A Tale of Two Succession Plans Automotive dealership succession planning is something many dealers think about, but sadly, some just do not get around to actually creating a documented plan. In my 35+ years of brokering automotive dealerships in New England, I’ve seen succession planning (and lack thereof) play out in a number of ways.
Automotive Dealership Succession Planning, Pt 1 Read Post »
Exciting automotive tech changes are afoot. According to Forbes, this year’s CES “hit a high water mark in terms of the scale and significance of car technology unveiled at the show as well as the attention it received.” Many of the automotive technology announcements focused on three trends: autonomous driving, personalization, and smart mobility. Here’s
CES: Automotive Tech News Read Post »
Another deal we are working. They just keep coming. Get in touch if you are in a buying or selling mood. The market is hot!
Highly Profitable Japanese Store – Connecticut Read Post »
Here is an update on a deal we have been working on. The lowered price has definitely increased interest in this one. Get in touch soon if interested!
NEW PRICE: Major Japanese Import Store – Eastern MA Read Post »
Once again we have a new listing. This one will go fast so if you have any interest contact me immediately! Other dealerships available: Major Japanese Import Store in Eastern Mass. GM Store with Trucks in Western Mass. And we’re talking to many others – if you’re interested in buying or selling, now
Available: Major Domestic Brand with Tractor & Equipment Franchises Read Post »
There has been a lot going on lately in the Auto Industry and in the car dealership market in New England. I’m not sure about you but we are very busy here and often don’t have time to take to catch up on industry articles, and articles with good tips for your business. Here are
In Case You Missed It: Good Information For Car Dealers Read Post »
It has certainly been a busy summer around here. I remember when summers in the auto dealership indsutry meant that the phones were silent and everyone was at the beach. Since the recovery…that is no longer the case. The last 2 summers have been the busiest I’ve seen. With both buyers and sellers being very
AVAILABLE: GM Store with Trucks, Western, MA Read Post »
Building on a couple of recent articles this one talks about another aspect of succession planning. We strongly believe that for many dealers the discussion of Employee Stock Ownership should definitely be made a part of any exit strategy. Why? There are plenty of advantages. From having more control over what the future of the
Employee Stock Ownership Plans and Car Dealers – A Good Match Read Post »
The World for Car Dealers has changed dramatically since 2008 when it seemed recovery may never come. Since that time sales have recovered and outside investors are more and more interested in buying up dealership groups. This has led to lots of consolidation in the marketplace and great opportunities for Dealers who now have to
The Automobile Dealership business is changing quickly and dramatically. Consolidation and technology are 2 very big reasons for that. In just 3 years the number of large dealer groups with revenue of more than $1 billion doubled from 21 dealership groups to more than 43. And while consolidation has been happening fast, the amount of
Employee Training is Key for Today’s Automobile Dealerships Read Post »
