As more dealerships hit the market, buy-sell activity is continuing at a strong pace early in 2019, buy-sell advisers say.
Dealers are opting to acquire stores to add scale, shed certain franchises or exit the business while dealership values, despite some dips, remain relatively high. The brisk pace of deals also comes despite slowing new-vehicle sales, margin pressures and rising interest rates. Dealers also are making less money, with the average dealership's net pretax profit dropping 2.6 percent last year to just shy of $1.4 million, according to National Automobile Dealers Association data.
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.