Discover the industry’s most trusted analysis of the buy/sell market and franchise values with Kerrigan Advisors’ Blue Sky Report®, the leading valuation publication in auto retail. The report offers exclusive insights into market trends, dealership buy/sell activity and the firm’s signature franchise blue sky multiples.
The First Quarter 2025 Blue Sky Report® by Kerrigan Advisors highlights the robust buy/sell activity in 2025, driven by more sellers coming to market seeking to capture historically high blue sky values and the largest dealership groups seeking greater local and regional scale.
Despite a slower start to the year, on a trailing twelve-month basis, 423 buy/sells closed, nearly double the pre-pandemic average of 223.
Source: The Banks Report, Automotive News, Kerrigan Advisors’ Research
The Kerrigan Blue Sky Index, a highly-regarded barometer of industry franchise value, remained stable in the first quarter of 2025 and is still 70% above 2019 levels, indicating continued resilience in dealership valuations amid tariff concerns.
Source: Kerrigan Advisors
Methodology: Benchmarked to 100 at 12/31/2019.
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