je.st
news
Tag: dealerships
Dealerships are the New Investment Darlings of Wall Street & Each Other
2015-01-30 19:38:15| AutomotiveDigest.com - Automotive Industry News
The Situation: The number of deals involving the sale or acquisition of U.S. automotive dealerships doubled in 2014 to over 200. How do we know? Listening, watching, and connecting with Erin Kerrigan of Kerrigan Advisors. To see for yourself, start HERE by checking out her comprehensive presentation at the J D Power Summit in San Francisco last week. What seems to be the characteristics of a Dealership Sale? * Lots of Negotiation * Not easy to get a deal done * Approval of the manufacturer franchisor takes as long as two month * The volume of sale transactions is robust and deals are increasing What is triggering all this interest and investment? * Dealer Sales are booming -- but may leveling off in 2015 * The average dealership made $1 Million in profit in 2014 * 92% of the dealerships are still in private hands of aging patriarchs * Warren Buffett bought VanTyl; Lithia bought DCH * Average dealership has double in value in the last 10 years to $36M * One in five dealership were sold or in process in 2014 * Low cost money is available to make any deal a consideration * Deals can be structured to handle a lot of Blue Sky GET MORE DETAILS. _________________________________________________________________ The Article Dealerships are the New Investment Darlings of Wall Street & Each Other appeared first on Automotive Digest.
Sewell to open four German-brand car dealerships
2015-01-30 12:41:44| Auto Dealers - Topix.net
The 300,000-square-foot BMW of Grapevine, seen in an artist's rendering, is one of four new German-car dealerships Sewell is set to open next year. Sewell Automotive Cos.
Tags: open
car
dealerships
Automotive News: Soros' Fund Shops for Auto Dealerships
2015-01-26 18:51:00| Auto Dealers - Topix.net
Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the weekend to research the industry and find potential investing opportunities, the industry trade publication said, citing four sources familiar with the situation.
Tags: news
auto
automotive
shops
Wayne, Holmes dealerships upgrade; auto industry grows
2015-01-26 00:07:50| Auto Dealers - Topix.net
The American auto industry's recovery since the darkest days of the recession is well-documented. Yet it's not just a revival seen in Detroit, but in Wooster, too.
Tags: auto
industry
upgrade
wayne
Dealertrack Unveils New Level of Connectivity for Automotive Dealerships at NADA 2015
2015-01-22 03:08:20| Auto Dealers - Topix.net
At the 2015 National Automotive Dealers Association Convention & Exposition, January 23-25, in San Francisco, Dealertrack will showcase its latest connected technologies and services that are driving today's online to in-store convergence in automotive retailing. "2015 is going to be an exciting year for the automotive retail industry," said Raj Sundaram, co-president, Dealertrack.
Tags: level
automotive
nada
connectivity
Sites : [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] next »