The Citation Mustang market enters August with a meaningful increase in available inventory, while sales activity remains steady. After supply tightened through the spring, July brought a noticeable influx of aircraft to market. With 33 Mustangs currently available and 23 transactions over the past six months, buyers now have more options, making pricing and aircraft positioning increasingly important for sellers.
Fleet Size and Availability
There are currently 33 Citation Mustangs available for sale, including 3 off-market aircraft, representing 7.0% of the worldwide fleet.
Inventory declined from 29 aircraft in February to a six-month low of 25 in April before beginning to rebuild. Supply increased to 27 aircraft in May and June, then climbed sharply to 32 in July. This roughly 19% month-over-month increase represents the most significant inventory movement during the period and is worth watching as we move through the second half of the year.
Market Listings
Current asking prices range from $1.495 million to $3.0 million, with active listings averaging 162 days on market.
The broad price range reflects the diversity within the Mustang fleet. Model year, total time, engine status, maintenance history, cosmetics, and whether an aircraft has been upgraded from the original G1000 to G1000 NXi can all influence market positioning. As inventory grows, buyers have more opportunities to compare aircraft directly, placing additional importance on realistic pricing and overall presentation.
Sales Activity
Over the past six months, 23 Mustangs have sold, including 7 off-market transactions, representing 4.9% of the fleet. Reported sale prices ranged from $650,000 to $3.1 million.
Transaction activity has remained relatively consistent. Three aircraft sold in February, followed by five each in March and April, four in May, and three each in June and July.
Sold aircraft averaged 248 days on market, compared with 162 days for current listings. While the Mustang remains an active market, the recent increase in supply means sellers should be cautious about assuming past transaction volume will automatically absorb the additional inventory.
Key Takeaways
• 33 aircraft are currently available, including 3 off-market, representing 7.0% of the fleet.
• Inventory increased from 27 aircraft in June to 32 in July, the largest monthly increase in the six-month period.
• 23 aircraft sold over the past six months, including 7 off-market transactions.
• Asking prices range from $1.495 million to $3.0 million.
• Current listings average 162 days on market, versus 248 days for sold aircraft.
• Sales volume has moderated from five monthly transactions in March and April to three in both June and July.
Key Insight
The Mustang remains a liquid market, but the balance has shifted somewhat toward buyers as inventory expands. July’s jump in available aircraft is particularly important because it occurred while monthly sales held at three transactions. If inventory continues to build without a corresponding increase in buyer activity, sellers may face more competition heading into the fall. For owners considering a sale this year, pricing correctly from the beginning and presenting a well-maintained, market-ready aircraft will become increasingly important as buyers gain more choices.
