Over the past 12 months, the Citation CJ1 market has shown several encouraging signs, despite a modest increase in available inventory. Inventory is up by 6 aircraft compared to a year ago, yet average asking prices have increased approximately 4%. That's a notable shift from earlier this year and suggests demand has strengthened enough to support improving values, even as buyers have more aircraft to choose from. Rather than signaling a weaker market, today's inventory levels are providing greater selection while helping create a healthier balance between buyers and sellers. That improving market is also reflected in transaction activity. Days on market have increased 32% compared to a year ago, but the pace of that increase has moderated, while retail sales have climbed to 22 aircraft over the past 12 months, averaging about 1.8 sales per month. The market has already recorded 12 retails transactions so far this calendar year, more than double where we were at this point last quarter. Those trends suggest buyers remain engaged and continue to transact when well-maintained, properly equipped aircraft become available. Looking at supply and demand, the market is currently carrying approximately 12 months of available inventory, a meaningful improvement from last quarter. While buyers continue to have a healthy selection of aircraft, the reduction in available supply indicates the market is becoming more balanced. As with many legacy light jets, maintenance history, engine program participation, avionics upgrades, and overall aircraft condition continue to play a significant role in buyer decision making. Aircraft with complete records, desirable specifications, and a well-documented maintenance history continue to command and the strongest interest. In summary, the Citation CJ1 market has strengthened over the past quarter as pricing has improved, transaction activity has increased, and supply has become more balanced. While buyers remain selective, quality aircraft continue to attract steady demand, supporting a healthier overall market than we saw just a few months ago. Based on the current market fundamentals, I would assign the Citation CJ1 an A Market Demand Rating.
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Over the past year, inventory in the Citation CJ1 market has increased, up nine aircraft from this time last year. Even with the increase in available aircraft, pricing has remained relatively stable, with values down just about 1% year over year. In terms of transaction activity, CJ1s continued to trade, though at a slightly slower pace than last year. Days on market have remained stable, at only one day more than this time last year. Over the past 12 months, there have been 15 retail transactions with one occurring in December, confirming continued buyer engagement in this segment. Based on the recent supply and demand trends, there's currently about 19 months of inventory on the market, which points to a more competitive selling environment. Markets like this tend to reward accurate positioning and thoughtful timing. In summary, this market is steady. The platform benefits from long-term support.
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Over the past 12 months, inventory in the Citation CJ1 market has increased slightly, up four aircraft year over year. As expected, that increase has led to moderate price adjustments, with values down about 5% as the market works through the additional supply. In terms of transaction activity, days on market have increased, now sitting about 38% higher than this time last year. Even with that shift, the market has remained active, with 18 retail transactions, confirming consistent buyer engagement in this segment. Buyers have more options today, but well-positioned aircraft are continuing to move through the market. So far in 2026, there have been 5 completed sales, ranging from 2000 to 2005 model year aircraft. Based on the recent supply and demand trends, the segment is carrying about 15.8 months of inventory, pointing toward a more competitive environment where positioning is key. What we continue to see in this segment is that buyers are highly focused on maintenance history, engine program participation, and avionics upgrades. In a legacy platform like the CJ1, differences in configuration and overall condition have a direct impact on buyer engagement and execution timing. In summary, this market is competitive. The CJ1 platform continues to perform well. It's a proven, efficient light jet with a broad buyer base and long-term OEM support. That underlying demand is what's sustaining transaction activity even as inventory builds. What we're seeing now is straightforward. Well-positioned aircraft continue to transact, and buyers are ready to move when the aircraft checks the right boxes.