Citation M2 Market Update January 2024

December 2023 Citation M2 Update

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

The Citation M2 (and Gen2 variant) is one of the most popular light jets in production, and the fleet continues to grow thanks to new deliveries from the manufacturer. There are currently 359 Citation M2 (and Gen2 variant) aircraft in operation today, up one from last month. Of the 359 M2s, 12 are currently for sale (3.3% of the fleet). This is down from last month, due to a busy month of sales, when there were 26 available for sale, or 7.3% of the fleet.

Studying the time spent on market paints a great picture of the state of the market for pre-owned aircraft. We follow both the time on market for aircraft available for sale, as well as the time spent on market of sold aircraft over the past 6 months. The Citation M2s currently available for sale have spent an average of 120 days on the market, which is down slightly from last month when the average was 133 days. 

Looking at the other side of this statistic, Citation M2s that have sold in the last six months spent an average of 156 days on the market. This is mostly unchanged from last month when it took an average of 158 days to sell an M2. This will be interesting to follow now as the Citation M2 market has shifted from a buyer’s market back to a seller’s market. As the percentage of the fleet for sale drops down, this will influence the time on market as well.

Another important figure we follow is pricing. We closely follow the asking prices of aircraft, as well as the sold prices of aircraft on a rolling six-month basis. If you were looking to purchase a Citation M2 today, you could expect to spend between $3,675,000 to $6,899,000 on the aircraft. 

There is a great selection of Citation M2s available for sale currently, with the standard M2 as well as a few Gen2 variants on the higher end of the price range. When looking at the sold prices of Citation M2s over the last six months, we saw a range of prices from $3,600,000 to $6,300,000. There were 12 Citation M2s that sold in December, and 42 transacted over the last six months.

In 2023, the aviation industry experienced a remarkable surge in aircraft sales. The year witnessed a substantial rise in the number of listings, and corresponding transactions flourished. As we embark on a new year, the significance of collaborating with a proficient and informed aircraft broker cannot be overstated. It is crucial to have your interests aptly advocated for in this dynamic market.

An array of exceptional aircraft are currently available for purchase, with eager buyers seeking opportunities. For a seamless experience, consider reaching out to The Jet Agent. Our team is well-equipped to leverage our resources on your behalf, regardless of whether you are a buyer or seller in the transaction.

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