Crystal Hartwell's Blog (446)

Car Pros Automotive Group Named Top Selling Kia Retailer

Retailer wins volume sales crown for the fourth time since 2018 and was also the # 1 Kia EV dealer in 2022; four of five Car Pros Kia dealerships finish in the top 20 nationwide

 

RENTON, WA – February 7, 2023 – Car Pros Automotive Group announced today that it has been named the top Kia retail sales…

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Added by Crystal Hartwell on February 7, 2023 at 11:55am — No Comments

DealMaker Launches: Hybrid, Pre-desking Solution for Digital Retailing

eLEND Solutions adds ‘real deal’ digital finance solution to its suite of digital credit and identification solutions to eliminate frictions and profit leaks in the vehicle purchase process

                             

Dallas, Texas – January 26th, 2023 – eLEND Solutions…

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Added by Crystal Hartwell on January 26, 2023 at 8:07am — No Comments

IDentify Launches: Sophisticated Fraud Solution for a Sophisticated Problem

 

New auto dealership solution from eLEND Solutions combats epidemic of identity fraud that is impacting nearly 80% of dealerships

 

Dallas, Texas – January 25th, 2023 – eLEND Solutions announced today, at NADA 2023, the launch of IDentify, a layered,…

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Added by Crystal Hartwell on January 25, 2023 at 8:08am — No Comments

Monthly Payment Trumps Vehicle Sales Price for Consumers, but Majority of Online Payment Calculators Get It Wrong

 

One in four deals reworked because dealership online calculators inaccurately quote payment terms, impacting F&I sales penetration & transaction times, according to eLEND Solutions survey, as dealers report sales pullback driven by economic uncertainties

 

Foothill Ranch, Calif. –…

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Added by Crystal Hartwell on January 24, 2023 at 8:57am — No Comments

CULA Sets New Record in 2022 with $2.7 Billion in Vehicle Leases

 

Leader in indirect vehicle leasing for credit unions tops previous single-year record for originations as number of dealers participating increases

 

San Diego, CA – January 24, 2023 – Credit Union Leasing of America (CULA) set a new record in 2022 for lease originations with $2.7 billion in…

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Added by Crystal Hartwell on January 24, 2023 at 8:08am — No Comments

Auto Dealership Buy/Sell Stays Hot with Yet Another Record in 2022: Earnings Climb as Dealers Plan for More Acquisitions

According to Third Quarter 2022 Blue Sky Report® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages; dealers focus on expansion through acquisition with almost 50% planning to add one or more store, but low stock prices dampen public auto retailers buy/sells

 

Incline Village, NV – December 20th…

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Added by Crystal Hartwell on December 20, 2022 at 8:30am — No Comments

Kerrigan Advisors Represents Earnhardt Auto Centers in Sale of Two Arizona Dealerships

Earnhardt Volkswagen and Rodeo Kia in the Phoenix metro area sold to Ken Garff Automotive Group; marks 177th dealership sale led by Kerrigan Advisors since 2015, and the 5th dealership sold by Kerrigan Advisors in Arizona since 2020, making the firm the most active in the state

 

Incline Village, NV – December 14, 2022 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide,…

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Added by Crystal Hartwell on December 15, 2022 at 8:17am — No Comments

Kerrigan Advisors Represents Lasher Auto Group in Sale of Five Elk Grove Dealerships

Sale of five Sacramento dealerships to Canadian-Based Knight Automotive Group marks the 175th dealership transaction led by Kerrigan Advisors since 2015

 

Incline Village, NV – December 8, 2022 –– Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Lasher Auto Group in its sale of five dealerships: Elk Grove Acura, Audi, Chrysler, Dodge, Jeep, Ram (CDJR), Subaru, and…

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

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…

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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…

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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 –…

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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…

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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 &…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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

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