citation CJ2 Market Update February 2024

February 2024 CJ2 Update

Our February 2024 update on what’s happening in the Citation CJ2 preowned sales market;

There are currently 235 Citation CJ2s in operation today. As of February 7, 2024, there were 16 CJ2s available for sale, representing 6.8% of the fleet. This is up slightly from our January 8, 2024 update, when there were 14 CJ2s, or 6% of the fleet, for sale.

 

While studying business aircraft markets, there are a couple of metrics we focus on, starting with average time on market. We track this information for both aircraft currently listed for sale, as well as aircraft that have sold over the last six months. Last month, the Citation CJ2s on the market for sale had an average time on market of 139 days. With the addition of three new CJ2 listings in January, that dropped the average days on market now to 122 days. The other side of this metric is the average days on market for aircraft sold over the last six months, which is currently 141 days, up only slightly from last month when it was 134 days.

 

The other metric we follow is the range of prices for aircraft currently for sale, as well as the range of sold values of aircraft that have sold over the last six months. The Citation CJ2s currently for sale have asking prices ranging from $2,900,000 to $3,700,000. In January, there were no CJ2 sales, which is not unusual considering January is typically the slowest month of the year for aircraft transactions. Over the last six months, 14 CJ2s sold. Of those 14, they sold at prices ranging from $3,000,000 to $3,600,000.

 

In January, we saw the typical slow-down of aircraft transactions following yet another busy Q4 in 2023. While transactions may have slowed in January, there are still great aircraft to choose from available on the market, as well as buyers looking to purchase. Finding a great deal in Q1 is possible, and working with a professional aircraft broker is your best option when it comes to sourcing your next aircraft. Contact The Jet Agent today and let us use our resources to help you find your next aircraft or find a buyer for your current aircraft!

Learn More About The Preowned Citation Jet Markets

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