Our October 2023 update on what’s happening in the Citation CJ1+ preowned sales market;
In the smallest Citation market that we currently track, the Citation CJ1+ fleet size remained unchanged in September at 100 total aircraft. At the time of this update, there are currently 9 for sale, 9% of the fleet.
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Both the average asking price and average sold price are down slightly since our last update. The average asking price is currently $2.77 Million, down from $2.80 Million, and the average sold price is currently $2.71 Million, down from $2.83 Million. There were no Citation CJ1+s sold in July or August, but 2 sales were reported in September, and 6 have sold total since April.
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Since there aren’t many Citation CJ1+s in the fleet, they do not transact as often. This leads to a higher average time on market. Currently, the Citation CJ1+s available for sale have been on the market for an average of 273 days, while sold aircraft spent an average of 148 days on the market before selling.
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As we enter Q4, the busiest season in pre-owned business aircraft sales, it is more important than ever to work with a professional and ethical aircraft broker. From negotiating contracts, to helping find the perfect aircraft for you, (whether on-market or off-market) using the right aircraft broker can make all the difference in your experience.
