Citation M2, Citation CJ2+, Citation CJ3, Citation CJ4
The Citation M2 market continues to be very active. Q4 saw nine sales, which was three fewer than the previous quarter. Inventory has held fairly steady for the past four quarters, with an average of 14 units listed for sale, which represents 4.6% of the fleet. Pricing has plateaued, after having seen moderate gains for six straight quarters. This is a good opportunity for both buyers and sellers, as there is ample inventory with steady pricing.
The CJ2+ market has loosened significantly. Q4 averaged the highest number listed for sale in nearly two years. There were ten aircraft available in Q4, which represents 4.5% of the active fleet. There were nine sales in Q4, which is eight more than the previous quarter, and four more than a year ago. Pricing in this market has stabilized, after moderate price gains in 2021 and 2022. This is a good opportunity for both buyers and sellers, as inventory has increased, and pricing remains steady.
The number of Citation CJ3 aircraft available for sale continues to rise. In fact, Q4 averaged the largest number of CJ3 aircraft listed for sale in two years. Q4 saw an average of 17 aircraft listed for sale, which was two more than the previous quarter. Even with the moderate gains in inventory, only 4.2% of the CJ3 market is available for sale. Ten units traded last quarter, which is one fewer than the previous quarter, and six fewer than a year ago. Pricing for this market has held steady for the past two quarters. As with some other CJ markets, this is a good opportunity for both buyers and sellers, as inventory has risen, and pricing remains stable.
The Citation CJ4 market continues to be active. Q4 averaged nine units available for sale, which is three more than last month, and the most offered for sale in nearly two years. This represents 2.7% of the active fleet. Eight sold in Q4, which is two more than the previous quarter, and off one unit from a year ago. Pricing continues to increase, after having seen moderate gains in the past seven quarters. This would be a good time to sell a CJ4, as the inventory is relatively tight, and prices are still strong.
