Our October 2023 update on what’s happening in the Citation CJ2 preowned sales market;
The Citation CJ2 fleet size remains unchanged with 235 aircraft in the fleet, 8 of which are currently for sale, or 3.4% of the total fleet. While no longer in production, the Citation CJ2 family remains a popular aircraft for private owners and charter companies alike.
Over the last 3 months, the average asking price for the Citation CJ2 has dipped slightly, from $3.43 Million to $3.24 Million. The average sold price for the Citation CJ2 has moved up and down slightly in the same time frame but is currently sitting at $3.14 Million. June, July, and August all reported 2 sales of Citation CJ2s each, and September saw 3 change ownership, with 12 selling since April.
The average days on market for Citation CJ2s currently for sale rose slightly to 136 days, meanwhile the CJ2s that have sold were on the market for less time bringing the average days on market for sold aircraft down to 98 days.
As we enter Q4, the busiest season in pre-owned business aircraft sales, it is more important than ever to work with a professional and ethical aircraft broker. From negotiating contracts, to helping find the perfect aircraft for you, (whether on-market or off-market) using the right aircraft broker can make all the difference in your experience.