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Downtown Auto Group Sells, Minus Felix

A deal to sell the Downtown L.A. Auto Group, composed of eight Figueroa Corridor car dealerships and a Nissan dealership in Carson, has closed. The buyer is Medford, Ore.-based giant Lithia Motors. The Auto Group was an important arm of longtime Downtown property owner the Shammas Group, currently led by CEO Darryl Holter. As it [...]

By |August 11th, 2017|In the News|

Kerrigan Advisors Represents Downtown LA Auto Group in Sale to Lithia Motors

Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised Downtown LA Auto Group, #55 on Automotive News’ 2016 Top 150 Dealership Group list, in its sale to Lithia Motors. This sale marks the fourth Top 100 Dealership Group that Kerrigan Advisors has represented in the last 20 months, making [...]

By |August 9th, 2017|In the News|

Lithia’s acquisition in Calif. adds $1 billion in revenue

Lithia Motors Inc. said it acquired Downtown Los Angeles Auto Group in one of the biggest buy-sell transactions of the year. The five-store addition will generate about $1 billion in annual revenue, the auto retailer said in a statement. "I believe it's the biggest deal this year in terms of revenue added to a group," said [...]

By |August 8th, 2017|In the News|

Honda of Hollywood Dealership Sold to Bakhtiari Auto Group

A Hollywood car dealership that was owned by the same family for almost 60 years has been sold for an undisclosed amount, according to Irvine auto sales advisory firm Kerrigan Advisors. Patricia, Don and Bill Robertson sold their Honda of Hollywood dealership to Bakhtiari Auto Group of San Jose, Kerrigan announced Tuesday. Kerrigan advised the [...]

By |July 18th, 2017|In the News|

Kerrigan Advisors Represents Honda of Hollywood in its Sale to Bakhtiari Auto Group

Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised Honda of Hollywood, one of Southern California’s oldest Honda dealerships, in its sale to Bakhtiari Auto Group. Honda of Hollywood is owned by Patricia, Don, and Bill Robertson. With this acquisition, Bakhtiari Auto Group will own eight dealerships in [...]

By |July 18th, 2017|In the News|

Kerrigan Advisors Expands Team: Names Mercedes Hendricks as Vice President

Kerrigan Advisors, the leading buy/sell advisory firm to auto dealers in the US, today announced that Mercedes Hendricks has joined the firm as Vice President. Hendricks brings extensive CPA-level expertise and a deep understanding of the dealership industry to the company, which is the most active sell-side advisor in the industry. Hendricks will work directly [...]

By |July 10th, 2017|In the News|

Amidst Industry Turmoil and Diverging Viewpoints, Buy/Sell Momentum Continues

The first quarter of 2017 was framed by conflicting economic and industry data.  On the one hand, unemployment dropped to 4.4%, average wages increased 2.5%, and home prices continued to rise.  Auto retail also posted strong quarterly sales, marching toward another 16-17 million unit sales year, though tracking behind last year’s record. Even with this [...]

By |July 7th, 2017|In the News|

JLR buy-sells get more complicated

Late last year Jaguar Land Rover thought a consolidation in the Chicago area was a done deal. A Jaguar dealer was set to sell his store to a Land Rover dealer across town. But in January, the two retailers hit a wall in their negotiations. The deal froze. JLR wanted it done, so it called [...]

By |June 19th, 2017|In the News|

Rising Dealership Real Estate Prices and Private Sector Spending Offset Slight Decline in Blue Sky Values, according to The Blue Sky Report® released by Kerrigan Advisors

Kerrigan Advisors report for Q1 2017 reveals robust dealership buy/sell activity in 2017 with dealership valuations remaining high, even as auto sales slow; private buyers dominate buy/sell market as publics focus on non-US acquisitions Buy/Sell auto dealership activity remains robust for the first quarter of 2017, in spite of slowing auto sales and a slight dip in Blue Sky Values, all of [...]

By |June 5th, 2017|In the News|

Kerrigan: Buy/Sell Activity Remains Robust in Q1

Despite slowing auto sales and a slight dip in Blue Sky Values — all of which were offset by high dealership real estate prices — dealership buy/sell activity remained robust in the first quarter, according to Kerrigan Advisor’s The Blue Sky Report. Outpaced by the privates in acquisition activity, publics are directing their focus to non-U.S. [...]

By |June 5th, 2017|In the News|