Back to Market Reports

Citation Quarterly Market Report – Fall 2019

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

Citation Excel Market

Current Market State for the Citation Excel

“As the number of available aircraft continues to decline, and pricing firming, this is an excellent time to sell an Excel.”

The Citation Excel retail transactions have held steady in the third quarter when compared to Q3 of 2018. Six aircraft sold in the third quarter, which is also on par with a year ago. Q3 averaged 17 Excel aircraft for sale, which represents only 5% of the active fleet. The number available for sale has decreased significantly over the past six quarters with a decrease of 11 aircraft. 35% of the available aircraft sold in the third quarter. Pricing has firmed up, with a modest increase in the third quarter. As the number of available aircraft continues to decline, and pricing firming, this is an excellent time to sell an Excel. 

Citation Excel Market Snapshot

  • 17
  • 362
  • 5%
  • $1,750,000 - $3,200,000
  • $2,753,929
  • 114
  • 8,462
  • 6

Citation XLS Market

Current Market State for the Citation XLS

“Like the Excel, a dwindling supply of aircraft is advantageous to a seller.”

The Citation XLS retail transactions have increased moderately in the third quarter when compared to Q3 of 2018. Nine aircraft sold in the third quarter, which is three more than a year ago. Q3 averaged nine of the Citation XLS aircraft for sale, which represents just 3% of the active fleet. The number available for sale has decreased dramatically when compared to a year ago, with only nine on the market. 100% of the available aircraft sold in the third quarter. Pricing for the XLS has increased in the last quarter. Like the Excel, a dwindling supply of aircraft is advantageous to a seller.

Citation XLS Market Snapshot

  • 9
  • 328
  • 3%
  • $3,450,000 - $4,895,000
  • $4,332,857
  • 132
  • 3,762
  • 10

Citation XLS+ Market

Current Market State for the Citation XLS+

“This represents an excellent opportunity for a buyer, as pricing has stabilized, and there is an ample supply of aircraft.”

The Citation XLS+ retail transactions have been down slightly in the third quarter when compared to Q3 of 2018. Five aircraft sold in the third quarter, which is one fewer than a year ago. Q3 averaged 16 of the Citation XLS+ aircraft for sale, which represents 6% of the active fleet. The number available for sale has increased by nine units when compared to Q3 of 2018. 31% of the available aircraft sold in the third quarter. Pricing has increased slightly in 2019. Demand continues in the XLS+ market, but supply has increased moderately. This represents an excellent opportunity for a buyer, as pricing has stabilized, and there is an ample supply of aircraft.

Citation XLS+ Market Snapshot

  • 16
  • 267
  • 6%
  • $5,700,000 - $10,895,000
  • $8,040,833
  • 142
  • 1,690
  • 5

Citation Sovereign Market

Current Market State for the Citation Sovereign

“An adequate supply and moderate activity in Q3 lead to opportunities for both a buyer and a seller.”

The Citation Sovereign retail transactions have held steady in the third quarter when compared to Q3 of 2018. Seven aircraft sold in the third quarter, which is the same as a year ago. Q3 averaged 17 Citation Sovereign aircraft for sale, which represents only 5% of the active fleet. The number available for sale is three more than a year ago. 41% of the available aircraft sold in the third quarter. Pricing has held steady for the past four quarters. An adequate supply and moderate activity in Q3 lead to opportunities for both a buyer and a seller.

Citation Sovereign Market Snapshot

  • 17
  • 348
  • 5%
  • $5,595,000 - $9,000,000
  • $7,009,350
  • 216
  • 3,029
  • 7

Citation Sovereign+ Market

Current Market State for the Citation Sovereign+

“This market has achieved some degree of equilibrium, with opportunities for both buyers and sellers.”

The Citation Sovereign+ retail transactions have held steady in the third quarter when compared to Q3 of 2018. Three aircraft sold in the third quarter, which is the same as a year ago. Q3 averaged six Citation Sovereign+ aircraft for sale, which represents 7% of the active fleet. The number available for sale has steadily increased for the last four quarters. 50% of the available inventory sold in the third quarter. Pricing has declined slightly for the past two quarters. This market has achieved some degree of equilibrium, with opportunities for both buyers and sellers.

Citation Sovereign+ Market Snapshot

  • 6
  • 87
  • 7%
  • $9,750,000 - $11,200,000
  • $10,475,000
  • 203
  • 1,483
  • 3

Citation X Market

Current Market State for the Citation X

“Increasing inventory and lackluster demand makes for a good time to purchase a Citation X.”

The Citation X retail transactions have decreased in the third quarter when compared to Q3 of 2018. Six aircraft sold in the third quarter, which is two fewer than a year ago. Q3 averaged 35 Citation X aircraft for sale, which represents 11% of the active fleet. The number available for sale has increased moderately for the past three quarters with an increase of eight aircraft. 17% of the available aircraft sold in the third quarter. Pricing has steadily declined but has remained stable for the past two quarters. Increasing inventory and lackluster demand makes for a good time to purchase a Citation X.

Citation X Market Snapshot

  • 35
  • 306
  • 11%
  • $2,099,000 - $10,800,000
  • $4,168,842
  • 256
  • 7,489
  • 6