Crystal Hartwell's Blog – August 2023 Archive (5)

Kerrigan Advisors Represents Nick Alexander Imports in Sale of Los Angeles BMW & MINI Dealerships

 

Sale of Nick Alexander BMW to Car Pros Automotive Group includes MINI and Collision Center, and represents the 201st & 202nd dealership, 50th top luxury franchise sale led by Kerrigan Advisors since…

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Added by Crystal Hartwell on August 28, 2023 at 8:43am — No Comments

Car Pros Automotive Group Acquires Nick Alexander BMW, MINI Dealerships in Los Angeles

New dealerships will be rebranded to BMW of Downtown LA and MINI of Downtown LA; the sale represents the first step into luxury brands for Car Pros

 

RENTON, WA – August 24, 2023 – Car Pros Automotive Group announced today that it has acquired two dealerships from Los Angeles-based Nick Alexander Imports,…

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Added by Crystal Hartwell on August 24, 2023 at 3:58pm — No Comments

Kerrigan Advisors Represents MCE Automotive Group in Sale of Seven South Carolina Dealerships to Anderson Automotive Group

Sale of seven dealerships underscores strong buyer demand for growth markets like South Carolina, one of the top 10 markets requested in Kerrigan Advisors’ proprietary Buyer Database

 

Greeneville, SC – August 23, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Greenville, South Carolina-based MCE Automotive Group, owned and operated by the Escude family, in…

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Added by Crystal Hartwell on August 23, 2023 at 12:46pm — No Comments

Car Pros Automotive Group Sets Record-Breaking Month of Vehicle Sales

 

National sales leader and a top 10 auto group has had record sales for each month in 2023, with its best month ever set in July 2023, retailing a total of 2,633 new and used vehicles

 

RENTON, WA – August 9, 2023 – Car Pros Automotive Group, one of the fastest growing automotive…

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Added by Crystal Hartwell on August 9, 2023 at 12:51pm — No Comments

Majority of Automakers Expect New Vehicle Gross Margins to Remain Above Pre-Covid Levels, Though Dealership Profits Are Projected to Decline

New survey from Kerrigan Advisors reveals that OEMs are looking at a new normal when it comes to dealership profitability, lower inventory levels and more OEM involvement in pricing; 68% expect some form of non-negotiable pricing to be part of future EV retail model

 

Incline Village, NV – August 7, 2023 – Dealership new vehicle gross margins to remain above pre-Covid levels say 90% of automotive OEMS, according to the just-released annual…

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Added by Crystal Hartwell on August 7, 2023 at 1:47pm — No Comments

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