With one buy-sell adviser as busy as he can remember and more sellers bringing their stores to market, dealership buy-sell advisers are expecting robust sales the remainder of 2019. But if more tariffs are implemented, they could put a wrinkle in dealership pricing and purchase volume, one adviser said.
The first quarter included 54 buy-sell transactions, which can include multiple stores, up by one-third from the same period a year ago when 39 were tallied, according to the Blue Sky Report published by Kerrigan Advisors, a sell-side firm in Irvine, Calif.
The Haig Report published by Haig Partners, a buy-sell advisory firm in Fort Lauderdale, Fla., estimated 83 dealerships changed hands during the first quarter, a dip of six from the year-ago period. Transactions by private dealership groups jumped 15 percent to 79 during the quarter, according to the Haig Report, while transactions among public dealership groups dwindled.