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Citation Spring 2022 Market Report

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

Citation Excel Market

Current Market State for the Citation Excel

The Citation Excel retail transactions have dropped significantly in Q1 after a robust end to last year. 12 aircraft sold in the first quarter, which is eight fewer than the previous quarter, but four more than a year ago. Q1 averaged only seven Excel aircraft for sale, representing just 2% of the active fleet, and is the lowest number offered for sale since the Excel has become a mature market over 20 years ago. 171% of the available aircraft sold in the first quarter, which means that many of the aircraft sold never were advertised on the open market. Pricing has increased significantly in the past year. This presents an excellent opportunity for the seller, as inventory is scarce and prices are increasing at a record rate.

Citation Excel Market Snapshot

  • 7
  • 355
  • 2.0
  • 9,054
  • -10
  • 12

Citation XLS Market

Current Market State for the Citation XLS

After a slow fourth quarter, the XLS sales have significantly rebounded for Q1. Six aircraft sold in the first quarter, which is double the number for the previous quarter. Q1 averaged just four of the Citation XLS aircraft for sale, representing a stunning 1.2% of the active fleet. The number available for sale has increased slightly when compared to the previous quarter. 150% of the available aircraft sold in the first quarter, with a significant portion selling before being listed for sale. Pricing for the XLS has increased significantly in the past three quarters. This presents an excellent time for a seller, as inventory is limited and pricing continues to rise.

Citation XLS Market Snapshot

  • 4
  • 327
  • 1.2
  • 5,295
  • +1
  • 6

Citation XLS+ Market

Current Market State for the Citation XLS+

The Citation XLS+ is one of the few markets with inventory levels hovering around zero. Q1 averaged only one of the Citation XLS+ aircraft for sale, representing only .3% of the fleet, and is an astounding 19 fewer than a year ago. Like many markets, the number available for sale is only marginally lower than last quarter, with one fewer aircraft available. Only two aircraft, which is 200% of those available, sold in the first quarter. Pricing has increased dramatically in the past two quarters. Demand continues in the XLS+ market, and supply remains near zero. This is a market that represents an excellent opportunity for a seller, as pricing continues to rise with little to no inventory.

Citation XLS+ Market Snapshot

  • 1
  • 310
  • 0.3
  • 1,148
  • -1
  • 2

Citation Sovereign Market

Current Market State for the Citation Sovereign

The Citation Sovereign retail transactions have slowed considerably in Q1, after a record number of sales in Q4. Only four aircraft transacted last quarter, which is 13 fewer than the previous quarter, but is 100% of the availability. Q1 averaged only four Citation Sovereign aircraft for sale, which is a mere 1.2% of the fleet, and is the fewest offered in the past fifteen years. Pricing has risen significantly during the past year. This presents a tremendous time for a seller, as inventory is sparse and pricing continues to rise.

Citation Sovereign Market Snapshot

  • 4
  • 347
  • 1.2
  • 3,137
  • -4
  • 4

Citation Sovereign+ Market

Current Market State for the Citation Sovereign+

The Citation Sovereign+ market has all but ground to a halt in the past year. In fact, for over a year, there has only been one or two aircraft listed for sale at any one time. Q1 averaged just one aircraft listed for sale, which is just 1% of the active fleet. Sales also has slowed, likely due to the limited number of offerings. Two units sold in Q1, which is two fewer than the previous quarter. Pricing in this market has increased significantly in the past year. This would be a good time to sell; with almost no supply, and record high pricing.

Citation Sovereign+ Market Snapshot

  • 1
  • 98
  • 1.0
  • 1,460
  • -1
  • 2

Citation X Market

Current Market State for the Citation X

The Citation X market continues to be robust. Although down from a strong fourth quarter, activity was relatively good in Q1. Inventory levels are the lowest in nearly 20 years, with only five available, representing 1.6% of the active fleet. Eight aircraft sold in Q1, which is half of the number sold in the previous quarter, but is two more than a year ago. Pricing in this market has increased significantly in the past year. This presents an excellent time for a seller, as inventory is limited and pricing continues to rise.

Citation X Market Snapshot

  • 5
  • 304
  • 1.6
  • 7,286
  • -5
  • 8