Our May 2023 update on what’s happening in the Citation CJ3+ preowned sales market;
The Citation CJ3+ fleet size grew by 5 aircraft, to 239 aircraft, in April 2023 due to factory new deliveries. Average asking price is up $450,000 since April and average sold price is down roughly $410,000. With long delivery lead-times from the factory, buyers are still looking to the pre-owned market for alternative options. With only 2.9% of the fleet available for sale, the CJ3+ remains a hot aircraft for buyers and a lucrative enticement for sellers looking to maximize their sales price.
Citation CJ3+ buyers need the assistance of an acquisition consultant to help unlock additional aircraft options through off-market channels to ensure they receive the best value possible in this tight market.