While blue sky values evidently are becoming harder to assess, most dealers who participated in the 2022 Kerrigan Dealer Survey have strong optimism about the valuation of their dealerships heading into 2023.
Spartan Auto Group has sold its Spartan Toyota, Wolverine Toyota and Lexus of Ann Arbor to Germain Automotive Partnership and has sold its Lexus of Lansing store to Serra Automotive.
It’s still early in the fourth quarter of 2022, but the pace of mergers and acquisitions happening among dealerships remains on a brisk pace with nine rooftops involved in actions announced this week.
Especially if you are a regular consumer of Auto Remarketing content, you might agree with Kerrigan Advisors that the auto dealership buy/sell market is on track for another record year.
Kerrigan Advisors Represents Earnhardt Auto Centers in Sale of Two Phoenix Area Dealerships apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.