Dealership consolidation likely will continue at a rapid clip this year, as smaller retailers face increasing challenges from large competitors and are tempted by record-high valuations, according to a buy-sell expert.
Buy-sell activity was expected to hit a record last year and "is likely to continue at today's high pace primarily due to buyer demand," Ryan Kerrigan, a managing director of Kerrigan Advisors, an Irvine, Calif., sell-side firm, said during a presentation recorded in December and shown Wednesday during the NADA Show.
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