The Citation XLS Gen2 market remains relatively small, but the latest data shows an interesting shift in the balance between supply and recent sales activity. Inventory has increased heading into August, while transaction activity has slowed considerably over the past several months. With current aircraft still showing relatively short days on market, the next few months should provide a better indication of whether the additional inventory is readily absorbed or begins to accumulate.
Fleet Size and Availability
There are currently 5 Citation XLS Gen2s available for sale, representing 8.3% of the fleet.
Inventory has moved around throughout the past six months, declining from three aircraft in February to two in March, returning to three in April, and dropping back to two in May. Supply then increased to three aircraft in June and four in July, continuing higher to the five aircraft currently available.
While five aircraft is still a small absolute number, the percentage of fleet available is worth watching given the relatively young and limited XLS Gen2 population.
Market Listings
Current asking prices range from $13.8 million to $14.6 million, a relatively narrow $800,000 spread.
The current group of aircraft averages just 48 days on market, suggesting much of today’s inventory is relatively fresh. That is considerably shorter than the 248-day average DOM of aircraft sold during the past six months.
The combination of increasing inventory and low current DOM suggests the market has recently received several new listings rather than simply accumulating older aircraft.
Sales Activity
There have been 6 retail sales during the past six months, including 2 off-market transactions, representing 10.0% of the fleet.
Sales were concentrated earlier in the reporting period, with two transactions in both February and March. Activity then slowed sharply, with no sale in April, one each in May and June, and no recorded retail sale in July.
Reported sale prices ranged from $14.5 million to $16.3 million. Notably, that entire six-month sold range sits at or above today’s asking-price range, although differences between individual aircraft and timing make direct comparisons important.
What This Means For You
Six sales earlier in the period and nothing in July, with five fresh listings now on the market. The aircraft that sold earlier this year averaged 248 days on market, which tells you this segment has never moved quickly. But the slowdown in recent activity combined with rising inventory is a change in direction worth paying attention to. If you are considering a sale, getting ahead of a potential inventory buildup is a smarter move than waiting to see how fall develops. If you are a buyer, the entire six-month sold range sits at or above current asking prices, which means today’s asks are already below where recent transactions have cleared. That is an unusually favorable entry point relative to recent market history.
