Our September 2023 update on what’s happening in the Citation Sovereign+ preowned sales market;
The Citation Sovereign+ pre-owned market is not usually characterized by heavy activity, as the total fleet size is only 98 aircraft. However, all of the “on-market” options have sold in the last couple months leaving the available inventory as only “off-market” options for now. August reported 3 pre-owned sales which is the most sales in any month since December of 2022. The average sold price is just under $12.3 Million; however, a few older model year aircraft sold recently bringing that average down, when the average was at $16.7 Million just a few months ago.
With 8 sales in the last 6 months, these past few months have been an exciting time for Sovereign+ transactions, an aircraft known for being a favorite among its owners.
Heading into Q4, it is important now more than ever to secure expert, professional representation whether buying or selling an aircraft. Having skilled negotiators working on your behalf is important during the busiest time of year for aircraft sales. Contact The Jet Agent today, and let us get to work for you, helping buy or sell your next jet.
