Citation Mustang Market Update April 2024

April 2024 Citation Mustang Market Update The Jet Agent

Our April 2024 update on what’s happening in the Citation Mustang preowned sales market;

Currently, there are 472 Citation Mustangs soaring through the skies, with 35 available for sale. This figure remains unchanged from our March 8th update. Representing 7.4% of the total fleet, the percentage of Mustangs for sale has seen a slight decrease from the six-month average of 7.8%. Despite this, there’s still a healthy inventory for those in the market.

March witnessed robust activity in Mustang transactions, with 9 aircraft sold and several new listings hitting the market. The asking prices for available Mustangs range from $599,000 to $2,850,000. Meanwhile, recent sales indicate a price range between approximately $1,100,000 and $2,670,000, showcasing the continued appeal of the Mustang across various model options.

Given the abundance of available Mustangs, buyers currently hold the advantage, enjoying a wide array of choices. Consequently, the time on market for the Citation Mustang is relatively higher compared to some other fleets. On average, Mustangs currently for sale have been on the market for 145 days, while those sold over the past six months spent around 135 days before finding their new owners.

Despite market dynamics, the Citation Mustang continues to be a sought-after model, with no signs of slowing down. We anticipate continued strong sales and activity in the coming months.

There are intricacies in the transaction of a Citation Mustang that most generalists aren’t aware of.  Be sure to protect yourself by using representation that know the Mustang inside and out.

 

Learn More About The Preowned Citation Jet Markets

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