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Crystal Hartwell's ADM Blog (329)

Healthy Economy and New Buyers Fuel Auto Dealership Transactions and Consolidation, According to The Blue Sky Report® Released by Kerrigan Advisors

  An increasing pool of dealership buyers and investors have helped sustain the market’s high blue sky values; growing number of groups go to market, driving activity and consolidation

Irvine, CA – June 13, 2018 – The auto dealership buy/sell market continued…

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Added by Crystal Hartwell on June 13, 2018 at 8:30am — No Comments

Everyday American Heroes Honored with "Pay it Forward" Sweepstakes from JC Whitney



The "Everything Automotive" Company Honors American Heroes Serving Country and Community with a Sweepstakes Featuring Cash, Prizes, and a Trip to Las Vegas to Pick Up a Custom 2017 Ram Truck

 …

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Added by Crystal Hartwell on April 26, 2018 at 11:30am — No Comments

Carvana Teams Up with SpringboardAuto to Offer End-to-End, Hassle-free Car Finance and Purchase Experience

Partnership puts the car buying experience online – from finance to purchase to home delivery

Irvine, Calif. – April 24, 2018 – Carvana (NYSE: CVNA)…

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Added by Crystal Hartwell on April 24, 2018 at 6:30am — 1 Comment

Kerrigan Advisors Represents Grossinger Auto Group in Sale to AutoCanada

 

Longest running dealership group in Illinois completes sale of 15 franchise dealerships, marking fifth Top 100 Dealership Group transaction completed by Kerrigan Advisors.

AutoCanada enters US market with acquisition, which is largest acquisition of US dealerships by an international buyer in the history of auto retail.    

 

 

Irvine, CA, March 22, 2018 – Kerrigan…

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Added by Crystal Hartwell on March 22, 2018 at 10:57am — No Comments

Car Buyer Happiness with Online Loans Increases Happiness with Dealership Experience, according to New Case Study

Real world reports from auto dealerships in SpringboardAuto study show how online financing helps to improve customer satisfaction, and increase the likelihood of continued patronage

Irvine, CA –March 22nd,…

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Added by Crystal Hartwell on March 22, 2018 at 10:00am — No Comments

AutoBuy’s Unique Remarketing Model Continues to Gain Traction, Growing by Double and Triple Digits Year over Year

 

AutoBuy doubles pipeline of fresh diverse inventory for auto dealers; appraised inventory grows to over $1.5 Billion…

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Added by Crystal Hartwell on March 20, 2018 at 8:12am — No Comments

Reviver Auto Expands Distribution of Digital License ‘RPlates’ in California; Adds Pendragon North America as Dealer Partner

RPlate Pro transforms stamped metal license plates into a connected car platform that automates DMV renewals and adds new levels of personalization

 

Foster City, CA – March 19, 2018Reviver Auto, creator of the RPlate, the world’s first digital license plate, today announced it has partnered with Pendragon North America (PNAA) to sell the RPlate Pro to consumers in California. PNAA owns and operates…

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Added by Crystal Hartwell on March 19, 2018 at 7:33am — No Comments

Auto Dealership Transactions Stay Above 200, as Consolidation Continues and Sellers Fast-Track Succession Plans, according to The Blue Sky Report® released by Kerrigan Advisors

For the fourth consecutive year, buy/sell transactions exceeded 200; since 2014 the industry has completed over 850 buy/sell transactions – one of the most active markets in auto retail history.

 

Irvine, CA –March 19, 2018 – The auto dealership Buy/Sell market surpassed 200 transactions for the fourth consecutive year in 2017, according to The Blue Sky Report’s® Full Year Report…

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Added by Crystal Hartwell on March 19, 2018 at 7:21am — No Comments

Majority of Visitors to Auto Dealership Websites Are Brand New Prospects, According to New Study from PERQ

 

Conventional wisdom is that dealer websites are used primarily by existing customers – not true: 74% of websites visitors are new to dealership; new PERQ insights also reveal how consumer preferences such as test drives, drivetrain and interior space impact decisions

 

 

Indianapolis, IN –March 13, 2018 - New data from thousands of consumer profiles studied by PERQ, experts in online consumer engagement…

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Added by Crystal Hartwell on March 13, 2018 at 7:30am — No Comments

eLEND Solutions Builds Out Sales Team with Auto Lending Sales Leaders

 

 

Automotive lending sales veterans Joe Peterson joins as Chief Sales Officer and Flory Hunsaker as Regional Sales Director; both bring decades of sales success to eLEND as it introduces next-gen finance platform to dealerships across the US

 

Foothill Ranch, CA – March 7, 2018 – eLEND Solutions™, specialists in online and in-store finance and ‘deal-making’ solutions for auto dealers, today announced they are…

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Added by Crystal Hartwell on March 7, 2018 at 9:54am — No Comments

Stephanie Thompson Joins PERQ as Vice President of Client Success

Thompson will put nearly 15 years in sales and client success experience to work building a world-class customer experience for all PERQ clients

 

Indianapolis, IN – March 6, 2018 - PERQ, experts in online consumer engagement and behavior, today announced that Stephanie Thompson has joined the company as Vice President of Client Success. Thompson will lead a broad initiative to refine and expand client onboarding, data reporting and lifecycle processes across…

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Added by Crystal Hartwell on March 6, 2018 at 8:11am — No Comments

SpringboardAuto Expands Corporate Headquarters to Accommodate Growth

Innovative automotive fintech company moves to new 12,000 sq. ft. offices in Irvine’s Discovery Business Center; employee base set to double in 2018 as number of funded loans triples year over year

IRVINE, CALIF. - FEBRUARY 22, 2018​​​​​​​ - SpringboardAuto, an auto fintech company revolutionizing the car financing and buying experience, has moved its corporate headquarters to…

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Added by Crystal Hartwell on February 22, 2018 at 7:36am — No Comments

100,000 Digital License Plates from Reviver Auto to Hit Roads in 2018

Galpin Ford first to sell RPlate in California; RConnect cloud platform launches, makes registration renewals and personalization easy to implement

 

Detroit, MIReviver Auto, creator of…

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Added by Crystal Hartwell on January 16, 2018 at 10:30am — No Comments

Reviver Auto Closes $11.1 Million Finance Round to Expand Footprint of World’s First Digital License Plate

Finance round led by Australian-based ACK Group; former Emotient CEO, Ken Denman, and former R.L. Polk CEO, Stephen Polk, join Board of Directors

 

Foster City, CA – January 10, 2018Reviver Auto, creator of the RPlate, the world’s first digital license plate, has closed an $11.1 million funding round led by Australian-based ACK Group, with participation from WRV and a number of strategic individual…

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Added by Crystal Hartwell on January 10, 2018 at 10:14am — No Comments

Consumer Perception of Dealerships Improves Significantly when Financing is Completed Online

New data from SpringboardAuto reveals that consumer likelihood to provide the dealer a 5-star rating increases by 133% and the percentage stating they would return to the dealer for future service visits nearly doubles when financing is completed online; 86% surveyed prefer to…

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Added by Crystal Hartwell on January 9, 2018 at 6:30am — No Comments

Dealership Transaction Values at Record Levels as Sellers Continue to Flock to Market, according to The Blue Sky Report® released by Kerrigan Advisors

Buy/Sell market remains highly active as concerns about disruptive technology drive dealers to sell; over 200 transactions projected to close in 2017

 

Irvine, CA –November 28, 2017 – The auto dealership Buy/Sell market…

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Added by Crystal Hartwell on November 28, 2017 at 6:30am — No Comments

Dealership Websites That Engage vs. “Trap’ Can Double Closing Rates

New research from PERQ tracks the behavior of thousands of consumers on dealership websites, revealing that consumers are more likely to purchase if offered a guided online experience, versus one that simply seeks to ‘capture’ a lead – all of which results in an increase in…

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Added by Crystal Hartwell on November 14, 2017 at 6:30am — 1 Comment

Kerrigan Advisors Represents Puente Hills Chevrolet in Sale to Pendragon PLC

 

Family owned and operated since World War II, Puente Hills Chevrolet changes hands with the retirement of co-owners Tom Hoffman and Gary Campbell; Pendragon’s first US acquisition since the early 2000s.

 

Irvine, CA, October 31, 2017 – Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised Tom Hoffman and Gary Campbell, co-owners of Puente Hills…

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Added by Crystal Hartwell on October 31, 2017 at 7:15am — No Comments

New Report: Auto Dealers Consider Themselves Progressive/Willing to Adopt Digital Retailing, But Actual Digital Adoption Lags

eLEND Solutions Digital Retailing Survey reveals disconnects between what dealers say and what they do regarding digital retailing.  And there is confusion about what digital retailing actually is: majority define it as posting inventory online.

Foothill Ranch, CA –October 25, 2017 – A new auto dealership survey from eLEND Solutions offers a good news/bad…

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Added by Crystal Hartwell on October 25, 2017 at 10:13am — No Comments

PERQ Eliminates “Lead Traps” on Dealer Websites; Launches Upgrade to its Online Guided Shopping Platform

 

Enhancements, including optimized assessments, an interactive calculator, and a new welcome guide, enable dealers to better meet the expectations of today’s “expert researcher” through a completely connected shopping experience

 

Las Vegas, NV – …

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Added by Crystal Hartwell on October 23, 2017 at 9:12am — No Comments

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