Crystal Hartwell's Blog (397)

Auto Dealership Buy/Sell Market Sets Another Record in Q1 2021, as Dealership Earnings, Revenue, Blue Sky Values, and Market Caps Hit Unprecedented Highs

A perfect, and unique, combination of market factors - record auto sales and grosses, soaring valuations, waning pandemic crisis and potential new tax laws - fueled acquisition activity to 66 completed transactions in Q1, and an unprecedented 300 completed over the past 12 month period, according to the First Quarter 2021 Blue Sky Report® by Kerrigan Advisors

 

Incline Village, NV - June 21, 2021 – The auto…

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Added by Crystal Hartwell on June 21, 2021 at 8:06am — No Comments

CULA Partners with Metro Credit Union to Offer Vehicle Leasing in New Hampshire

 CULA caps record-setting start to year by powering vehicle leasing for Metro Credit Union, the only credit union to offer the benefits of vehicle leasing in New Hampshire

 

San Diego, CA and Chelsea, MA–June 17, 2021 – Credit Union Leasing of America (CULA) has further expanded its vehicle leasing footprint through its partnership with Metro Credit Union, which launched vehicle leasing in New Hampshire this month.…

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Added by Crystal Hartwell on June 17, 2021 at 11:32am — No Comments

eLEND Solutions and Orbee Partner to Convert More Auto Dealership Shoppers into Buyers

Innovative re-targeting technology keeps more car shoppers moving down the purchase funnel

 

IRVINE, CA - June 8, 2021 - eLEND Solutions™ and Orbee are partnering to help transform auto dealership websites into powerful deal generators, by moving more online shoppers down the purchase funnel through intelligent re-engagement technologies. eLEND Solutions is an automotive FinTech company focused on providing a simplified vehicle purchase process for the…

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Added by Crystal Hartwell on June 8, 2021 at 7:08am — No Comments

CULA Expands Into Texas, Powers InTouch Credit Union Leasing Program

InTouch Credit Union follows success of vehicle leasing program in Michigan with new Texas offering

 

San Diego, CAApril 20, 2021Credit Union Leasing of America (CULA) now offers vehicle leasing services in Texas through its partnership with InTouch Credit Union (ITCU). ITCU began offering leasing in its home state of Texas in the first quarter of 2021, closing…

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Added by Crystal Hartwell on April 20, 2021 at 10:23am — No Comments

Auto Dealership Buy/Sell Market Sets Record for Transactions with Dealer Earnings and Blue Sky Values Hitting New Heights in 2020, Particularly in Business Friendly States with High Population Growth

The 2020 Annual Blue Sky Report® by Kerrigan Advisors reveals a red-hot market, with blue sky values up 20% and over 100 transactions in the fourth quarter alone; Toyota’s blue sky multiples increase

 

Incline Village, NV, - March 22, 2021–The auto dealership buy/sell market set new records in 2020, despite starting the year with pandemic closures and lockdowns, and swept past 2015’s previous high-water…

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Added by Crystal Hartwell on March 22, 2021 at 10:26am — No Comments

Alliant Credit Union Expands Vehicle Leasing Program, Powered by CULA

Alliant opens up vehicle leasing to members in Pennsylvania

SAN DIEGO - March 11, 2021 - Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 30 years, is helping power the expansion of Alliant Credit Union’s vehicle leasing program into Pennsylvania, completing their first leases in the…

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Added by Crystal Hartwell on March 11, 2021 at 9:42am — No Comments

Kerrigan Advisors Represents Fuccillo Automotive Group in Sale

 Two high-volume Florida dealerships sold to LMP Motors.    

 

Incline Village, NV, - March 8, 2021 – Kerrigan Advisors, a leading sell-side advisory firm and thought leader to auto dealers in the US, represented and advised Fuccillo Automotive Group, one of the largest private dealership groups in the nation, in its recent sale of Fuccillo Kia of Cape Coral and Fuccillo Kia of Port Charlotte in Southwest Florida to…

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Added by Crystal Hartwell on March 8, 2021 at 8:18am — No Comments

Maus Family Automotive Partners with SureSale

Maus Family Automotive adds SureSale to all pre-owned vehicles, increasing purchaser’s peace of mind

Tampa, FL & Santa Monica, CA –  February 22, 2021 –  Maus Family Automotive today announced that it has partnered with award-winning SureSale to offer the industry’s most comprehensive vehicle report on each of its pre-owned vehicles. SureSale offers consumers transparency and confidence in their used vehicle…

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Added by Crystal Hartwell on February 22, 2021 at 11:00am — No Comments

Kerrigan Advisors Represents the Fields Auto Group in Sale of CJDR Sanford and Land Rover Orlando

 

Lithia Motors acquires dealerships in third largest Florida metro; Sale marks the 114th Kerrigan-led dealership sale since 2015, and 6th Florida sale in 13 months.

INCLINE VILLAGE, NV – February 9, 2021– Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Fields Auto Group, one of the largest dealership groups in the US, on its sale of Land Rover…

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Added by Crystal Hartwell on February 9, 2021 at 9:05am — No Comments

SureSale Increases VDP Views with Expanded Digital Merchandising for Auto Dealers

Auto dealerships using SureSale to power used vehicle sales achieve 20% lift in VDP views and marketplace leads

 

Santa Monica, CA – February 8, 2021 – SureSale, which helps auto dealers provide car buyers verification of vehicle quality and condition, has expanded its digital merchandising options to help auto dealers capitalize on their digital retail efforts and reach more used vehicle buyers online. Because SureSale’s…

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Added by Crystal Hartwell on February 8, 2021 at 9:24am — No Comments

Survey: The Pandemic Accelerated the Adoption of Digital Retailing – is that a Blessing or a Curse for Auto Dealers?

A new eLEND Solutions report shows widespread acceleration of Digital Retail adoption (80%) due to the pandemic, continued implementation (90%), a shift in perception from lead generation (47%) to deal generation (53%) and promising data on PVR – but challenges with process implementation may reduce positive impact

 

Irvine, Calif., -- February 8, 2021 – A new report from digital financing innovator eLEND Solutions reveals how the COVID-19 pandemic has…

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Added by Crystal Hartwell on February 8, 2021 at 9:17am — No Comments

AAA Inspected Launches, Powered by SureSale

AAA Inspected, powered by SureSale, independently verifies pre-owned vehicles, so consumers can trust that the vehicle they are buying is a quality vehicle

Wilmington, DE & Santa Monica, CA -- February 1, 2021 – AAA Club Alliance, Inc. (“ACA”) and SureSale, the award-winning platform(1) for quality used vehicles, today announced the launch of AAA Inspected, powered by SureSale. AAA Inspected is a new…

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Added by Crystal Hartwell on February 1, 2021 at 10:08am — No Comments

The Kerrigan Index™ Broke Records for Auto Stock Valuations in 2020

 

 After a volatile start to 2020, The Kerrigan Index out-performed the S&P and rose to all-time highs; all seven component companies hit record market capitalizations in 2020  

 

INCLINE VILLAGE, NV – January 13, 2021 – Kerrigan Advisors, a leading sell-side advisory firm and thought leader to auto dealers in the U.S., has released The Kerrigan Index for December 2020/Year in Review. Comprised of the seven…

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Added by Crystal Hartwell on January 13, 2021 at 10:58am — No Comments

SCE Federal Credit Union Partners with CULA to Offer Vehicle Leasing

 Southern California Credit Union expands leasing opportunities in the region

 

San Diego, CADecember 16, 2020Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 30 years, has joined forces with SCE Federal Credit Union to offer SCE FCU members access to vehicle leasing. 

 

SCE Federal Credit Union, which was…

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Added by Crystal Hartwell on December 16, 2020 at 10:55am — No Comments

Auto Dealership Buy/Sell Market Continued to Soar in Q3, with Record Valuations

2020 is on track to surpass 2015s record transaction levels; mega dealer transactions on the rise, dealership earnings spike blue sky values, Toyota is most valuable non-luxury franchise, according to Third Quarter 2020 Blue Sky Report® by Kerrigan Advisors

 

Irvine, CA – December 14, 2020 – After rebounding dramatically in the second quarter of 2020, the auto…

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Added by Crystal Hartwell on December 14, 2020 at 11:36am — No Comments

Sean Peoples Joins SureSale as Vice President of Sales

Veteran of CarGurus, Edmunds, LotLinx and Chrome brings record of sales and product innovation success to SureSale’s mission of helping dealerships sell more used vehicles, faster

 

Los Angeles, CA – December 9th, 2020 – SureSale, the universal standard for pre-owned vehicle quality, today announced that automotive sales and product innovator, Sean Peoples, has joined the company as Vice President of Sales. Peoples, who held…

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Added by Crystal Hartwell on December 9, 2020 at 12:12pm — No Comments

Dealers Signal Optimism for Future Franchise Values and Buy/Sell Activity

 Newly-released Kerrigan Dealer Survey shows that 33% expect an increase in their dealership valuation; 47% anticipate increase in buy/sell activity; Subaru and Toyota top valuation expectations

 

Incline Village, Nevada, November 23, 2020 – Automobile dealers are more optimistic about the valuation of their dealerships this year than last year, according to the newly-released, second annual Kerrigan Dealer Survey.  The survey…

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Added by Crystal Hartwell on November 23, 2020 at 8:03am — No Comments

Kerrigan Advisors Represents Lyle Pearson Auto Group in Sale of Boise Luxury Dealerships

 

Sale of Mercedes-Benz, Sprinter, Porsche, Jaguar, Land Rover, Volvo and Acura dealerships  highlights strong buyer demand in the mountain states; marks 111th Kerrigan-led dealership sale since 2015

 

Irvine, CA, November 19, 2020 – Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Lyle Pearson Auto Group of Boise, Idaho on its recent sale of five…

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Added by Crystal Hartwell on November 19, 2020 at 8:03am — No Comments

Kerrigan Advisors Represents Sterling Motorcars in Sale to Lithia Motors

Lithia Motors acquires Sterling Motorcars luxury brand dealerships, including BMW, MINI, Rolls-Royce Motor Cars, Lamborghini and McLaren in the Washington DC market; marks 5th multi-dealership sale for Kerrigan Advisors in 2020

 

Incline Village, NV. November 18, 2020 – Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Northern Virginia-based Sterling Motorcars on its sale of…

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Added by Crystal Hartwell on November 18, 2020 at 9:14am — No Comments

Kerrigan Advisors Represents Resnick Auto Group in Sale of Toyota Dealership

Sale of Midtown Toyota in Chicago marks the 22nd Kerrigan Advisors-led transaction in Chicago since 2018

 

Incline Village, Nevada, November 12, 2020 – Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Illinois-based Resnick Auto Group on its recent sale of Midtown Toyota in Chicago to Michigan-based Victory Automotive Group. The transaction is the 11th Toyota…

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Added by Crystal Hartwell on November 12, 2020 at 9:08am — No Comments

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