Crystal Hartwell's Blog (438)

Auto Dealers (Cautiously) Optimistic About Profits and Valuations in 2023

A positive outlook by the majority of dealers is tempered by a rising minority who think valuations and profits will decline, according to the recently released 2022 Kerrigan Dealer Survey.

 

Incline Village, NV – November 7, 2022 Auto dealers’ optimism about the valuation of their dealerships remains strong headed into 2023, according to the newly-released…

Continue

Added by Crystal Hartwell on November 7, 2022 at 8:32am — No Comments

Kerrigan Advisors Represents Spartan Auto Group, Criscuolo Family in Sale of Four Michigan Toyota and Lexus Dealerships

Sale of two Toyota and two Lexus dealerships marks the 170th transaction led by Kerrigan Advisors, the leading advisor to Toyota and Lexus dealers nationwide since 2015

Incline Village, NV – November 1, 2022 –– Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Spartan Auto Group and the Criscuolo family in its sale of Toyota and Lexus dealerships in Central and Southeastern…

Continue

Added by Crystal Hartwell on November 1, 2022 at 8:39am — No Comments

Dealers Report Dramatic Increase in Identity Fraud: Most Lack Effective Protection

Identity fraud has increased at 84% of dealerships, with 60% losing three or more vehicles in the last year; dealers blame increasing digitization of deal, but only one-third report adequate fraud protections, according to new eLEND Solutions survey of auto dealerships

 

Foothill Ranch, Calif., October 25, 2022 –…

Continue

Added by Crystal Hartwell on October 25, 2022 at 6:13am — No Comments

Kerrigan Advisors Represents Baxter Automotive Group in Sale of Four Nebraska Dealerships

Transaction marks the 166th transaction led by Kerrigan Advisors since 2015, and their 6th multi-dealership sale in 2022

 

Incline Village, NV – October 20, 2022– – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Baxter Automotive Group in its sale of four Chrysler Dodge Jeep Ram dealerships (CDJR): Baxter of Omaha, Baxter of Papillion, Baxter of Bellevue, Baxter of Lincoln. The…

Continue

Added by Crystal Hartwell on October 20, 2022 at 8:21am — No Comments

Kerrigan Advisors Represents Sun Motor Cars of Chicago in Sale of Mercedes-Benz and Sprinter Dealerships in Chicago

Fields Auto Group acquires coveted luxury dealerships; sale marks the 161st and 162nd Kerrigan-led dealership sale since 2015, and fifth multi-dealership transaction in 2022

Incline Village, NV – October 19, 2022 – Kerrigan Advisors, the premier sell-side advisory firm to auto dealers in the US, represented and advised Sun Motor Cars of Chicago, owned by Daniel Sunderland and David Nocera on the sale of Mercedes-Benz &…

Continue

Added by Crystal Hartwell on October 19, 2022 at 11:15am — No Comments

Auto Dealership Buy/Sell Market Hits Another Record in First Half of 2022: Valuations Climb with Profits, Liquidity Drives Demand

 

 

Despite negative economic headlines and a volatile stock market, auto retailers continued their expansion through acquisition, with buy/sells increasing 16% YOY, despite spending pullbacks by public retailers, according to the Second Quarter 2022 Blue Sky…

Continue

Added by Crystal Hartwell on August 31, 2022 at 8:21am — No Comments

FrogData Launches Data-Driven Decision Making for Everyday Business Operations

FrogData announced its new Decision Analytics Platform (FDAP) at the Gartner® Data & Analytics Summit 2022; it brings the power of an integrated and fully-managed decision analytics platform to operational managers at large and small organizations

Orlando, FL – August 22nd, 2022 – FrogData today announced, at the Gartner Data & Analytics Summit, the launch of FrogData Decision Analytics Platform…

Continue

Added by Crystal Hartwell on August 22, 2022 at 1:15pm — No Comments

izmocars Launches izmoauto, a Multilingual Customizable Digital Retail Platform

izmoauto helps dealers market their brand directly with a customized multi-language website, expanding their reach into the fast-growing Hispanic market



San Francisco, CA – August 17, 2022 – izmocars today announced the launch of the izmoauto digital Retail Platform, designed to help auto dealers meet and engage today’s customers who are increasingly doing more of their car…

Continue

Added by Crystal Hartwell on August 17, 2022 at 12:09pm — No Comments

CULA and Affinity Federal Credit Union Partner to Offer Leasing Program

CULA expands its footprint in one of the top leasing markets with the largest credit union headquartered in New Jersey to offer comprehensive car leasing solutions

 

San Diego, CA, and Basking Ridge, NJ – August 2, 2022 – Credit Union Leasing of America (CULA) announced today that it has partnered with Affinity Federal Credit Union (“Affinity”), one of the nation’s largest credit unions, to bring the affordability and flexibility of…

Continue

Added by Crystal Hartwell on August 2, 2022 at 1:24pm — No Comments

Kerrigan Advisors Represents Holmes Auto Family in Sale of Shreveport, Louisiana Group of Five Dealerships

Holmes Honda Shreveport and Honda Bossier City sold to Community Auto Group and Mercedes-Benz and Sprinter of Shreveport, Jaguar Land Rover Shreveport and Holmes Volvo Cars of Shreveport sold to Group 1 Automotive

 

Incline Village, NV – July 13, 2022– Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Shreveport, Louisiana-based Holmes Auto Family in the sale of Holmes Honda Shreveport…

Continue

Added by Crystal Hartwell on July 13, 2022 at 9:50am — No Comments

Kerrigan Advisors Represents Alan Jay Automotive Network in Sale of Sebring Toyota and St. Petersburg Maserati & Alfa Romeo Dealerships

These are the 12th and 13th Florida dealerships sold by Kerrigan Advisors since 2015, making it the most active sell-side advisor in the state.

 

Incline Village, NV – July 12, 2022 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Alan Jay Automotive Network in its sale of Alan Jay Toyota in Sebring and Maserati & Alfa Romeo of St. Petersburg in Florida. Alan Jay Toyota was sold…

Continue

Added by Crystal Hartwell on July 12, 2022 at 10:13am — No Comments

Enterprise Analytics Grow Dealership Group’s Used Vehicle Profits 54%

 New case study illustrates how a Virginia dealership group leveraged historical and aggregated data reports from FrogData to optimize used vehicle acquisition strategy, increasing franchise trade-in profits by nearly 70%

 

San Francisco, CA – July 6, 2022 – A new auto dealership…

Continue

Added by Crystal Hartwell on July 6, 2022 at 11:31am — No Comments

WarrantyMind Speeds Warranty Claims into Cash Flow for Auto Dealers

Data-driven warranty claims processing speeds up filing, increases accuracy and timely reimbursement, while lowering fixed costs

San Francisco, CA – June 21, 2022 – FrogData has launched WarrantyMind, a data platform for warranty claims processing that solves critical warranty administration problems at dealerships. The WarrantyMind platform integrates with the DMS, enabling warranty experts to file…

Continue

Added by Crystal Hartwell on June 22, 2022 at 8:15am — No Comments

CULA Launches Leasing Program with UNIFY Financial Credit Union

One of the nation's leading credit unions, and the official credit union of champion football team the Los Angeles Rams, partners with CULA to offer its So Cal members the many benefits of vehicle leasing

 

San Diego, CA, and Allen, TX – June 22, 2022 – Credit Union Leasing of America (CULA) today announced that partner UNIFY Financial Credit Union (UNIFY) has successfully launched its indirect vehicle leasing program in Southern…

Continue

Added by Crystal Hartwell on June 22, 2022 at 8:12am — No Comments

Auto Dealership Buy/Sell Market Starts Strong in 2022, Outpacing First Quarter 2021: Dealership Confidence Remains High Despite Looming Economic Headwinds

Blue sky values rise driven by record first quarter dealership profits; growth in fixed operations expected to counteract potentially softening consumer demand, bolstering dealership confidence and profits; continued buy/sell market and valuation strength expected in 2022, especially for Lexus and Toyota, according to the First Quarter 2022 Blue Sky Report® by Kerrigan…

Continue

Added by Crystal Hartwell on June 20, 2022 at 9:47am — No Comments

Kerrigan Advisors Represents Fuccillo Automotive Group in Sale of Fuccillo Kia of Clermont

Orlando-area dealership sold to Morgan Automotive Group, marking the 155th Kerrigan-led dealership sale since 2015

Incline Village, NV – June 8, 2022 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Fuccillo Automotive Group in the sale of Fuccillo Kia of Clermont to Florida’s Morgan Automotive Group, one of the fastest growing and largest private dealership groups in…

Continue

Added by Crystal Hartwell on June 8, 2022 at 10:17am — No Comments

Auto Dealership Buy/Sell Transactions Soar in 2021 with Record Dealership Valuations, Revenue, and Profits, Accelerating Industry Consolidation

Unprecedented 383 transactions completed in 2021, representing 830 franchises, nearly three times the pre-pandemic average, according to The Blue Sky Report® by Kerrigan Advisors, which predicts blue sky values will continue to hit new records in 2022 as earnings skyrocket in the first quarter, super-charging industry consolidation

 

Incline Village, NV – April 4, 2022– The auto dealership…

Continue

Added by Crystal Hartwell on April 4, 2022 at 8:05am — No Comments

FrogBI Enterprise Analytics Toolkit Launches: Unlimited Data Intelligence for Dealers

Innovative enterprise analytics toolkit from izmocars’ FrogData, aggregates data from ALL dealership sources, with intelligent data augmentation to help dealers work smarter and more efficiently

 

Las Vegas, Nevada – March 10, 2022 – izmocars announced today, at the 2022 National Automobile Dealers Association (NADA) Show, the launch of FrogBI Enterprise Analytics Toolkit, an innovative AI-powered tool that aggregates data…

Continue

Added by Crystal Hartwell on March 10, 2022 at 11:21am — No Comments

Customer Gateway Launches: Helps Bridge Digital Retail’s Online to In-store Gap

eLEND Solutions’ new platform is designed to accelerate transactions, remove online-to-in-store information disconnects and enable customers to do more remotely.

 

Las Vegas, Nevada– March 10, 2022 eLEND Solutions, an automotive FinTech company focused on accelerating ‘transactional’ digital buying experiences, today announced at The NADA Show 2022, the launch of Customer Gateway, a certified, secure…

Continue

Added by Crystal Hartwell on March 10, 2022 at 10:09am — No Comments

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…

Continue

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

Monthly Archives

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

© 2022   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service