The average dealership earned $4.1 million worth of pretax profit in 2021, according to NADA data, and expert Erin Kerrigan says she expects that kind of profit will endure.
Auto dealers can expect some degree of the industry's improved financial position to continue, Kerrigan Advisors Managing Director Erin Kerrigan said Tuesday.
Click here to read the full article [may require a subscription].
Kerrigan Advisors is honored to work with auto retailers throughout the US to enhance the value of their enterprise. Learn more about our services below:
Customized and confidential sell-side services for higher value dealerships and dealership groups nationwide, with a proven record of achieving the highest sale price per transaction of any firm in the industry.
Capital raising and partnership structuring for growing dealership groups, supported by the largest investor database in the industry.
If you are a buyer in today’s market, Kerrigan Advisors welcomes the opportunity to learn about your acquisition criteria and include you in Kerrigan Advisors’ proprietary Buyer Database.
We welcome the chance to learn more about your acquisition criteria so that we can contact you in the event a client matches your investment profile.
Contact us to learn more about Kerrigan Advisors’ client services, or to have a conversation about the buy/sell market. All of our conversations are 100% confidential.