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Citation Quarterly Market Report – Spring 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 first quarter when compared to Q1 of 2018. Five aircraft sold in the first quarter, which is also on par with a year ago. Q1 averaged 16 Excel aircraft for sale, which represents only 5% of the active fleet. The number available for sale has decreased significantly over the past three quarters with a decrease of 11 aircraft. 31% of the available aircraft sold in the first quarter. Pricing has firmed up, with a modest increase in the fourth 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

  • 16
  • 365
  • 5%
  • $2,047,500-$3,200,000
  • $2,708,105
  • 279
  • 6,834
  • 5

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 been down slightly in the first quarter when compared to Q1 of 2018. Three aircraft sold in the first quarter, which is one fewer than a year ago. Q1 averaged 13 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. 23% of the available aircraft sold in the first quarter. Pricing for the XLS has held steady for the past two quarters. Like the Excel, a dwindling supply of aircraft is advantageous to a seller.

Citation XLS Market Snapshot

  • 13
  • 328
  • 4%
  • $3,995,000-$4,695,000
  • $4,341,113
  • 187
  • 3,925
  • 3

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 first quarter, when compared to Q1 of 2018. Two aircraft sold in the first quarter, which is one fewer then a year ago. Q1 averaged 13 of the Citation XLS+ aircraft for sale, which represents just 5% of the active fleet. The number available for sale has steadily increased for the past three quarters with an increase of six aircraft in the past two quarters. 15% of the available aircraft sold in the first quarter. Pricing continues to remain flat after increasing slightly in Q4. 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

  • 13
  • 256
  • 5%
  • $5,599,000-$7,995,000
  • $7,065,333
  • 64
  • 1,365
  • 2

Citation Sovereign Market

Current Market State for the Citation Sovereign

“An adequate supply and light activity in Q1 lead to buying opportunities for a Sovereign.”

The Citation Sovereign retail transactions have decreased significantly in the first quarter, when compared to Q1 of 2018. Only two aircraft sold in the first quarter, which are seven fewer then a year ago. Q1 averaged 18 Citation Sovereign aircraft for sale, which represents only 5% of the active fleet. The number available for sale is nearly half of what it was a year ago. Only 11% of the available aircraft sold in the first quarter. Pricing has held steady for the past two quarters. An adequate supply and light activity in Q1 lead to buying opportunities for a Sovereign.

Citation Sovereign Market Snapshot

  • 18
  • 348
  • 5%
  • $4,995,000-$9,000,000
  • $6,667,400
  • 91
  • 3,887
  • 2

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 first quarter, when compared to Q1 of 2018. One aircraft sold in the first quarter, which is the same as a year ago. Q1 averaged five Citation Sovereign+ aircraft for sale, which represents 6% of the active fleet. The number available for sale has vacillated between three and five for the past eight quarters. Pricing has remained stable for the past two quarters. This market has achieved some degree of equilibrium, with opportunities for both buyers and sellers.

Citation Sovereign+ Market Snapshot

  • 5
  • 82
  • 6%
  • $11,200,000-$11,950,000
  • $11,575,555
  • N/A
  • 1,181
  • 1

Citation X Market

Current Market State for the Citation X

“Demand continues in the Citation X market, but supply is decreasing. This represents a great opportunity for a seller but aircraft pricing is key.”

The Citation X retail transactions have increased in the first quarter, when compared to Q1 of 2018. Eight aircraft sold in the first quarter, which is two more then a year ago. Q1 averaged 28 Citation X aircraft for sale, which represents 9% of the active fleet. The number available for sale has decreased moderately for the past six quarters with a decrease of nine aircraft. 29% of the available aircraft sold in the first quarter. Pricing has declined over the past several quarters. Demand continues in the Citation X market, but supply is decreasing. This represents a great opportunity for a seller but aircraft pricing is key.

Citation X Market Snapshot

  • 28
  • 307
  • 9%
  • $2,225,000-$10,800,000
  • $4,577,529
  • N/A
  • 6,610
  • 8