TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


Mergers & Acquisitions

The 2023 Kerrigan Dealer Survey has been released, and it appears that most auto dealers are remaining optimistic about the M&A market.

New survey: dealers mostly positive about valuations, profitability in 2024

- December 21, 2023
The 2023 Kerrigan Dealer Survey has been released, and it appears that most auto dealers are remaining positive about the buy/sell and M&A market for the coming year while others...
Asbury completes $1.2 billion acquisition of Jim Koons dealership group.

Asbury completes $1.2 billion acquisition of Jim Koons dealership group

- December 12, 2023
Asbury Automotive Group has now fully acquired Jim Koons Automotive Companies, one of the largest privately-owned dealership groups in the U.S., for $1.2 billion. The sale brings 20 dealerships representing 29...
Significant M&A activity in October and November: auto dealerships in Charlottesville, Fresno, and Cincinnati change hands.

M&A roundup: dealerships change hands in Virginia, California, Ohio and more

- December 5, 2023
The most recent Q3 2023 Haig Report from buy/sell firm Haig Partners, highlights the robust demand for car dealerships. According to the report, 2023 is on track to become the...
Typically, dealerships’ value is compromised of tangible assets. But, on today's episode of Inside Automotive, Alan Haig further elaborates.

The current state of the buy/sell market and dealerships valuations – Alan Haig | Haig Partners

- December 1, 2023
Typically, dealerships’ value is compromised of tangible assets such as cash, inventory, equipment, and goodwill. But, if dealers are looking to add or sell stores to their portfolio in the...
Haig Report Q3 2023: Unveiling robust dealership market trends, historic sales, and blue sky values in a dynamic auto industry landscape.

Strong demand for dealership acquisitions despite decline in blue sky values

- November 28, 2023
The latest Haig Report for Q3 2023 from buy/sell firm Haig Partners revealed a sustained high demand for car dealerships. The report indicates that 2023 is shaping up to be...
Sheldon Sandler joins CBT Now to discuss the crucial but often overlooked role real estate plays when attracting dealership buyers.

The role of real estate in the dealership buy-sell transaction — Sheldon Sandler | Bel Air Partners

- November 14, 2023
When it comes to selling their business, many dealers overlook a critical component of the transaction: real estate. With mergers-and-acquisitions activity still lagging behind its pre-pandemic pace, retailers will need...
Peter Thiel and Jayson Crouch join Driving Solutions to discuss falling dealership values and what they mean for retailers.

What falling dealership values mean for the future of M&A

- November 13, 2023
Dealership values remain higher than before the pandemic but have started to decline in the latter half of 2023. This has led some to feel concerned about their retirement plans...
Farid Ahmad joins Driving Solutions to discuss how today's buy-sell market has changed and its impact on multi-generational dealerships.

Why second-generation dealers are less common in today’s buy-sell market — Farid Ahmad | DSMA

- November 8, 2023
The dealership buy-sell market has changed substantially in 2023 under the weight of economic headwinds, new technologies, and uncertainty toward the future. Knowing the landscape of today's M&A sector is...
Hudson Automotive Group has signed an agreement to purchase five storefronts from Vic Bailey Automotive of Spartanburg.

Hudson Automotive Group to acquire Vic Bailey Automotive of Spartanburg

- October 24, 2023
Hudson Automotive Group is set to acquire South Carolina dealership group Vic Bailey Automotive. According to a Monday press release, the two businesses have already signed an agreement, with a purchase...
Pennsylvania-based Stewart companies will sell Apple Automotive to Ciocca Dealership in Southern Pennsylvania, according to Automotive News. 

Ciocca Dealerships is set to acquire Apple Automotive early next year

- October 20, 2023
In the first quarter of 2024, Pennsylvania-based Stewart Companies will sell Apple Automotive, which is comprised of 10 dealerships, to Ciocca Dealerships in Southern Pennsylvania, according to a new release.  CEO...


CBT News
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