Citationjet CJ 525 Market Update June 2024

June 2024 Citation CJ (525) Market Report - The Jet Agent

Our June 2024 update on what’s happening in the Citationjet 525 “CJ” preowned sales market;

As of today, there are 336 Citation Jets (CJs) in operation, with 29 currently available for purchase, representing 8.6% of the fleet. This is a slight decrease from our May 6th, 2024, market report, which listed 30 for sale, or 8.9% of the fleet. Listing activity peaked in April, when 38 CJs were on the market.

The 29 Citation Jets for sale have been on the market for an average of 200 days, an increase from last month’s average of 190 days. This reflects a strong supply of CJs on the market while demand remains comparatively lower, leading to a rise in the average days on the market. Current listings range in price from $1,000,000 to $2,600,000, offering a wide variety of options from original CJs to heavily upgraded models with new cockpits, paint, and interiors, which command higher prices.

In May, 2 Citation Jets were sold, and over the past six months, 18 have been sold, with 4 of these being off-market transactions. The 14 aircraft that were officially listed for sale took an average of 99 days to sell, a decrease of 30 days from the previous month. Aircraft with more desirable features or characteristics have sold more quickly, contributing to this reduction. However, as the current listings continue to age, the average time to sell may rise again as these aircraft are eventually sold.

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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