Our September 2023 update on what’s happening in the Citation CJ3 preowned sales market;
The Citation CJ3 has been one of the strongest performers in the light jet category since 2020. Over the last 6 months, there have consistently been at least 20 Citation CJ3s for sale at some point during each month. Listing activity has remained active, and so have sales. We have seen a slight decline in sales activity since June due to the usual summer lull in activity when most buyers take a break from the market.
As we head into Q4, which is typically the busiest season for aircraft sales, the inventory level of pre-owned Citation CJ3s is strong. With a current fleet size of 409 aircraft, August concluded with 19 Citation CJ3s for sale (4.6% of the fleet).
The average asking price has slowly been rising up to $5.46 Million, a close comparison to the average sold price of the last 6 months at $5.47 Million.
Heading into Q4, it is important now more than ever to secure expert, professional representation whether buying or selling an aircraft. Having skilled negotiators working on your behalf is important during the busiest time of year for aircraft sales. Contact The Jet Agent today, and let us get to work for you, helping buy or sell your next jet.