Interesting news from Automotive News. AutoNation Inc.’s acquisition of four dealerships in New York marks a return to the Northeast by the largest new-vehicle retailer in the U.S.The four stores AutoNation acquired in Westchester County, N.Y., sell BMW, Land Rover and Jaguar vehicles. The stores — three bought from Premier Collection and one from
AutoNation Returns to the Northeast Read Post »
GNYADA reported that its dealers have recently received a letter from GM that the manufacturer is attempting to modify its sales performance measurement following the NY Court of Appeals decicion in Beck vs General Motors. The GNYADA dealer bulletin includes the following guidance for GM dealers: For the time being, RSI alone does not determine
Dealership performance and RSI in NY’s Beck vs General Motors Case Read Post »
Auto sales for the first half of 2016 finished up 1.4% from 2015, a sign that the US auto industry is halfway to another record, just barely, according to a recent article in Automotive News. Most manufacturers posted slight increases. In June, Chevrolet’s sales were up 0.1% and Hyundai’s just 0.01% or only 9 vehicles.
Automotive Sales volumes hold steady – Good sign for dealerships Read Post »
NADA has published their recent semiannual Dealer Attitude Survey. Lexus, Toyota and Subaru have achieved top overall scores. Any surprises? Lexus has retained the top overall spot for the past six surveys (three years)! And has scored in the top 5 throughout the last 6 years. Survey results definitely influence the Blue Sky multiple that
Dealer Attitude Survey: Does it impact Dealership Valuations Read Post »
DOUBLE OUCH! That’s the sound of my 401K after yesterday’s historic vote in the UK to leave the European Union. Much has been written around the world about its impact by all kinds of political and financial pundits, so no need to repeat that here. However, what about our automotive industry? The last ten years
Brexit and the Automotive Industry Read Post »
In an interview on CNBC, GM CEO Mary Barra said that she expects auto sales to remain strong in 2016, exceeding 17 million. This is great news that bodes well for those auto dealerships for sale. The auto industry can continue selling more than 17 million cars a year as the U.S. economy and
Strong Auto Sales in 2016: Barra Read Post »
Major Motorcycle Dealership Eastern New England High Volume, very profitable, in excellent Location, Compliant Facilities Asking 6X EBITDA plus Parts, Tools, and FF&E Real Estate for Appraised Value.
Motorcycle Dealership for Sale Read Post »
FORD Dealership, Northern New England Medium size in dealer cluster, very profitable, Facility meets Guide! Asking $2.5M 3+X EBITDA for Blue plus Parts, Tools, FF&E Real Estate for $5M, 4+ acres, 18K sq ft building or Lease it.
Ford Dealership for Sale Read Post »
We’ve all followed the stories on autonomous vehicle development. Now, the NHTSA is getting ready to release new guidelines. Stay tuned. From the Detroit News, The National Highway Traffic Safety Administration will release in July guidelines for autonomous vehicles designed to be more flexible than existing rules. Senior Administrator Mark Rosekind said stagnant regulations will not work
Must know auto dealership news: Are you ready for autonomous cars? Read Post »
A Tale of Two Succession Plans In our last blog post I shared with you a true story about automotive dealership succession planning, which, did not turn out well. As I mentioned, I’ve seen many types of successful, and unfortunately, unsuccessful, succession planning over the course of my 35+ years as a broker for
Automotive Dealership Succession Planning, Pt 2 Read Post »
