Citation M2 Market Update March 2024

March 2024 Citation M2 Update The Jet Agent

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

For the first time since June 2023, there were no new deliveries from the manufacturer of new Citation M2s (Gen2 variant). The fleet size of M2s in operation today is currently 361 aircraft, and of those 15 are for sale, or 4.2% of the total fleet. This is down just slightly from last month when there were 16 available for sale, or 4.4% of the fleet.

We follow many data points while studying the pre-owned aircraft markets, one being average time on market. We follow this for aircraft currently for sale, as well as for aircraft that have sold over the last six months. For the Citation M2s that are currently available for sale, they have been on the market for an average of 85 days. This is mostly unchanged from last month when the average was 83 days. As for the Citation M2s that sold over the last six months, they were on the market for an average of 160 days, also mostly unchanged as the average was 161 days last month.

Another data point we follow is aircraft pricing. We look at both the asking prices of aircraft currently for sale, as well as the sold prices of aircraft sold over the last six months. If you were in the market for a Citation M2 (or Gen2) today, you would see asking prices ranging from $3,595,000 to $6,899,000. In February there were 3 Citation M2 sales, and a total of 37 over the last six months. Of those 37, the sold prices ranged from $3,400,000 to $6,300,000. 

Overall, we are seeing some deals fall apart in this market and subsequent replacement deals at lower price points. Now’s a great time to be a buyer and a transitional time to be a seller.

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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