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Citation Market Report Fall 2018

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

Citation Excel Market

Current Market State for the Citation Excel

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

The Citation Excel retail transactions have held steady in the third quarter when compared to Q3 of 2017. Six aircraft sold in the third quarter, which is also on par with a year ago. Q3 averaged 27 Excel aircraft for sale, which represents only 7% of the active fleet. The number available for sale has increased significantly over the past three quarters with an increase of eight aircraft. 22% of the available aircraft sold in the third quarter. Pricing has firmed up, with a modest increase in the second quarter. Within this market, there has been no better time to buy in the past four quarters then now. As supply has significantly increased and demand has continued, this market is an excellent opportunity for a buyer.

Citation Excel Market Snapshot

  • 27
  • 366
  • 7.4%
  • $1,280,000-$3,700,00
  • $2,551,618
  • 71
  • 7,260
  • 6

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 down significantly in the third quarter when compared to Q3 of 2017. Six aircraft sold in the third quarter, which is three fewer than a year ago. Q3 averaged 14 of the Citation XLS aircraft for sale, which represents just 4% of the active fleet. The number available for sale has decreased dramatically when compared to a year ago. 43% of the available aircraft sold in the third quarter. As with the Excel, pricing has firmed up, with a modest increase in the second quarter. Within this market, there has been no better time to sell in the past six quarters then now. As supply has significantly decreased and demand has continued, this market is an excellent opportunity for a seller.

Citation XLS Market Snapshot

  • 14
  • 328
  • 4.3%
  • $2,995,000-$4,600,000
  • $4,106,875
  • 118
  • 3,621
  • 6

Citation XLS+ Market

Current Market State for the Citation XLS+

“This represents a great opportunity for a seller, especially for a U.S. registered aircraft.”

The Citation XLS+ retail transactions have been up slightly in the third quarter when compared to Q3 of 2017. Six aircraft sold in the third quarter, which is one more than a year ago. Q3 averaged only seven of the Citation XLS+ aircraft for sale, which represents just 3% of the active fleet. The number available for sale has steadily decreased for the past seven quarters with a decrease of 11 aircraft when compared to a year ago. 21% of the available aircraft sold in the third quarter. Pricing continues to remain flat, as it has for the past two quarters. Demand continues in XLS+ market, but supply has decreased significantly. In fact, there is not a single N-registered currently available for sale. This represents a great opportunity for a seller, especially for a U.S. registered aircraft.

Citation XLS+ Market Snapshot

  • 7
  • 246
  • 2.8%
  • $5,950,000-$7,700,000
  • $6,816,667
  • 149
  • 1,398
  • 6

Citation Sovereign Market

Current Market State for the Citation Sovereign

“Because of the increased activity, and a significant reduction in inventory, it would be an opportune time to sell a Sovereign.”

The Citation Sovereign retail transactions have been considerably higher in the third quarter when compared to Q3 of 2017. Seven aircraft sold in the third quarter, which is three more than a year ago. Q3 averaged 14 Citation Sovereign aircraft for sale, which represents only 4% of the active fleet. The number available for sale has declined significantly for the past five quarters with a decrease of 22 aircraft when compared to a year ago. 50% of the available aircraft sold in the third quarter. Pricing has held steady for the past three quarters. Because of the increased activity, and a significant reduction in inventory, it would be an opportune time to sell a Sovereign.

Citation Sovereign Market Snapshot

  • 14
  • 348
  • 4.0%
  • $5,595,000-$9,000,000
  • $6,636,667
  • 236
  • 3,625
  • 7

Citation Sovereign+ Market

Current Market State for the Citation Sovereign+

“With some decent market activity and not a lot of availability, this represents a good time to bring a Sovereign+ to the market.”

The Citation Sovereign+ retail transactions have been considerably higher in the third quarter when compared to Q3 of 2017. Three aircraft sold in the third quarter, which is two more than a year ago. Q3 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 six quarters with a steady four units available for the past three quarters. Pricing has remained stable for the past two quarters. With some decent market activity and not a lot of availability, this represents a good time to bring a Sovereign+ to the market.

Citation Sovereign+ Market Snapshot

  • 4
  • 80
  • 5.0%
  • $11,950,000-$13,295,000
  • $12,766,000
  • 71
  • 806
  • 3

Citation X Market

Current Market State for the Citation X

“Demand continues in the Citation X market, as supplies decrease. This presents a great opportunity for the seller, but pricing is key.”

The Citation X retail transactions have decreased in the third quarter when compared to Q3 of 2017. Eight aircraft sold in the third quarter, which is three fewer than a year ago. Q3 averaged 30 Citation X aircraft for sale, which represents almost 10% of the active fleet. The number available for sale has decreased moderately for the past six quarters with a decrease of ten aircraft. 27% of the available aircraft sold in the third quarter. Pricing has declined over the past two quarters. Demand continues in the Citation X market, as supplies decrease. This presents a great opportunity for the seller, but pricing is key.

Citation X Market Snapshot

  • 30
  • 308
  • 9.7%
  • $2,475,000-$11,265,000
  • $4,931,214
  • 156
  • 6,515
  • 8