Crystal Hartwell's Blog (492)

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

Car Pros Honda El Monte Achieved Best Sales Year Ever in 2023

 

Dealership ranked #6 in California for 2023; #24 in the nation, up from #40 in 2022

 

RENTON, WA – February 1, 2024 – Car Pros Automotive Group, one of the fastest growing automotive groups in the United States, announced today that Car Pros Honda El Monte delivered its best year ever selling 3,242 new Hondas,…

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Added by Crystal Hartwell on February 1, 2024 at 9:52am — No Comments

Nearly 40% of Credit Unions Expect Auto Finance Portfolio Growth in 2024, But Most Expect Liquidity Crisis to Continue through First Half of 2024

 

CUs show some optimism for the 2024 auto finance market, predicting an easing of extended loan terms and interest rates dropping, according to a new CULA survey; most CUs plan to leverage the benefits of auto dealer relationships by increasing them in 2024

 

San Diego, CA…

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Added by Crystal Hartwell on February 1, 2024 at 9:30am — No Comments

90% of Auto Dealers/Lenders Link AI-based Pricing to Inaccurate Quotes

New survey from eLEND Solutions underscores challenges of delivering accurate online payment quotes, including reduced lender transparency, mismatched desking/lender decisions, consumer-provided credit scores, all of which results in anything but ‘penny-perfect’ payment quotes

Foothill Ranch, Calif.January 31, 2024 – A new snapshot survey of auto dealers and lenders, from automotive fintech innovator eLEND Solutions,…

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Added by Crystal Hartwell on January 31, 2024 at 10:01am — No Comments

Car Pros Automotive Group Achieved Record Breaking Year in 2023

Car Pros new Kia sales reached 15,595 in 2023, bringing lifetime sales to 177,418; Car Pros Kia Glendale #1 in the nation

 

RENTON, WA – January 31, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that 2023 was its best year ever in new Kia sales, setting a record and selling a total of 15,595 vehicles, up nearly 10% year-over-year. Car Pros Kia Glendale finished #1 in the nation with 6,549 new Kias sold.…

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Added by Crystal Hartwell on January 31, 2024 at 9:29am — No Comments

Kerrigan Advisors Represents Jim Price Auto Group in Sale of Chevrolet Dealership

Sale of Jim Price’s flagship Chevrolet franchise, one of the industry’s strongest domestic brands, is final and third sale for the Virginia-based auto group, all represented by Kerrigan Advisors -- and the 23rd franchise sale in Virginia for Kerrigan Advisors since 2020

Charlottesville, VA – January 9, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Charlottesville,…

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Added by Crystal Hartwell on January 9, 2024 at 9:14am — No Comments

Mountain America Credit Union selects CULA for Indirect Vehicle Leasing

                                       

The leader in indirect vehicle leasing for credit unions further broadens its reach in the western U.S. as it partners with the tenth largest credit union in the U.S.

 

San Diego, CA & Sandy, UT – January 9, 2024 – Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 30 years, today announced that it has been selected by Utah-based Mountain…

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Added by Crystal Hartwell on January 9, 2024 at 9:06am — No Comments

Auto Dealership Buy/Sell Market Hits New High, On Track for Record Year as Dealerships Focus on Expansion through Acquisitions

Dealership buy/sells increased 11% YoY, with trailing twelve-month transactions surpassing 2021’s prior peak, according to the Third Quarter 2023 Blue Sky Report® by Kerrigan Advisors; consolidation sparked by the pandemic has yet to abate, blue sky values remain high and acquisition growth, fueled by tremendous access to capital from operations, remains impervious to interest rates

 

Incline Village, NV – December 18,…

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Added by Crystal Hartwell on December 18, 2023 at 2:42pm — No Comments

Car Pros Sponsors GSBA EQUALUX 2023 Gala and Fundraiser in Seattle

Event raised over $875,000 for the GSBA Scholarship & Education Fund; new Car Pros Workforce Development Scholarship established

 

RENTON, WA – December 4, 2023 – Car Pros, a leading automotive sales and service group headquartered in Washington, was the title sponsor of the GSBA’s EQUALUX 2023, the largest LGBTQ+ and friends gala in the Pacific Northwest. The gala raised over $875,000 for…

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Added by Crystal Hartwell on December 4, 2023 at 12:00pm — No Comments

First Heritage Federal Credit Union Partners with CULA for Vehicle Leasing

The leader in indirect vehicle leasing for credit unions partners with New York-based credit union to expand its reach in the northeastern U.S.

 

San Diego, CA & Corning, NY – November 28, 2023 – Credit Union Leasing of America (CULA) today announced that it has been selected by New York-based First Heritage Federal Credit Union to bring the affordability and flexibility of vehicle leasing to its more than 45,000 members. The partnership further…

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Added by Crystal Hartwell on November 28, 2023 at 12:50pm — No Comments

Kerrigan Advisors Represents Haron Motors in Sale of Jaguar Land Rover and Volvo Dealerships in Fresno to Unstoppable Automotive Group

Transaction highlights desirability of single point luxury, import franchises in middle market locations such as Fresno; Transaction marks Kerrigan Advisors’ 52nd top luxury franchise sold



INCLINE VILLAGE, NV – November 13, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Fresno, California-based Haron Motor Sales in the sale of Haron Jaguar, Land Rover and Volvo…

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Added by Crystal Hartwell on November 13, 2023 at 8:18am — No Comments

Kerrigan Advisors Represents Jim Price Auto Group in Sale of Virginia Hyundai and Kia Dealerships

Sale of Kia and Hyundai franchises, two of the industry’s strongest non-luxury import brands, in high-growth Charlottesville area, represents 208th dealership sale completed by Kerrigan Advisors

 

Charlottesville, VA – November 8, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Charlottesville, Virginia-based Jim Price Auto Group in the sale of Jim…

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Added by Crystal Hartwell on November 8, 2023 at 8:28am — No Comments

Majority of Dealers Optimistic About Valuations and Profits in 2024

 In spite of a generally positive outlook, more dealers expect valuations and profits to decline than in 2023; Kia projected to have highest valuation increase, while Toyota is the franchise most trusted by dealers, according to the recently released 2023 Kerrigan Dealer Survey

 

Incline Village, NV – November 6, 2023 Auto dealers remain generally positive about the valuation of their dealerships over the…

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Added by Crystal Hartwell on November 6, 2023 at 8:09am — No Comments

Kerrigan Advisors Represents Phoenix’s East Valley Nissan in Dealership Sale

Sale underscores buyer demand for high growth markets; represents 207th dealership sold by Kerrigan Advisors, the leading buy/sell advisor in Phoenix 

 

PHOENIX, AZ – October 31, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Mesa, Arizona-based East Valley Nissan, owned and operated by Greg Burk, in its sale to Phoenix, Arizona-based Courtesy Automotive Group.…

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Added by Crystal Hartwell on October 31, 2023 at 8:18am — No Comments

Kerrigan Advisors Represents Stadium Toyota in Sale to Gettel Automotive

Sale of auto retail’s most in-demand franchise represents the 206th dealership sold by Kerrigan Advisors since 2015; transaction demonstrates that buyers continue to exhibit tremendous interest in leading franchises in high-growth markets

TAMPA, FL–October 25, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Tampa, Florida-based Stadium Toyota, owned by the Parks and Couey…

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Added by Crystal Hartwell on October 25, 2023 at 6:39am — No Comments

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