Auto Dealership Buy/Sell Stays Hot with Yet Another Record in 2022: Earnings Climb as Dealers Plan for More Acquisitions
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Tuesday, December 20, 2022
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During the same time period, the average US dealership earned an estimated $4.24 million, a 205% increase from pre-pandemic levels.
Key Points:
- During the same time period, the average US dealership earned an estimated $4.24 million, a 205% increase from pre-pandemic levels.
- The industry is on pace for a third consecutive year of record earnings, despite declines in used car margins and some new car margins.
- These expectations are in line with the premium valuations Kerrigan Advisors continues to achieve on behalf of the firm’s clients.
- The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail.