Our August 2023 update on what’s happening in the Citation Sovereign+ preowned sales market;
Being one of the quieter markets we follow, the Citation Sovereign+ has enjoyed some renewed activity the last two months. There were 2 sales in June and 2 again in July, with the only other sale this year occurring in March.
There has been a steady increase in Citation Sovereign+s entering the market since January, peaking at 9 in June. With 4 sales in June and July combined, there are currently 5 for sale, or 5.1% of the total fleet of 98 aircraft. The current average asking price is $14,173,750 and the average sold price for the last 6 months is $12,100,001. On average, we saw 1 Citation Sovereign+ enter the market each month over the last 6 months.
The Citation Sovereign+ remains a favorite for businesses around the world. Finding one can be difficult due to the smaller fleet size and working with an experienced Citation broker is critical to find all the on and off-market options. Contact The Jet Agent today and let us help you find your next aircraft.