Crystal Hartwell's Blog (566)

Car Pros Donates Back-To-School Supplies to Local Students

 

Automotive group collects thousands of school supplies and hundreds of backpacks at its dealerships in Western Washington and Southern California to distribute in the communities they serve

 

RENTON, WA – September 18, 2024 – “Car Pros Cares,” the charitable arm of the Car…

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Added by Crystal Hartwell on September 18, 2024 at 10:50am — No Comments

Auto Dealership Buy/Sell Market Hits All-Time Record in First Half of 2024, Nearly Double Pre-Pandemic Average

204 transactions, representing a record 381 franchises, were completed in the first half of 2024, according to the Second Quarter 2024 Blue Sky Report® by Kerrigan Advisors; activity was largely driven by an increase in sellers seeking to capture strong blue sky values and well-capitalized buyers

 

Incline Village, NV – September 9, 2024 – The auto dealership buy/sell market experienced an all-time record in the first half of 2024,…

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Added by Crystal Hartwell on September 9, 2024 at 10:30am — No Comments

Kerrigan Advisors Represents Sunrise Auto Group in Sale of Memphis Dealership to Jim Keras Automotive

 

Sale of #2 volume Buick GMC dealership in strong auto retail market reinforces continued demand for dealerships in the South; transaction marks Kerrigan Advisors’ 277th dealership sale, 85th since 2020 in the Southern region

 

MEMPHIS, TN – August 28, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Memphis, Tennessee-based…

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Added by Crystal Hartwell on August 28, 2024 at 9:30am — No Comments

Kerrigan Advisors Represents Asbury Automotive Group in Sale of Atlanta-based Nalley Chevrolet

Sale of leading domestic brand in high-growth market highlights ongoing buyer demand in the Southern region; transaction represents the 276th dealership sold by Kerrigan Advisors since inception and 70th franchise sold year-to-date

 

ATLANTA, GEORGIA– August 13, 2024 –…

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Added by Crystal Hartwell on August 13, 2024 at 10:29am — No Comments

Kerrigan Advisors Names Chris Gempton as Senior Vice President, Sell-Side Advisory, Opening the Firm’s First Florida Office

 

Gempton brings nearly two decades of automotive experience, including 13 years at AutoNation leading acquisitions and divestitures for the company; will expand Kerrigan Advisors’ footprint with the opening of a new office in Miami, Florida

 

Miami, FL   August…

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Added by Crystal Hartwell on August 12, 2024 at 10:47am — No Comments

Car Pros Dealerships Certified as J.D. Power 2024 U.S. Dealers of Excellence

 

Four Car Pros dealerships certified based on achievement of high scores from automotive manufacturer customer research and completion of an in-dealership best practices verification visit

 

RENTON, WA – August 6, 2024 – Demonstrating commitment to exceeding customer…

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Added by Crystal Hartwell on August 6, 2024 at 10:21am — No Comments

The Vast Majority of OEMs are Making Contingency ICE Production Plans as EV Sales Miss Projections, but are Increasingly Optimistic about Health of US Auto Retail Industry

2024 Kerrigan OEM Survey finds OEMs expect sales to increase and earnings to normalize at higher levels over the next 12 months, despite high interest rates and affordability challenges; majority of OEMs developing ICE production contingency plans as electric vehicle (“EV”) demand softens and EV sales expectations wane…

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Added by Crystal Hartwell on July 29, 2024 at 11:49am — No Comments

Car Pros Tops List of LGBTQ-owned Companies in Puget Sound

Puget Sound Business Journal Ranks Top 20 Largest LGBTQ+ Owned Companies in the Region for 2024

 

RENTON, WA – July 16, 2024 – Car Pros Automotive Group, one of the fastest growing automotive groups in the United States, today announced that it ranked #1 on the list of Top 20 largest LGBTQ+ owned companies by…

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Added by Crystal Hartwell on July 16, 2024 at 9:33am — No Comments

Auto Dealership Buy/Sell Market Begins 2024 with Record Transactions, on Track to Nearly Double Pre-Covid Average

Dealership buy/sell transactions increased to a record 403 in the trailing twelve months as of March according to the First Quarter 2024 Blue Sky Report® by Kerrigan Advisors, driven by a rise in the number of sellers coming to market, providing buyers more options for capital deployment

 

Kerrigan Advisors introduces the Kerrigan Blue Sky Index

 

Incline Village, NV – June 24, 2024 – The auto dealership…

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Added by Crystal Hartwell on June 24, 2024 at 10:21am — No Comments

Kerrigan Advisors Represents San Antonio, Texas-Based Alamo Toyota and Houston, Texas-Based Tejas Toyota in Sale

 

 

Sale of the top selling brand in San Antonio and Houston highlights buyers continued interest in leading franchises in high-growth markets; transaction represents the 17th franchise sold by Kerrigan Advisors in Texas in the last 12…

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Added by Crystal Hartwell on June 18, 2024 at 1:03pm — No Comments

Kerrigan Advisors Represents Ken Garff Automotive Group in Sale of Houston CDJR Dealership to Keating Auto Group

Sale of Northwest Chrysler Dodge Ram Jeep in Houston underscores demand for dealerships in high-growth, densely populated markets; Kerrigan Advisors leads the industry in buy/sell transactions, particularly in Texas – 17 franchises sold in 12 months

HOUSTON, TX – June 17, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Salt Lake City, UT-based Ken Garff Automotive Group, the…

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Added by Crystal Hartwell on June 17, 2024 at 12:08pm — No Comments

Kerrigan Advisors Represents Sunrise Auto Group in Sale of Two Memphis Dealerships to Lithia Motors

Sale of top volume Buick GMC and Chevrolet dealerships in Tennessee underscores the strong buyer demand in high-growth, business friendly markets in the Southern region; transaction marks Kerrigan Advisors’ 273rd dealership sale

 

MEMPHIS, TN – June 11, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Memphis, Tennessee-based Sunrise Auto Group in the sale of Sunrise…

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Added by Crystal Hartwell on June 11, 2024 at 10:46am — No Comments

Kerrigan Advisors Represents Gosch Auto Group in Sale of Gosch Toyota Dealership

Sale of Inland Empire Toyota dealership underscores strength of the industry’s most in-demand franchise in California’s fastest growing region; transaction marks Kerrigan Advisors’ 264th dealership and 31st Toyota franchise sale

 

INCLINE VILLAGE, NV – May 22, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented California-based Gosch Auto Group in the sale of…

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Added by Crystal Hartwell on May 22, 2024 at 11:51am — No Comments

Car Pros Automotive Group Ranks 48th in the 2024 Automotive News List of Top 150 Dealer Groups

Marks the second consecutive year Car Pros is ranked in the top 50; the group, which represents Kia, Hyundai, Honda, BMW and MINI, is 4th in the nation in sales per rooftop

 

RENTON, WA – April 17, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that it ranked 48th in the 2024…

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Added by Crystal Hartwell on April 17, 2024 at 12:54pm — No Comments

Auto Dealership Buy/Sell Market Achieves New Transaction Record in 2023, Surpassing 2021 Peak; Valuations Remain at All Time Highs for Top Franchises in High Growth Markets

Dealership buy/sell transactions increased 6% YoY according to the Annual 2023 Blue Sky Report by Kerrigan Advisors; 680 franchises sold in 2023, an increase of 5.4% compared to 2022, defying broader corporate M&A trends

 

Incline Village, NV – April 9, 2024 – The auto dealership buy/sell market experienced a record year of buy/sell activity with 397 completed dealership transactions, up 6% compared to 2022, according to the just-released…

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Added by Crystal Hartwell on April 9, 2024 at 12:43pm — No Comments

Car Pros Honda El Monte Honored with Honda Masters Circle Award for Second Consecutive Year

Dealership recognized as one of the nation’s top 50 Honda dealerships

 

El Monte, CA – April 3, 2024 – Car Pros Honda El Monte has received the 2023 Honda Masters Circle award from American Honda Motor Co., Inc., for the second year in a row, in recognition of being one of…

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Added by Crystal Hartwell on April 3, 2024 at 12:08pm — No Comments

CULA Selected by Citadel Credit Union for Indirect Vehicle Leasing

Credit Union Leasing of America further extends its reach in Pennsylvania, bringing the benefits of vehicle leasing to more consumers in the US

 

San Diego, CA & Exton, PA – April 2, 2024 – Credit Union Leasing of America (CULA) has been selected by Citadel Credit Union to bring the benefits of indirect vehicle leasing to its credit…

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Added by Crystal Hartwell on April 2, 2024 at 1:29pm — No Comments

Car Pros’ Shirley Jones Recognized with “Women Paving the Way” Award

 

CDK Global Award recognizes Jones as an outstanding female leader in the automotive industry

 

RENTON, WA – March 19, 2024 – Car Pros Automotive Group today announced that CFO Shirley Jones has been recognized with a 2024 “Women Paving the Way” award from CDK…

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Added by Crystal Hartwell on March 19, 2024 at 11:06am — No Comments

Credit Union Leasing of America Experienced Double-Digit Growth in 2023

In a challenging auto finance environment, CULA grew its portfolio as well as Credit Union and Dealer Partners, while expanding national footprint

 

San Diego, CA – February 29, 2024 – Credit Union Leasing of America (CULA) experienced double-digit growth in its portfolio, credit union and dealer partners in 2023, even in the face of a challenging auto finance environment, the company announced today. CULA drove 24% growth in credit…

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Added by Crystal Hartwell on February 29, 2024 at 10:31am — No Comments

Kerrigan Advisors Represents RRR Automotive Group in Sale to Group 1 Automotive

Transaction expands Group 1’s presence in the Washington-Baltimore metropolitan region; represents Kerrigan Advisors’ 50th franchise sold in the Mid-Atlantic since 2020, making the firm the undisputed leader in dealership sell-side advisory in the region

COLLEGE PARK, MD – February 13, 2024 –…

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Added by Crystal Hartwell on February 13, 2024 at 8:32am — No Comments

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