Tuesday, 15 December 2020 21:28

Dealership Buy/Sell Market on Pace for New Record

Written by Auto Remarketing Staff


...the amount recorded during the first nine months of 2019, according to data from The Banks Report, Automotive News and Kerrigan Advisors’ research.


Despite periods of retail disruption due to COVID-19, Kerrigan pointed out that 2020 thus far has achieved the highest level of transaction activity since 2015.


“Of particular note were the high numbers of multi-dealership transactions completed in Q3, including mega dealer transactions, representing 25% of the buy/sell market for the first nine months of the year. We expect this trend to continue into 2021,” said Kerrigan, whose firm advised on the sale of 22 dealerships during the past quarter.


According to the Blue Sky Report, public and private dealership valuations exceeded prior highs.


We thank Auto Remarketing for reprint permission.


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