December 2024 Blog Posts (10)

Sad day for the car business

It's truly a sad day as the car business has lost an very influencer leader with the passing of Garry House.  We have been working together all year on a future project.  I will miss his intellect and…

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Added by Richard Nimphie on December 30, 2024 at 4:25pm — No Comments

Kerrigan Advisors Represents Country Auto Stores in Sale of Country Buick GMC of Leesburg

Sale of leading domestic brand in the highly desirable Washington DC market marks Kerrigan Advisors’ 284th dealership sold and 54th franchise sold in the Mid-Atlantic region since the firm’s inception

 

WASHINGTON DC – December 19, 2024 – Kerrigan Advisors, the premier sell-side advisor…

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Added by Crystal Hartwell on December 19, 2024 at 2:30pm — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Hyundai Genesis of Metairie Dealership to Matt Bowers Auto Group

Buy/sell market continues to trend towards high volume dealerships in high growth markets; marks Kerrigan Advisors’ 133rd dealership sold in the southern region since inception and 79th franchise sold in 2024

 

NEW ORLEANS, LA – December 16, 2024 – Kerrigan Advisors, the premier…

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Added by Crystal Hartwell on December 16, 2024 at 12:55pm — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Audi New Orleans to Sonic Automotive

 

Sale of New Orleans’ #1 dealership marks Kerrigan Advisors’ 282nd dealership sold, 132nd franchise sold in the Southern region and 69th luxury franchise sold since 2014; sale underscores trend of largest auto groups acquiring higher volume dealerships, as reported in Kerrigan Advisor’s Third…

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Added by Crystal Hartwell on December 13, 2024 at 2:30am — No Comments

Botdoc Launches Botdoc Connect: Advanced Secure Document Exchange Solution for Auto Dealerships

Monument, Co – (December 10, 2024) – Botdoc, the global leader in Secure Digital Transport (SDT) technologies, today announced the launch of Botdoc Connect, a digital first solution that makes the process of sharing sensitive information quicker, safer, and more convenient- by automatically populating the buyer's information securely into the dealership’s CRM.

 

Botdoc enables dealerships to safely collect and share sensitive customer information easily with…

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Added by John Sternal on December 10, 2024 at 4:30pm — No Comments

Working Together: How Auto Industry Players Are Fighting Back Against Digital Fraud

Three dealers had fallen victim to the same sophisticated fraud scheme in just one week. The story spreading through dealership break rooms across the country is becoming all too familiar. A new wave of digital payment fraud has hit the auto industry hard, with a particularly nasty scheme targeting Chinese-speaking communities through WeChat. But this time, industry veterans are taking a different approach to fighting back.

 

The Fraud Scheme That's Costing…

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Added by John Sternal on December 10, 2024 at 9:28am — No Comments

2024 Auto Dealership Buy/Sell Market on Pace for Another Record Year

 

330 buy/sell transactions, representing a record 544 franchises, were completed in first nine months of 2024, according to the Third Quarter 2024 Blue Sky Report® by Kerrigan Advisors, as more sellers came to market to capture historically high blue sky values; nearly doubling pre-covid buy/sell levels, market velocity…

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Added by Crystal Hartwell on December 10, 2024 at 8:25am — No Comments

Safeguarding Customer Data: The Critical Role of Encryption in Automotive Retail

The automotive industry faces unprecedented challenges in protecting customer data privacy. As vehicle transactions increasingly move online and dealerships collect more personal information, the need for robust security measures has never been more critical. Central to this process is the use of encryption in safeguarding customer data in automotive retail to avoid privacy breaches, and how dealerships can implement encryption to protect their customers and…

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Added by John Sternal on December 4, 2024 at 10:44am — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Audi Lafayette to Community Auto Group

 

 

 

Sale of Lafayette’s top volume luxury dealership marks Kerrigan Advisors’ 281st dealership sold since inception, and 68th luxury franchise sold since 2014; transaction illustrates continued buyer demand for high-quality, low-risk…

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Added by Crystal Hartwell on December 4, 2024 at 9:58am — No Comments

Car Pros CFO Shirley Jones Receives 2024 Women in Retail Award

Auto industry honorees were recognized at Cherokee Media Group’s Used Car Week

 

RENTON, WA – December 3, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that CFO Shirley Jones was honored with a 2024 “Women in Retail” award from Cherokee Media Group. This…

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Added by Crystal Hartwell on December 3, 2024 at 2:00pm — No Comments

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