The dealership buy-sell market in 2022, following what is considered the biggest year for acquisitions in auto retail industry history, bustled with a different kind of busy.
The 2021 buy-sell year was notable for four supersize acquisitions by the publicly traded auto retailers that helped frame the latest wave of dealership consolidation.
Deals of that magnitude did not happen in 2022.
Instead, it was private dealers and groups who collectively were the most active buyers, often completing deals for just one or two dealerships at a time. And amid steady deal activity, the number of transactions in 2022 actually outpaced 2021's total.