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Citation Market Report Q2 2017



Your aircraft is likely one of the biggest assets you have as an organization and it’s critical that you know what your aircraft market looks like compared to other business aircraft. At Elliott Jets, we provide Citation market reports. We have a proven track record of selling jets faster than industry average, so contact us today to list your aircraft for sale!

The team at Elliott Jets combines a highly experienced, process-driven aircraft sales team with 350 of the industry’s most experienced technical aircraft experts at Elliott Aviation. Listing an aircraft with Elliott Jets ensures you have the power of the entire organization under one roof working on your behalf. We employ experts in all technical competencies including maintenance, avionics, paint, interior, accessories, parts and flight services. From contract and pricing negotiations to all aspects of managing the pre-buy, our team works in your best interest to keep your aircraft moving throughout the entire sale.

2nd Quarter 2017 Market Summary

Current State of the Citation CJ2 Market

The CJ2 retail transactions have been up and down over the last three quarters. The end of 2016 had a significant amount of closings but the first two quarters have slowed down. Currently there are 20 CJ2 aircraft for sale, which represents eight percent of the CJ2 aircraft manufactured. Out of this mix, there is a good selection of US based CJ2 aircraft available for purchase. We still see a lot of turbo prop owners choosing to move into the CJ2 because for the money, it is a very attractive, single-pilot light jet. CJ2 values are dropping but not as much as most jet aircraft. The demand rating for the CJ2 is a B-.

Market Snapshot for the Citation CJ2
  • # On Market: 20
  • Fleet Size: 237
  • % On Market: 8%
  • Average Asking Price: $2.615MM
  • Avg. Days on Market(Sold): 292
  • Avg. TT of Aircraft Currently For Sale: 3,755
  • Transactions in 2016: 31
  • Transactions in 2017 Q1: 3


Current State of the Citation CJ2+ Market

Starting in 2015, the CJ2+ market was not very active. The asking prices were close to what CJ3 aircraft were selling for, which caused prices to drop in 2016. This pricing adjustment led to an active year for CJ2+ transactions. 31 aircraft traded ownership in 2016, which is a significant increase over the previous year. Currently there are 16 CJ2+ aircraft for sale. This represents eight percent of the CJ2+ aircraft production, however, more that half of the aircraft available for sale are located overseas. The demand rating for the CJ2+ is a B+.

Market Snapshot for the Citation CJ2+
  • # On Market: 16
  • Fleet Size: 225
  • % On Market: 8%
  • Average Asking Price: $3.65MM
  • Avg. Days on Market(Sold): 273
  • Avg. TT of Aircraft Currently For Sale: 2,133
  • Transactions in 2016: 31
  • Transactions in 2017 Q1: 7


Current State of the Citation CJ3 Market

The CJ3 sales activity has been fairly steady over the last four quarters. Last year 44 CJ3 aircraft changed ownership. In the first quarter this year, 10 aircraft sold. Today there are 32 CJ3s available for sale, which represents eight and a half percent of the aircraft produced with the majority of aircraft on the market based in the US. While prices are dropping, the CJ series of aircraft are not seeing the significant change in values that many other jet aircraft are incurring. The demand for the CJ3 is a B+.

Market Snapshot for the Citation CJ3
  • # On Market: 32
  • Fleet Size: 413
  • % On Market: 8.5%
  • Average Asking Price: $4.135MM
  • Avg. Days on Market(Sold): 256
  • Avg. TT of Aircraft Currently For Sale: 2,526
  • Transactions in 2016: 44
  • Transactions in 2017 Q1: 10


Current State of the Citation CJ4 Market

The Citation CJ4 used aircraft market has been fairly steady in the amount of transactions over the last 4 quarters with the exception of the third quarter of 2016. We are seeing the average days on market increasing over the last few quarters. We have also seen asking prices drop significantly over the last two quarters. Today there are 19 used CJ4 aircraft for sale. This represents 8.4% of the aircraft production, with the majority of available aircraft based in the US. The demand for the Citation CJ4 is a C+.

Market Snapshot for the Citation CJ4
  • # On Market: 19
  • Fleet Size: 213
  • % On Market: 8.4%
  • Average Asking Price: $6.87MM
  • Avg. Days on Market(Sold): 286
  • Avg. TT of Aircraft Currently For Sale: 903
  • Transactions in 2016: 12
  • Transactions in 2017 Q1: 4