A survey of franchise dealers showed a majority expect their business to increase in value or stay the same over the next 12 months.
Kerrigan Advisors released results from its first annual dealer survey. The survey was designed to gauge dealer sentiment about the future value of their businesses, as well as their perspective on franchise valuations. The survey queried 650 franchised auto dealers and found that 86 percent expect their business’ value to increase or remain the same in the next 12 months. Specifically, 60 percent of respondents were confident in the stability of their current valuation, while 26 percent expected their valuation to increase, with only 14 percent anticipating a decrease.