Big Buy Drives Dealership Transaction Numbers Featured

By Staff Writer December 13, 2018

The number of private dealerships that sold in the U.S. increased 26 percent in the third quarter compared to the third quarter of 2017, according to a recent report by The Haig Partners.

The number increased to 106.1 from 84. The Ken Garff Automotive Group purchased full ownership of 28 dealerships from an affiliated entity, in one large transaction, that drove much of this increase. 

Excluding this transaction, the number of dealerships sold in the third quarter decreased 7 percent. The number of dealerships sold in the first nine months increased 24 percent from the same period in 2017.  

Acquisition spending in the first three quarters by publicly traded auto retailers decreased 33 percent compared to the same period in 2017. 

Last modified on Thursday, 13 December 2018 21:11

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