Citation M2, Citation CJ2+, Citation CJ3, Citation CJ4
The Citation M2 market is an active market, and the fleet has reached over 200 units. Q4 averaged 16 units on the market, which is six more than Q4, 2017. There were seven sales in Q4, which represents 3.3% of the fleet, and is the same as Q4 2017. Pricing has remained steady for the past three quarters. This would be a good time to purchase an M2, as the number for sale has increased significantly.
The number of Citation CJ2+ available for sale has remained steady when compared to Q4, 2017. In Q4 there were 13 aircraft available, which was one more than in 2017. There were 12 sales in Q4 2018, which represents 5.4% of the fleet. After remaining steady for three quarters, pricing dropped slightly in Q4. This is an excellent market for the seller, as inventory levels remain tight.
The CJ3 market continues to remain active. There was an average of 31 units available for sale this past quarter, which is 12 more than Q4, 2017. 18 units traded last quarter, five fewer than Q4, 2017, which represents 4.4% of the fleet. Pricing has remained steady for the past three quarters. This is an excellent time to purchase a CJ3, as the inventory levels are rising.
The Citation CJ4 market continues to decline in inventory. The sales activity has also been very active, with 14 retail sales in Q4, 2018, compared to five transactions a year ago. Pricing has held steady for the past three quarters. This would be a good time to either buy or sell, as there is an ample supply with good movement.