Citation M2 Market Update February 2024

February 2024 Citation M2 Market Report The Jet Agent

Our February 2024 update on what’s happening in the Citation M2 preowned sales market;

Thanks to new deliveries from the manufacturer, the Citation M2 (including Gen2) fleet grew by 2 aircraft. There are now 361 M2s in operation today, up from 359 last month. Of the 361 M2s, 16 are currently for sale, or 4.4% of the fleet. This is up 4 aircraft from last month when there were 12 for sale, or 3.3% of the fleet.


There are a couple important pieces of information that we study when looking at aircraft markets. One of the statistics we track is the average time on market, for both aircraft currently listed for sale as well as aircraft sold over the last six months. The Citation M2s currently for sale have been on the market for an average of 83 days. This is down from last month when the average was 120 days. Now, looking at the Citation M2s that sold over the last six months, they were on the market for an average of 161 days, up slightly from last month when they averaged 156 days on the market.


The other key statistic we follow in the pre-owned aircraft market is pricing. We look at both the asking prices of aircraft for sale currently, and we look at the sold prices of aircraft sold over the last six months. Looking at Citation M2s (and Gen2s) currently for sale, they range in asking price from $3,595,000 to $6,899,000. In January, there were 2 Citation M2 sales, and a total of 43 sold over the last six months. Of those M2s that sold, the sold prices ranged from $3,400,000 to $6,300,000.


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!

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