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Citation Market Report Q2 2018

Citation Excel, Citation XLS, Citation XLS+, Citation Sovereign, Citation Sovereign+, Citation X

Citation Excel Market

Current Market State for the Citation Excel

“Within this market, there has been no better time to sell in the past four quarters than now.”

The Citation Excel retail transactions have been down significantly in the first quarter when compared to Q1 of 2017. Five aircraft sold in the first quarter, which is half as many as a year ago. Q1 averaged 19 Excel aircraft for sale, which represents only 5% of the active fleet. The number available for sale has remained relatively steady for the past six quarters with fluctuations between 19 and 21 aircraft. Of the available aircraft, 26% sold in the first quarter. The reduced sales activity may be explained by a shortage of U.S. based aircraft that are enrolled on an engine program. Pricing continues to remain flat as it has for several quarters. Within this market, there has been no better time to sell in the past four quarters than now.

Citation Excel Market Snapshot

  • 19
  • 368
  • 5%
  • $1,900,000 - $3,575,000
  • $2,985,833
  • 135
  • 6,682
  • 5

Citation XLS Market

Current Market State for the Citation XLS

“As supply has significantly decreased and demand has continued, this market is an excellent opportunity for a seller.”

The Citation XLS retail transactions have been up significantly in the first quarter when compared to Q1 of 2017. Ten aircraft sold in the first quarter, which is five more than a year ago. Q1 averaged 19 of the Citation XLS aircraft for sale, which represents 6% of the active fleet. The number available for sale has steadily decreased for the past three quarters with a decrease of eight aircraft. Of the available aircraft, 22% sold in the first quarter. Pricing continues to remain steady as it has for the last three quarters. Within this market, there has been no better time to sell in the past four quarters than now. As supply has significantly decreased and demand has continued, this market is an excellent opportunity for a seller.

Citation XLS Market Snapshot

  • 19
  • 328
  • 5.9%
  • $3,295,000 - $4,800,000
  • $3,884,828
  • 132
  • 3,589
  • 10

Citation XLS+ Market

Current Market State for the Citation XLS+

“Demand continues in XLS+ market, but supply is starting to decrease which represents an opportunity for a seller, but accurate aircraft pricing is critical.”

The Citation XLS+ retail transactions have been down considerably in the first quarter when compared to Q1 of 2017. Three aircraft sold in the first quarter, which is four fewer than a year ago. Q1 averaged 14 of the Citation XLS+ aircraft for sale, which represents 6% of the active fleet. The number available for sale has steadily decreased for the past five quarters with a decrease of six aircraft. Of the available aircraft, 21% sold in the first quarter. Pricing continues to remain flat as it has for the past two quarters. Demand continues in XLS+ market, but supply is starting to decrease which represents an opportunity for a seller, but accurate aircraft pricing is critical.

Citation XLS+ Market Snapshot

  • 14
  • 240
  • 6.0%
  • $4,950,000 - $8,850,000
  • $7,017,059
  • 840
  • 1,336
  • 3

Citation Sovereign Market

Current Market State for the Citation Sovereign

“With prices at this level, buyers previously considering a Citation XLS+ could be entering this market.”

The Citation Sovereign retail transactions have been considerably higher in the first quarter when compared to Q1 of 2017. Ten aircraft sold in the first quarter, which is four more than a year ago. Q1 averaged 34 Citation Sovereign aircraft for sale, which represents 10% of the active fleet. The number available for sale has remained fairly steady for the past four quarters with an increase of two aircraft from last quarter. Of the available aircraft, 29% sold in the first quarter. Pricing has dropped slightly from last quarter. Over the past five quarters, market supply has slightly increased and prices are falling at a faster rate than expected. The softening of this market should attract more price-conscious buyers than in previous quarters. With prices at this level, buyers previously considering a Citation XLS+ could be entering this market.

Citation Sovereign Market Snapshot

  • 34
  • 348
  • 9.7%
  • $4,995,500 - $9,000,000
  • $6,734,714
  • 326
  • 3,205
  • 10

Citation Sovereign+ Market

Current Market State for the Citation Sovereign+

“With a lack of activity in the first quarter and sufficient supply, this presents a good opportunity for a purchaser, as the recent inactivity may make some sellers nervous.”

The Citation Sovereign+ retail transactions have been considerably lower in the first quarter when compared to Q1 of 2017. No aircraft sold in the first quarter, which is two fewer than a year ago. Q1 averaged four Citation Sovereign+ aircraft for sale, which represents 5% of the active fleet. The number available for sale has vacillated between three and five for the past four quarters with a reduction of one aircraft from last quarter. Pricing has remained stable for the past two quarters. With a lack of activity in the first quarter and sufficient supply, this presents a good opportunity for a purchaser, as the recent inactivity may make some sellers nervous.

Citation Sovereign+ Market Snapshot

  • 4
  • 76
  • 5.3%
  • $11,750,000 - $13,600,000
  • $12,675,000
  • N/A
  • 821
  • 0

Citation X Market

Current Market State for the Citation X

“As demand continues in the Citation X market, supply is starting to decrease. This represents a great opportunity for a seller but accurate aircraft pricing is key.”

The Citation X retail transactions have been consistent in the first quarter when compared to Q1 of 2017. Five aircraft sold in the first quarter, which is one fewer than a year ago. Q1 averaged 33 Citation X aircraft for sale, which represents 11% of the active fleet. The number available for sale has decreased moderately for the past four quarters with a decrease of seven aircraft. Of the available aircraft, 15% sold in the first quarter. Pricing continues to remain steady as it has for three quarters. As demand continues in the Citation X market, supply is starting to decrease. This represents a great opportunity for a seller but accurate aircraft pricing is key.

Citation X Market Snapshot

  • 33
  • 309
  • 10.6%
  • $2,300,000 - $11,265,000
  • $4,379,783
  • 180
  • 6,156
  • 5