Citation Mustang Market Update June 2024

June 2024 Citation Mustang Market Report - The Jet Agent

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

The Citation Mustang family has 472 aircraft in operation today, with 35 currently for sale, representing 7.4% of the fleet. This is a slight increase from last month, when 33 Mustangs, or 7% of the fleet, were available for purchase.

Listing Activity

The 35 Citation Mustangs for sale have been on the market for an average of 164 days, up slightly from last month’s average of 153 days. Asking prices range from $599,000 to $2,525,000, reflecting the diverse range of options available. These range from high-time, retired charter planes to well-updated aircraft with superior pedigrees commanding higher prices.

Sales Activity

In May, seven Citation Mustangs were sold, contributing to a total of 38 transactions over the past six months. Notably, 18 of these sales were off-market, highlighting the importance of private transactions in this sector. The on-market Mustangs sold in an average of 113 days, a stable figure compared to last month’s 110 days. Sale prices for these Mustangs over the past six months ranged from $775,000 to $2,670,000. As Mustangs sell, new listings quickly replenish the market, ensuring a continuous selection of high-quality aircraft for prospective buyers.

This steady turnover and consistent pricing demonstrate a healthy market dynamic, offering both opportunities and stability for those looking to invest in a Citation Mustang.

Each aircraft market is unique and full of intricacies that can be difficult to follow. As the markets shift, it is more important than ever to work with a professional aircraft broker who studies these markets daily and can make expert recommendations based on actual market data.

If you are interested in buying or selling an aircraft, or are just interested in learning more about the Citation markets, contact The Jet Agent today and let our team of experts share our knowledge with you.

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