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‘Explosive profitability’ ignites buy-sells

The number of dealerships sold in the second quarter shot up, as did store valuations, according to two industry reports. Buy-sell experts expect an even busier end to the year.

Dealership buy-sell activity, building off a brisk pace that began in late 2020, ramped up in the second quarter and appears primed to reach new heights for the remainder of 2021 thanks to rising dealership profitability, improved access to capital and increased activity from the publicly traded auto retailers.

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