Crystal Hartwell's Blog (489)

Car Pros Automotive Group Hosts Congressman Derek Kilmer in Tacoma to Explore Electrification, Dealer Franchise System

Pictured: Matthew Phillips, CEO of Car Pros Automotive Group, Congressman Derek Kilmer, Tod Vartaneian, General Manager Car Pros Kia Tacoma

Car Pros’ CEO and team members showcased the latest electric vehicles including the all-new Kia EV9, and…

Continue

Added by Crystal Hartwell on October 10, 2023 at 11:41am — No Comments

Kerrigan Advisors Represents Gosch Auto Group in Sale of Gosch Ford Escondido

Sale of Gosch Ford Escondido to Aaron Automotive Group represents the 203rd dealership sold by Kerrigan Advisors since 2015; The sale confirms the strong interest of buyers in high volume markets with leading brands

 

INCLINE VILLAGE, NV – September 21, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Hemet-based Gosch Auto Group in the sale of Gosch Ford Escondido to…

Continue

Added by Crystal Hartwell on September 21, 2023 at 12:24pm — No Comments

CULA Selected by Northeast Credit Union for Indirect Vehicle Leasing

Credit Union Leasing of America extends its footprint in the northeastern US, bringing the benefits of vehicle leasing to more consumers in New Hampshire and Maine

 

San Diego, CA & Portsmouth, NH – September 12, 2023 – Credit Union Leasing of America (CULA) has been selected by…

Continue

Added by Crystal Hartwell on September 12, 2023 at 12:39pm — No Comments

Auto Dealership Buy/Sell Market Defies Interest Rates with Record-Setting Activity and Historically High Valuations Supported by Dealer Liquidity

  

First half 2023 buy/sell activity increased 26% compared to first half of 2022, resulting in a record 418 completed transactions over a trailing twelve-month period; market on track for a record year driven by resilience of auto retail profits and the strength of the dealership balance sheets, according to the Second Quarter 2023 Blue Sky Report® by Kerrigan Advisors

 

INCLINE VILLAGE, NV – September 5,…

Continue

Added by Crystal Hartwell on September 5, 2023 at 8:39am — No Comments

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…

Continue

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,…

Continue

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…

Continue

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…

Continue

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…

Continue

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

Credit Unions Worry Most About Over-Extension on Used Vehicle Loans, says New Survey, but Long-Term Loans Still Proliferate

 

CULA’s Used Vehicle Loan Snapshot, based on a survey of credit unions, reveals that they continue to offer car buyers a significant percentage of longer-term loans –70% offer 72 months or more – with low down payments, on high-mileage, older vehicles

 …

Continue

Added by Crystal Hartwell on July 20, 2023 at 9:30am — No Comments

Car Pros Hyundai Renton Celebrates Grand Re-opening

 

Car Pros Automotive Group’s new state-of-the-art facility in Washington boasts significant investment in EV charging and repair infrastructure

 

RENTON, WA – July 12, 2023 – Car Pros Automotive Group announces the grand re-opening of its Car Pros Hyundai Renton, Washington, in a new, state-of-the-art facility. To mark the occasion, a celebration and ribbon-cutting ceremony were held on June 28th with local community…

Continue

Added by Crystal Hartwell on July 11, 2023 at 12:04pm — No Comments

Auto Dealership Buy/Sell Market Begins 2023 with Robust Growth, Outperforming All First Quarter Results on Record

First quarter 2023 completed transactions increase 43% compared to First quarter 2022, resulting in a record 405 transactions over a trailing 12-month period, driven by multi-dealership transactions, an increase in sellers coming to market, and private buyer interest in business-friendly states, according to the First Quarter 2023 Blue Sky Report® by Kerrigan Advisors

 

Incline Village, NV – June 26, 2023 – The auto…

Continue

Added by Crystal Hartwell on June 26, 2023 at 12:08pm — No Comments

Kerrigan Advisors Represents Beck & Masten Auto Group in Sale of Houston Area Kia Dealership to Group 1 Automotive

Sale of Houston area Kia dealership highlights the strength of the Kia brand in a large and high-growth metro area; the transaction marks Kerrigan Advisors’ 7th dealership sale in Texas in 2023

Houston, TX – June 7, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Houston, Texas-based Beck & Masten Auto Group in the sale of Beck & Masten Kia to Houston,…

Continue

Added by Crystal Hartwell on June 7, 2023 at 8:25am — No Comments

Kerrigan Advisors Represents Beck & Masten Auto Group in Sale of Three High Volume Buick GMC Dealerships to Group 1 Automotive

Sale of Texas Buick GMC dealerships highlights strong demand for top volume franchises in states with favorable business environments and marks Kerrigan Advisors’6th dealership sale in Texas in 2023

Incline Village, NV – May 12, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Houston, Texas-based Beck & Masten Auto Group in the sale of Beck & Masten Buick GMC North,…

Continue

Added by Crystal Hartwell on May 12, 2023 at 8:50am — No Comments

Kerrigan Advisors Represents Holman in Sale of Audi Shawnee Mission

Kansas City luxury dealership sold to Baxter Auto Group; Transaction marks 183rd dealership sold since 2015 by Kerrigan Advisors, the premier sell-side dealership advisor to top luxury dealerships in growth markets

 

INCLINE VILLAGE, NV – May 9, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Holman, a global automotive services organization, in its sale of…

Continue

Added by Crystal Hartwell on May 9, 2023 at 9:35am — No Comments

Kerrigan Advisors Represents Kinsel Motors in Sale of Four Texas Franchises

 

Kinsel Toyota and Kinsel Ford, Lincoln, Mazda of Beaumont sold to Doggett Automotive Group; Transaction marks 182nd dealership sold since 2015 by Kerrigan Advisors, the premier sell-side dealership advisor to higher value dealerships and dealership groups

 

Incline Village, NV – May 2, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented…

Continue

Added by Crystal Hartwell on May 2, 2023 at 10:29am — No Comments

CULA Continues Expansion: Selected by Dort Financial Credit Union for Indirect Vehicle Leasing

Credit Union Leasing of America, which reported a record $2.7 billion lease originations in 2022, further extends its reach in Michigan, one of the highest vehicle-leasing states in the US

 

San Diego, CA and Grand Blanc, Michigan – April 25, 2023 – Credit Union Leasing of America (CULA) has been selected by Dort Financial Credit Union to launch its indirect vehicle leasing program, further extending CULA’s reach into…

Continue

Added by Crystal Hartwell on April 25, 2023 at 11:56am — No Comments

Car Pros Honda El Monte Awarded Honda Masters Circle

Dealership recognized among the Honda Top 50 for annual new vehicle sales volume and customer service; Car Pros Automotive Group ranked 45th in Automotive News 2023 ranking of the Top 150 Dealership Groups

 

El Monte, CAApril 19, 2023 – Car Pros Honda El Monte has been awarded the 2022 Honda Masters Circle, given to the top 50 Honda dealerships in the United States in recognition of…

Continue

Added by Crystal Hartwell on April 19, 2023 at 11:38am — No Comments

Auto Dealership Buy/Sell Market Slightly Declines in Fourth Quarter, but 2022 is the Second Most Active Buy/Sell Year Ever

Completed transactions decline 2.3% for the full year 2022, due to a 41% decline in the fourth quarter 2022 and driven largely by a reduction in public auto retailers’ acquisition spending, according to the 2022 Blue Sky Report® by Kerrigan Advisors; private buyers moved ahead to dominate the 2022 buy/sell market as…

Continue

Added by Crystal Hartwell on April 17, 2023 at 7:58am — No Comments

Kerrigan Advisors Represents Estero Bay Chevrolet in Sale to Group 1 Automotive

Sale of Southwest Florida’s top volume Chevrolet dealership marks the 14th Kerrigan-led franchise sale in Florida since 2019, making the firm the most active in the state

April 3, 2023 – Incline Village, NV – Kerrigan Advisors, the premier sell-side advisor and thought partner to…

Continue

Added by Crystal Hartwell on April 3, 2023 at 8:46am — No Comments

Monthly Archives

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

© 2024   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service