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Crystal Hartwell's Blog (559)

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Industry’s First 3D Virtual Showroom Experience for Dealer Websites Launches

izmoEmporio’s full CGI car personalization platform engages car shoppers, increases dealership website conversion and can lower auto dealers’ cost of customer acquisition

 

Las Vegas, Nevada – March 9th, 2022 – izmocars today announced the launch of izmoEmporio, the world’s first, and only, 3D virtual showroom experience for auto dealer websites, at the 2022 National Automobile Dealers Association…

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Added by Crystal Hartwell on March 9, 2022 at 11:56am — No Comments

Survey: Auto Dealers Disconnected about Solving Digital Retailing Disconnects

Vast majority acknowledge disconnect between online/instore buying process and that digital retailing can speed up sales process, but half think 80% of process should be handled in-store, according to new eLEND Solutions survey of auto dealerships

 

Foothill Ranch, Calif., March 9, 2022 – A new survey of auto dealerships from…

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Added by Crystal Hartwell on March 9, 2022 at 11:27am — No Comments

Kerrigan Advisors Represents Earnhardt Auto Centers in Sale of Las Vegas Dealerships

Earnhardt Buick GMC and Earnhardt Mazda of Las Vegas sold to Utah-based Jerry Seiner Dealerships marking the 151st dealership sale led by Kerrigan Advisors since 2015

 

Incline Village, NV – March 3, 2022 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Phoenix, Arizona-based Earnhardt Auto Centers in its sale of Earnhardt Buick GMC and Earnhardt Mazda in Las Vegas to…

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Added by Crystal Hartwell on March 3, 2022 at 9:41am — No Comments

Kerrigan Advisors Represents Hitchcock Automotive in Toyota Dealerships Sale

Northridge Toyota and Toyota of Santa Barbara sold to Van Tuyl Companies, Puente Hills Toyota sold to Kaminsky Automotive – marking 149th dealership sale led by Kerrigan Advisors

 

Incline Village, NV –February 8, 2022 – Kerrigan Advisors, the premier sell-side advisor and thought partner to…

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Added by Crystal Hartwell on February 8, 2022 at 8:37am — No Comments

CULA Originates 50,000 Leases for $2 Billion in 2021

Indirect vehicle leasing leader contributes to credit unions’ increasing share of leasing market, achieves single-year record for lease originations through credit union partners, and enjoys exponential growth in dealer partnerships

 

San Diego, CA – January 26, 2022 – Credit Union Leasing of America (CULA) achieved $2…

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Added by Crystal Hartwell on January 26, 2022 at 10:16am — No Comments

700Credit and eLEND Solutions Partner to Help Auto Dealerships Prevent Identity/Financial Fraud

ID Drive, the industry’s most advanced data capture and driver license authentication solution, protects auto dealers, helps identify qualified buyers

 

FARMINGTON HILLS, MICH. & FOOTHILL RANCH, CA – January 18th, 2022

700 Credit, LLC, the automotive industry’s leading provider of credit reports, compliance solutions, and soft pull products, and eLEND Solutions, an automotive FinTech…

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Added by Crystal Hartwell on January 18, 2022 at 8:36am — No Comments

Auto Dealership Buy/Sell Market on Track for Another Record Year

Kerrigan Advisors projects over 350 completed transactions for 2021; historic market velocity driven by high valuations and unprecedented capital access resulting from record revenue and profitability

 

Incline Village, NV – December 16, 2021 – The auto dealership buy/sell market is on track for another record year as it continued its momentous pace in the third quarter according to the just-released Third Quarter 2021 Blue Sky…

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Added by Crystal Hartwell on December 16, 2021 at 9:37am — No Comments

Kerrigan Advisors Represents Continental Honda of Countryside in Dealership Sale

Sale of third highest volume Honda dealership in Illinois to Gerald Auto Group  

 

Incline Village, NV –December 8, 2021 – Kerrigan Advisors represented Continental Motors in its sale of Continental Honda of Countryside, Illinois to Chicago-based Gerald Auto Group. This sale marks the third transaction for Continental Motors that Kerrigan Advisors has represented since 2019 and the 143rd dealership sale led by the…

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Added by Crystal Hartwell on December 8, 2021 at 9:06am — No Comments

Kerrigan Advisors Represents Stevinson Automotive in Sale of the Largest Private Dealership Group in Denver

Sale of eight dealerships to Asbury Automotive Group marks the largest dealership group transaction in Denver’s history

 

Incline Village, NV – December 7, 2021 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Stevinson Automotive, the largest privately-owned dealership group based in Denver, Colorado, in the sale of its eight dealerships to Asbury Automotive Group. The transaction…

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Added by Crystal Hartwell on December 7, 2021 at 7:49am — No Comments

AutoBuy Expands National Footprint to Georgia

Virtual, safe and efficient vehicle appraisal and selling now available to Georgia consumers through 12 new virtual, and four bricks and mortar, locations; extends AutoBuy’s capacity to deliver fresh vehicle inventory to auto dealers

 

West Palm Beach, FL – November 30, 2021 - AutoBuy, the auto remarketing disrupter that makes it easy and safe for consumers to sell their vehicles virtually,…

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Added by Crystal Hartwell on November 30, 2021 at 10:08am — No Comments

Auto Dealers Expect Valuations and Profits to Increase in 2022

Positive momentum in auto retail and buy/sell market will continue in 2022, according to the recently-released 2021 Kerrigan Dealer Survey: 61% of dealerships expect an increase in their valuation, 79% expect profits to rise and 77% expect to acquire more dealerships over next 12 months

 

Incline Village, Nevada, November 29, 2021 – Auto dealers’ optimism about the valuation of their dealerships has doubled year-over-year, according to the…

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Added by Crystal Hartwell on November 29, 2021 at 8:36am — No Comments

84% of Auto Dealers Continue Digital Retailing Capabilities Post-Pandemic, but Fall Short of End-to-End Process

A new eLEND Solutions report reveals that auto dealers are offering digital retailing a warm, but partial, embrace: nearly half have advanced their DR ‘end point’ since COVID lockdowns, but 64% end digital path-to-purchase before F&I

Irvine, Calif., – November 16, 2021 – A new report from automotive…

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Added by Crystal Hartwell on November 16, 2021 at 10:01am — No Comments

Kerrigan Advisors Represented Priority 1 Automotive Group in its Sale to AutoNation – Largest Transaction on Record in Baltimore-Washington Market

Priority 1 sale marks the 21st group sale Kerrigan Advisors has represented since 2015

 

Incline Village, NV – November 11, 2021 – Kerrigan Advisors represented Baltimore, Maryland-based Priority 1 Automotive Group in its sale to AutoNation on November 8, 2021. The acquisition is one of the largest completed by AutoNation since 2018, and the largest on record in the Mid-Atlantic region. Kerrigan Advisors, which focuses exclusively…

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Added by Crystal Hartwell on November 11, 2021 at 9:26am — No Comments

Vehicle Leasing Surges at Credit Unions as CULA Marks Leasing Milestone

Leader in indirect vehicle leasing for credit unions marks 100,000 active leases, worth nearly $3.8 billion, as credit union members increasingly opt for leasing’s flexibility and affordability 

 

 

San Diego, CA – November 10, 2021 – Credit Union Leasing of America (CULA), the leader in indirect leasing for credit unions, announced today that its portfolio has exceeded 100,000 active leases through its credit union…

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Added by Crystal Hartwell on November 10, 2021 at 9:37am — No Comments

AutoBuy, the Automotive Remarketing Disruptor, Marks Triple Digit Growth

AutoBuy’s innovative remarketing model and efficient, virtual appraisal process for consumers results in steady stream of fresh inventory for auto dealers, driving record growth: 180% sales growth, $2 billion in inventory appraised to date, and expansion into four more states

 

 

West Palm Beach, FL – November 1, 2021 - AutoBuy is delivering fresh, high-quality…

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Added by Crystal Hartwell on November 1, 2021 at 10:14am — No Comments

Record Profits, Cash Flow and Demand Drove Historic Valuations and Transactions in Q2 Auto Dealership Buy/Sell Market

Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021 – as limited inventory and more efficient practices send dealership profits soaring 164%; historic access to capital fuels demand, and blue sky valuations tick up more than 40% from pre-COVID levels.

 

Incline Village, NV - September 20, 2021 – The auto dealership buy/sell market has hit yet another historic high, with 320…

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Added by Crystal Hartwell on September 20, 2021 at 10:17am — No Comments

CULA Expansion Continues: Launches in Utah with University Federal Credit Union Leasing Program

UFCU partners with CULA to become the only Utah-based credit union to offer the affordability and flexibility of vehicle leasing to members

SAN DIEGO, AND SALT LAKE CITY…

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Added by Crystal Hartwell on September 14, 2021 at 11:44am — No Comments

Kerrigan Advisors Represents Earnhardt Auto Centers in Sale of Two Phoenix Area Dealerships

Sale of Earnhardt Kia and Rodeo Hyundai marks 11th Top 150 Dealership Group Kerrigan Advisors has advised since 2015

 

INCLINE VILLAGE, NV – September 2, 2021– Kerrigan Advisors represented Earnhardt Auto Centers in the sale of Earnhardt Kia in Phoenix, Arizona and Rodeo Hyundai in Surprise, Arizona to Ken Garff Automotive Group. These transactions are Ken Garff’s first dealership acquisitions in the Arizona market. A long-time…

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Added by Crystal Hartwell on September 2, 2021 at 2:03pm — No Comments

Kerrigan Advisors Represents Fuccillo Automotive Group in Sale of Nissan of Clearwater

 Florida dealership sold to Morgan Auto Group, marking the 121st Kerrigan-led dealership sale since 2014

 

Incline Village, NV - August 23, 2021 – Kerrigan Advisors, a leading sell-side advisory firm and thought leader to auto dealers in the US, represented and advised Fuccillo Automotive Group in its sale of Fuccillo Nissan of Clearwater to Florida’s Morgan Auto Group. With this transaction,…

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Added by Crystal Hartwell on August 23, 2021 at 8:33am — No Comments

Kerrigan Advisors Represents Grand Junction Subaru & Grand Junction Volkswagen in Sale

Transaction marks 119th Kerrigan-led dealership sale since 2014

INCLINE VILLAGE, NV – July 28th, 2021– Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented owner Ron Bubar in the sale of Grand Junction Subaru and Grand Junction Volkswagen in Grand Junction, Colorado to Sonic Automotive (NYSE: SAH).

 

The transaction marks the 118th and 119th dealership sale that Kerrigan Advisors has…

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Added by Crystal Hartwell on July 28, 2021 at 8:00am — No Comments

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Latest Blog Posts

  • CULA Delivers $94 Million in Annual Credit Union Member Savings
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