Our August 2023 update on what’s happening in the Citation Mustang preowned sales market;
So far this year, Citation Mustang listings and sales peaked in May and have been trending down since then. There were 39 Mustangs available for sale in May and thanks to high sales activity, there are currently 27 available for sale (5.7% of the total 473 Mustangs). The high activity shows that this is still one of the most popular very light jets ever produced. Average asking price is $2,081,250 and the average sold price over the last 6 months is $2,012,500. Some of the newer to market Citation Mustangs have been selling first, keeping the average days on market for the sold aircraft to be 119 days, while there are some aging units still available for sale keeping the average days on market currently at 207 days.
When dealing with an aircraft in a busy market like the Citation Mustang, it is important to use an experienced Citation broker to get the most out of your acquisition or listing transaction. Contact The Jet Agent today and let us put our resources to use for you as you get ready to buy or sell a Citation Mustang.