Our October 2023 update on what’s happening in the Citation Encore preowned sales market;
The Citation Encore fleet includes 159 aircraft, with 7 currently for sale (4.4% of the fleet). The Citation Encore is still a favorite among its owners and is highly sought after by business owners and pilots alike looking for an aircraft with great range and performance.
The Citation Encore pre-owned market has experienced a mostly unchanged average asking price over the last few months, hovering between $3.72 Million and $3.86 Million. The average sales price has been rising slowly but steadily over the last few months. One Encore was sold well below market value which weighed the average sold price down for some time, but as we further ourselves from that transaction, we have seen the average sold price rise.
The Citation Encore pre-owned market peaked in sales in July and August with 3 sales each month, and one transaction in September. Over the last 6 months, 9 Citation Encores have sold. This is an active and healthy market and we expect continued interest in this market.
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.