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Crystal Hartwell's ADM Blog (374)

Auto Dealership Buy/Sell Market Picks Up Steam: 2018 On Track for 5th Year of 200+ Acquisitions, According to The Blue Sky Report® released by Kerrigan Advisors

New tax law and economies of scale help publics and consolidators buck trends to grow earnings and fuel Q2 Buy/Sell market to 92% growth over Q1; one-eighth of all auto dealerships have changed hands since 2014 as industry consolidation continues

Irvine, CA – August 29, 2018 – The new tax law and improved economies of scale and scope are among the trends driving a robust Buy/Sell market in Q2, after a slow start to the year, according to The…


Added by Crystal Hartwell on August 29, 2018 at 6:57am — No Comments

Kerrigan Advisors Represents Car Pros Automotive Group in Sale

Carson KIA, the Nation’s highest-volume KIA Dealership, sold to Trophy Automotive Dealer Group    


Irvine, CA, -- August 22, 2018 – Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the U.S., represented and advised Car Pros Automotive Group in their recent sale of Carson KIA, the highest volume KIA dealership in the U.S. since 2016. The buyer is the Southern California-based Trophy Automotive Dealer Group…


Added by Crystal Hartwell on August 22, 2018 at 7:50am — No Comments

Consumer Behavior Study Upends Common Misconception that the Vast Majority of Online Shoppers are Ready-to-Buy

Data from over a half million consumer interactions analyzed by PERQ illustrates the value of a personalized shopping journey for websites selling high-touch, big-ticket items; reveals that the more online tools and assessments consumers engage with, the more likely they are to purchase; offers key tips…


Added by Crystal Hartwell on August 8, 2018 at 6:30am — 1 Comment

Automotive Broadcasting Network Named to Jacksonville 2018 Fast 50

Leading innovator in automotive retail digital signage has experienced 65% year-over-year revenue growth by helping auto retailers improve the in-dealership experience

Jacksonville, FL – July 16, 2018 – Automotive Broadcasting Network (ABN), the leading innovator and provider of digital signage solutions for automotive dealerships, has been named to the…


Added by Crystal Hartwell on July 16, 2018 at 8:07am — No Comments

PERQ Wins Top Honors in 16th Annual American Business Awards(SM)

Indianapolis-based PERQ takes home the 2018 Gold Stevie Award for “Founding Team of the Year” acknowledging team’s leadership in product innovation, company culture and triple digit growth in 2017


Added by Crystal Hartwell on June 27, 2018 at 6:33am — No Comments

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…


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



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)…


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…


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,…


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…


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…


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…


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…


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…


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…


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…


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 the world’s first digital license plate, today announced that 100,000 RPlate Pros…


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…


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…


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

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