Tag: buysell

Dealership buy-sell in 2022 dominated by private buyers

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“2022 was still pretty hot, really up until the end,” said Stuart McCallum, national dealership practice leader for advisory and accounting firm Withum. “We saw strong interest from established dealers, megadealers and then first-time dealers alike. We saw quite a few first-time dealers getting their stores in 2022.”

Automotive News tracked 403 buy-sell transactions in 2022 that involved 596 dealerships trading hands. Compared with 2021, which marked the first time Automotive News rigorously documented buy-sell deals, the number of transactions

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Live talk on the car dealer buy-sell market at noon Wednesday

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Join us at noon Wednesday, Aug. 9, for a LinkedIn Live chat with Stephen Dietrich, partner at Holland & Knight, as he talks about the dealership buy-sell market.

He will be joined by Executive Editor Jamie Butters and Retail Senior Editor Melissa Burden as they discuss dealership merger and acquisition activity in 2022 and what we’ve seen so far in 2023.

Send us questions in advance in the comment section on LinkedIn.

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2023 auto dealership buy-sell market is steadily abuzz

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McLarty Auto acquired two dealerships in 2022 and two Ford stores in May. McLarty said he expects to close on at least one more deal before the end of the year.

After four historic acquisitions by the public auto retailers helped define 2021’s buy-sell market, 2022 boasted smaller transactions — for the publics, too.

Activity for the six public groups revved up this year after they bought just 39 stores last year through 19 acquisition transactions.

Automotive News tracked two

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Automotive News: New dealership buy-sell database and stories

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We examine the 2022 U.S. dealership buy-sell market and how it compared with 2021, arguably the biggest year for dealership acquisitions in history.

We also take a look at buy-sell activity in 2023 and where the market goes from here.

Sign up for our Done Deals newsletter for a monthly look at the buy-sell market at autonews.com/donedealsemail.

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