Sale of leading domestic brand in the highly desirable Washington DC market marks Kerrigan Advisors’ 284^th dealership sold and 54^th franchise sold in the Mid-Atlantic region since the firm’s inception

WASHINGTON DC – December 19, 2024 – Kerrigan Advisors, the premier sell-side advisor…

Buy/sell market continues to trend towards high volume dealerships in high growth markets; marks Kerrigan Advisors’ 133rd dealership sold in the southern region since inception and 79^th franchise sold in 2024

NEW ORLEANS, LA – December 16, 2024 – Kerrigan Advisors, the premier…

Sale of New Orleans’ #1 dealership marks Kerrigan Advisors’ 282^nd dealership sold, 132^nd franchise sold in the Southern region and 69^th luxury franchise sold since 2014; sale underscores trend of largest auto groups acquiring higher volume dealerships, as reported in Kerrigan Advisor’s Third…

Monument, Co – (December 10, 2024) – Botdoc, the global leader in Secure Digital Transport (SDT) technologies, today announced the launch of Botdoc Connect, a digital first solution that makes the process of sharing sensitive information quicker, safer, and more convenient- by automatically populating the buyer's information securely into the dealership’s CRM.

Botdoc enables dealerships to safely collect and share sensitive customer information easily with…

Three dealers had fallen victim to the same sophisticated fraud scheme in just one week. The story spreading through dealership break rooms across the country is becoming all too familiar. A new wave of digital payment fraud has hit the auto industry hard, with a particularly nasty scheme targeting Chinese-speaking communities through WeChat. But this time, industry veterans are taking a different approach to fighting back.

The Fraud Scheme That's Costing…

330 buy/sell transactions, representing a record 544 franchises, were completed in first nine months of 2024, according to the Third Quarter 2024 Blue Sky Report® by Kerrigan Advisors, as more sellers came to market to capture historically high blue sky values; nearly doubling pre-covid buy/sell levels, market velocity…

The automotive industry faces unprecedented challenges in protecting customer data privacy. As vehicle transactions increasingly move online and dealerships collect more personal information, the need for robust security measures has never been more critical. Central to this process is the use of encryption in safeguarding customer data in automotive retail to avoid privacy breaches, and how dealerships can implement encryption to protect their customers and…

Sale of Lafayette’s top volume luxury dealership marks Kerrigan Advisors’ 281^st dealership sold since inception, and 68^th luxury franchise sold since 2014; transaction illustrates continued buyer demand for high-quality, low-risk…

Auto industry honorees were recognized at Cherokee Media Group’s Used Car Week

RENTON, WA – December 3, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that CFO Shirley Jones was honored with a 2024 “Women in Retail” award from Cherokee Media Group. This…

In recent years, electric cars have become a central focus of the automotive industry and an increasingly popular choice for environmentally-conscious drivers. As technology evolves and concerns about climate change intensify, electric vehicles (EVs) are offering an innovative and…

Breaking down on the road is every driver’s nightmare. Roadside assistance services are a lifesaver, offering timely help to get you back on track. Whether you drive a compact car, a motorcycle, or a heavy-duty truck, having tailored roadside assistance ensures you’re prepared for any unexpected situation. This article explores how roadside assistance caters to different types of vehicles and the benefits of choosing the right…

Sale of Houston's high volume Chevrolet dealership highlights strong buyer demand for dealerships in Texas, the nation's second fastest growing market; marks Kerrigan Advisors’ 280^th dealership sale, and 19^th Texas franchise sold since 2023

Houston, TX – November 25, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Conroe, Texas-based Buckalew Chevrolet…

1) Forecast from “bottom up”, not top down, team memebrs must participate!

2) Begin with last 90 days of activity

3) Contact your mfg. for insight

4) Look at market & economic…

As legendary American football coach Vince Lombardi once said: “Leaders aren't born, they are made, and they are made just like anything else, through hard work.”



Training your dealership's new leaders, rather than simply anointing them into positions based on tenure, loyalty, or informal recognition, is crucial for long-term success. Here’s why training new leaders is significantly more beneficial than relying on anointing individuals to…

FOR IMMEDIATE RELEASE 

DEALNOW INDUSTRY SURVEY HIGHLIGHTS GROWING FRUSTRATION CONSUMERS FEEL WITH DEALERSHIP TRADE-IN QUOTES AND THIRD-PARTY SERVICES 

Consumers Believe Selling to Individuals Yields Better Prices Than Auto Dealer Trade-Ins or Third-Party Platforms 

Alpine, Utah – (October 29, 2024) – DealNow, a platform for…

by: Richard Nimphie, Dealer Management Coach

I am thankful for my mentors and am dedicated to assisting others likewise. Here are few fundamentals I learned through my mentors.........

1.Employee culture and retention:  I learned the importance…

DALLAS, TX – October 22, 2024 – Kerrigan Advisors, the leading sell-side advisor and thought partner to auto dealers nationwide, represented Dallas, Texas-based Cowboy Toyota in the sale of its dealership to The CAR Group (also known as Norm Reeves), the 23^rd largest US dealership group as ranked by Automotive News. This transaction represents Kerrigan Advisors’ fourth Texas Toyota franchise and 18^th Texas franchise sold since May 2023. Kerrigan…

Four Sources of OTDBs (Opportunities to do Business)

1)Walk-Ins for the first time

*Usually represents 50% of sales, however, should be less given the remainder of OTDB sources

 2)Internet OTDB…

Why Effective Onboarding Is More Important Than Ever

Meighan Newhouse

Forbes Councils Member

1 Employees need to be immersed in your culture from day one.…