IN THE NEWS
As the leading auto dealership brokerage firm in the auto retail industry, Kerrigan Advisors is often quoted in top industry publications, such as Automotive News and the Wall Street Journal. Our team includes recognized experts in auto dealership buy/sells, real estate, and valuation.
This year's buy-sell activity is expected to outpace 2016's in volume -- if sellers continue to come to market and prices drop, buy-sell advisers say. "We have projected this to be the most active buy-sell market in history," said Erin Kerrigan, managing director of Kerrigan Advisors in Irvine, Calif. Kerrigan [...]
AutoNews TV featured Erin Kerrigan from her interview with Tom Worbec. Watch the video:
The complex and symbiotic relationship between dealers and manufacturers is a unique element of the U.S. auto retail industry. Now 100 years strong, this relationship has resulted in one of the largest and most dynamic retail industries in the world, providing American consumers an incredible array of choices and immediate [...]
Some investors in the market to buy dealerships go for “trophy” stores representing luxury brands such as Mercedes-Benz, BMW, Lexus and Jaguar. But needless to say, those facilities come with premium prices that can scare off prospective investors. “There are more capital risks,” says Erin Kerrigan, the head of Kerrigan [...]
Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised Edmark Superstore, one of Idaho's highest volume selling dealerships, in its sale to Kendall Auto Group. The Edmark Superstore is co-owned by David Edmark and Jim Chalfant. Edmark Superstore’s franchises include Chevrolet, Cadillac, Buick, [...]
Kerrigan Advisors represented and advised the Ron Tonkin Dealerships, Portland's largest auto dealership group, in its sale to Gee Automotive Companies. This transaction will create one of the nation’s top 50 dealership groups. Kerrigan Advisors, headed by Erin and Ryan Kerrigan, has now represented three of the top 100 dealership [...]
Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised the Ron Tonkin Dealerships, Portland's largest auto dealership group, in its sale to Gee Automotive Companies. This transaction will create one of the nation’s top 50 dealership groups1. The Ron Tonkin Dealership Group, founded [...]
Consolidation among large dealership groups continues going into 2017. The George Soros-backed McLarty Automotive Group snapped up Asbury Automotive Group Inc.'s stores in Arkansas last week. Meanwhile, Gee Automotive Cos., of Spokane, Wash., agreed to buy much of the larger Ron Tonkin Family of Dealerships, of Portland, Ore. Look for [...]
Kerrigan Advisors today announced that The Kerrigan Auto Retail Index was up 11.66% in the month of November, significantly outperforming the broader S&P 500 Index by 240.9%. With no earnings announcements or other major industry events, The Kerrigan Auto Retail Index attributes the rise to the election of Donald Trump. [...]
Look for deep-pocketed buyers to snatch up more dealership groups over the next 12 months and for foreign investors and outsiders to scope out the U.S. auto retailer landscape. Those are two trends buy-sell experts noted in quarterly reports released last week. In the first nine months, there were 172 [...]
Dealership buy sell activity slows in Jan-Sept as buyers anticipate tax breaks under Trump administration
Dealership buy sell activity in the first nine months of 2016 slowed to 172 transactions compared to 184 in the same period in 2015 as buyers held off completing transactions in anticipation of a tax reduction under the incoming Trump administration, says the just-released Blue Sky Report from Kerrigan Advisors.