Auto dealerships had a strong first quarter, according to the First Quarter 2019 Blue Sky Report by Kerrigan Advisors.
During the first three months of the year, buying and selling at auto dealerships grew 38.5 percent over the first quarter of 2018, it said.
“As Kerrigan Advisors predicted, 2019 is shaping up to be another solid year for buy/sells and valuations,” said Erin Kerrigan, Founder and managing director of Kerrigan Advisors. “In the face of a decline in new vehicle sales, the diversity of the dealership business model continues to demonstrate its value through its ability to sustain profits. In addition, the influx of older generation sellers coming to market, coupled with private capital jumping into the void left by the publics, all add up to a promising buy/sell year.”
Learn more about the First Quarter 2019 Blue Sky Report here.