OEM Execs Share Future Views of Auto Retail
Kerrigan Advisors’ survey of OEM executives uncovers their views on profitability, days’ supply, and the agency sales model.
Kerrigan Advisors’ survey of OEM executives uncovers their views on profitability, days’ supply, and the agency sales model.
Kerrigan Advisors finds buy/sell market hit a new high and is on track for another record year.
High number anticipate business values will fall, finds Kerrigan Dealer Survey.
MCE Automotive Group sold dealerships to North Carolina-based Anderson Automotive Group.
According to Third Quarter 2022 Blue Sky Report® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages.
Most survey respondents predict their profits will be flat or rise, though fewer expect an increase.
Despite negative economic headlines and a volatile stock market, auto retailers continued their expansion through acquisition, with buy/sells increasing 16% YOY, despite spending pullbacks by public retailers, according to the Second Quarter 2022 Blue Sky Report® by Kerrigan Advisors.
Kerrigan Advisors’ Erin Kerrigan sees a positive, record-breaking buy/sell market for 2022 and maybe into 2023.
Unprecedented 383 transactions completed in 2021, representing 830 franchises, nearly three times the pre-pandemic average, according to The Blue Sky Report by Kerrigan Advisors.
Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
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