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Crystal Hartwell's ADM Blog (376)

Auto Dealership Buy/Sell Market Transactions Rebound in Q2 2020, with Record Valuations

High dealership earnings drive buy/sell market to boomerang back in Q2, with first half of 2020 surpassing 2019, according to The Blue Sky Report® by Kerrigan Advisors; very active buy/sell market predicted for second half of 2020

 

Irvine, CA –Sept 14, 2020 – The…

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Added by Crystal Hartwell on September 14, 2020 at 8:30am — No Comments

SiriusXM® Subscription Now Included with Purchase of SureSale Vehicles

Agreement between leading vehicle certification company and leading audio entertainment company adds additional value and incentive to customers of independent and franchised dealers who offer SureSale vehicles

 

Los Angeles, CA – August 10, 2020 – SureSale, the award-winning, gold standard for quality used vehicles, today announced that it has teamed up with SiriusXM to offer a complimentary 3-month subscription* to SiriusXM’s top-tier All Access…

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Added by Crystal Hartwell on August 10, 2020 at 8:14am — No Comments

Auto Dealership Buy/Sell Market Declines 9% in First Quarter 2020, as COVID-19 Brings Activity to a Standstill After a Strong Start

According to The Blue Sky Report® by Kerrigan Advisors, the pandemic’s impact on the first and second quarter will not result in dramatic changes to blue sky values, with a buy/sell rebound projected in the second half

Irvine, CA – June 8, 2020…

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Added by Crystal Hartwell on June 8, 2020 at 5:00am — 1 Comment

Digital Motors Integrates eLEND Solutions’ Digital Financing Into Automotive ‘Buy From Home’ Online Retailing Solution

Car buyers can instantly apply for financing directly from a dealer’s online store, finalizing transactions, including F&I, from the safety and comfort of their homes...

Irvine, Calif., May 27, 2020 –…

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Added by Crystal Hartwell on May 27, 2020 at 7:30am — No Comments

SURESALE WINS GOLD STEVIE® AWARD IN 2020 AMERICAN BUSINESS AWARDS®

SureSale’s automotive certification-as-a-service platform was named “Innovation of the Year”

 …

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Added by Crystal Hartwell on May 26, 2020 at 9:00am — No Comments

Kerrigan Advisors Offers Financial Restructuring & Turnaround Services to Auto Dealers

Team leverages turnaround experience gained during Great Recession to help dealerships survive in wake of COVID-19  

 

Irvine, CA –April 27, 2020– Kerrigan Advisors, in the wake of the global economic shock caused by the new coronavirus (COVID-19), has added confidential financial restructuring and turnaround services for auto dealerships to…

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Added by Crystal Hartwell on April 27, 2020 at 6:09am — No Comments

The Kerrigan Index Drops to 2012 Levels as Auto Retailers Underperform in Wake of COVID-19

Crisis triggers a 47.9% decline from 52-week high in December; Kerrigan Advisors release additional insights into automotive retail ramifications

 

Irvine, CA – March 26, 2020 – Kerrigan Advisors, in the…

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Added by Crystal Hartwell on April 1, 2020 at 7:30am — No Comments

‘AAA Inspected’ Expands Consumer and Dealership Access to Quality Used Vehicles through New AAA Club Alliance and SureSale Partnership

March 9, 2020 - Auto dealers now have access to a program that enables them to brand used vehicle inventory as ‘AAA Inspected.’  The program is the result of a partnership between SureSale and AAA Club Alliance, the third largest AAA auto club in the national AAA federation.  The program is scheduled to launch initially in Kansas and…

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Added by Crystal Hartwell on March 9, 2020 at 8:18am — No Comments

Kerrigan Advisors Represents Fields Automotive Group in Sale of Florida Dealerships; Transaction Marks 13th Kerrigan-led Dealership Sale in the last 12 months

Fields Volvo and Fields Volkswagen of Daytona Beach acquired by Gunther Motor Company

 

Irvine, CA, February 28, 2020 – Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Fields Automotive Group of Chicago, Illinois on the recent sale of Fields Volvo Cars and Fields Volkswagen of Daytona Beach to Gunther Motor Company of Delray, Florida. The transaction marks the 88th and…

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Added by Crystal Hartwell on February 28, 2020 at 7:08am — No Comments

Kerrigan Advisors Represents RPM Luxury Sales, Inc. in Sale of 2 Lexus Dealerships; Marks 6th & 7th Lexus Dealership Kerrigan Advisors has Sold since 2015

Lexus of Sacramento and Lexus of Roseville, the only Lexus dealerships in the greater Sacramento metro area, acquired by Lithia Motors

 

Irvine, CA, February 19, 2020 – Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised the owner on the recent sale of Lexus of Sacramento and Lexus of Roseville (RPM Luxury Sales, Inc.) to Lithia Motors. RPM Luxury Sales, Inc. is comprised of the only two Lexus…

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Added by Crystal Hartwell on February 19, 2020 at 7:35am — No Comments

New Digital Retailing Survey: Increased Adoption, Sales, Profits, But Integration, People, Process Challenge Success

eLEND Solutions Digital Retailing Report Card report reveals widespread adoption of Digital Retailing (74%) among dealers surveyed, as well as a positive impact on sales (92%) and profitability (68%) – but challenges with training, leadership and process integration remain.

 

LAS VEGAS, NV…

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Added by Crystal Hartwell on February 13, 2020 at 7:00am — No Comments

Kerrigan Advisors Represents Altoona Honda in Sale, Marks 11th Honda Dealership Kerrigan Advisors has Sold Since 2015

A President’s Award-Winning Honda Dealership in Western Pennsylvania Changes Ownership 

 

Irvine, CA, February 12, 2020 – Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised partners Bill Barnes and Paul Ritchie on their recent sale of Altoona Honda to Timbrook Automotive. The partners will continue to own and operate Hagerstown Honda and Hagerstown Kia. Timbrook Automotive has 11…

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Added by Crystal Hartwell on February 12, 2020 at 7:37am — No Comments

SureSale Closes $7 Million Funding to Redefine the Certified Pre-Owned Auto Category

Veteran automotive tech entrepreneurs have developed a standardized certification-as-a-service platform to expand the availability of CPO inventory for 40 million used car buyers

 

Los Angeles, CA – February 6, 2020 –SureSale, the first and only…

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Added by Crystal Hartwell on February 6, 2020 at 7:00am — No Comments

SureSale Certified Expands Team to Help Auto Dealers Meet Growing Demand for CPO Vehicles

New sales team includes five auto industry pros with proven track records in growing new markets and a deep understanding of how auto dealerships can fuel CPO sales and ROI 

Los Angeles, CA – January 28,…

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Added by Crystal Hartwell on January 28, 2020 at 7:00am — No Comments

Auto Dealership Buy/Sell Market Accelerates in Third Quarter 2019, Building Momentum for a Strong Finish to 2019 with Another 200+ Transaction Year

 According to The Blue Sky Report® by Kerrigan Advisors, buy/sell market expected to finish at 2018 levels; average dealership earnings annualizing to 9.3% increase, on pace to reach 2015 peak profit level of $1.5M

Irvine, CA – December 16, 2019 – The 2019 auto dealership buy/sell market picked up speed during the third quarter and is now poised to register another 200+ transaction year in 2019 – meeting or exceeding 2018…

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Added by Crystal Hartwell on December 16, 2019 at 8:00am — No Comments

Kerrigan Advisors Represents on the Sale of Bredemann Lexus - The 3rd Lexus Dealership Sold by Kerrigan Advisors in 2019

Bredemann Lexus sold to Fields Automotive Group

 

Irvine, CA, November 25, 2019 – Kerrigan Advisors, one of the leading sell-side advisory firms to auto dealers in the US, represented and advised Bredemann Lexus, located in Glenview, Illinois in its sale on November 18, 2019.  The buyer is Glencoe, Illinois-based Fields Automotive Group, ranked number 27 in Automotive News’ Top 150 Dealership Group List. Opened in 1990,…

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Added by Crystal Hartwell on November 25, 2019 at 6:40am — No Comments

Kerrigan Advisors Represents El Monte Honda in its Sale – The 10th Honda Dealership Kerrigan Advisors Has Represented for Sale since 2015

El Monte Honda sold to Car Pros Automotive Group

 

 

Irvine, CA., Tuesday, November 20, 2019 – Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised on the sale of Los Angeles County-based El Monte Honda, owned by Steve Nelson and business partners, to Washington-based Car Pros Automotive Group. This is the first Honda dealership for Car Pros, a west coast-based…

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Added by Crystal Hartwell on November 20, 2019 at 7:36am — No Comments

Franchise Dealers Optimistic About Store Values for Next 12 Months

 

86% of dealers expect dealership values to increase or remain the same over the next 12 months according to the first-ever Kerrigan Advisors Dealer Survey

Irvine, CA, October 21, 2019Kerrigan Advisors, the leading sell-side advisor and thought partner to auto dealers in the U.S., today released results from its first annual dealer survey. The firm’s…

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Added by Crystal Hartwell on October 21, 2019 at 6:38am — No Comments

Kerrigan Advisors Represents Longmont Ford in Sale

 

Longtime area dealer sells successful dealership to Maroone USA, Serra Automotive and Pat Grooms

 

Irvine, CA, October 2, 2019 – Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised owner Mike Peebles in his recent sale of Longmont Ford, one of the most successful Ford stores in the Metro Denver area. The buyers are a partnership between Maroone USA, owned…

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Added by Crystal Hartwell on October 2, 2019 at 6:50am — No Comments

SureSale Certified Increases Used Vehicle Sales and Turn Rates for North Carolina Dealership

New case study shows how Reed-Lallier Chevrolet leveraged this one-of-a-kind CPO program to increase used vehicle sales 30% YOY as local market saw declines[1]



 

Los Angeles, CASeptember 18, 2019 – SureSale Certified today released a new case study conducted with North Carolina’s Reed-Lallier Chevrolet that offers a compelling snapshot of how one dealership…

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Added by Crystal Hartwell on September 18, 2019 at 9:11am — No Comments

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