New dealerships will be rebranded to BMW of Downtown LA and MINI of Downtown LA; the sale represents the first step into luxury brands for Car Pros

RENTON, WA – August 24, 2023 – Car Pros Automotive Group announced today that it has acquired two dealerships from Los Angeles-based Nick Alexander Imports,…

Sale of seven dealerships underscores strong buyer demand for growth markets like South Carolina, one of the top 10 markets requested in Kerrigan Advisors’ proprietary Buyer Database

Greeneville, SC – August 23, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Greenville, South Carolina-based MCE Automotive Group, owned and operated by the Escude family, in…

National sales leader and a top 10 auto group has had record sales for each month in 2023, with its best month ever set in July 2023, retailing a total of 2,633 new and used vehicles

RENTON, WA – August 9, 2023 – Car Pros Automotive Group, one of the fastest growing automotive…

New survey from Kerrigan Advisors reveals that OEMs are looking at a new normal when it comes to dealership profitability, lower inventory levels and more OEM involvement in pricing; 68% expect some form of non-negotiable pricing to be part of future EV retail model

Incline Village, NV – August 7, 2023 – Dealership new vehicle gross margins to remain above pre-Covid levels say 90% of automotive OEMS, according to the just-released annual…

CULA’s Used Vehicle Loan Snapshot, based on a survey of credit unions, reveals that they continue to offer car buyers a significant percentage of longer-term loans –70% offer 72 months or more – with low down payments, on high-mileage, older vehicles

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Car Pros Automotive Group’s new state-of-the-art facility in Washington boasts significant investment in EV charging and repair infrastructure

RENTON, WA – July 12, 2023 – Car Pros Automotive Group announces the grand re-opening of its Car Pros Hyundai Renton, Washington, in a new, state-of-the-art facility. To mark the occasion, a celebration and ribbon-cutting ceremony were held on June 28th with local community…

First quarter 2023 completed transactions increase 43% compared to First quarter 2022, resulting in a record 405 transactions over a trailing 12-month period, driven by multi-dealership transactions, an increase in sellers coming to market, and private buyer interest in business-friendly states, according to the First Quarter 2023 Blue Sky Report^® by Kerrigan Advisors

Incline Village, NV – June 26, 2023 – The auto…

Sale of Houston area Kia dealership highlights the strength of the Kia brand in a large and high-growth metro area; the transaction marks Kerrigan Advisors’ 7^th dealership sale in Texas in 2023

Houston, TX – June 7, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Houston, Texas-based Beck & Masten Auto Group in the sale of Beck & Masten Kia to Houston,…

Sale of Texas Buick GMC dealerships highlights strong demand for top volume franchises in states with favorable business environments and marks Kerrigan Advisors’6^th dealership sale in Texas in 2023

Incline Village, NV – May 12, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Houston, Texas-based Beck & Masten Auto Group in the sale of Beck & Masten Buick GMC North,…

Kansas City luxury dealership sold to Baxter Auto Group; Transaction marks 183rd dealership sold since 2015 by Kerrigan Advisors, the premier sell-side dealership advisor to top luxury dealerships in growth markets

INCLINE VILLAGE, NV – May 9, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Holman, a global automotive services organization, in its sale of…

Kinsel Toyota and Kinsel Ford, Lincoln, Mazda of Beaumont sold to Doggett Automotive Group; Transaction marks 182^nd dealership sold since 2015 by Kerrigan Advisors, the premier sell-side dealership advisor to higher value dealerships and dealership groups

Incline Village, NV – May 2, 2023 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented…

Credit Union Leasing of America, which reported a record $2.7 billion lease originations in 2022, further extends its reach in Michigan, one of the highest vehicle-leasing states in the US

San Diego, CA and Grand Blanc, Michigan – April 25, 2023 – Credit Union Leasing of America (CULA) has been selected by Dort Financial Credit Union to launch its indirect vehicle leasing program, further extending CULA’s reach into…

Dealership recognized among the Honda Top 50 for annual new vehicle sales volume and customer service; Car Pros Automotive Group ranked 45^th in Automotive News 2023 ranking of the Top 150 Dealership Groups

El Monte, CA – April 19, 2023 – Car Pros Honda El Monte has been awarded the 2022 Honda Masters Circle, given to the top 50 Honda dealerships in the United States in recognition of…

Completed transactions decline 2.3% for the full year 2022, due to a 41% decline in the fourth quarter 2022 and driven largely by a reduction in public auto retailers’ acquisition spending, according to the 2022 Blue Sky Report^® by Kerrigan Advisors; private buyers moved ahead to dominate the 2022 buy/sell market as…

Sale of Southwest Florida’s top volume Chevrolet dealership marks the 14^th Kerrigan-led franchise sale in Florida since 2019, making the firm the most active in the state

April 3, 2023 – Incline Village, NV – Kerrigan Advisors, the premier sell-side advisor and thought partner to…

Matthew Phillips, CEO of Car Pros Kia Moreno Valley, recognized for exceptional customer service and sales success, one of three Car Pros Kia dealerships named to President’s Club

Moreno Valley, CA — March 30, 2023 — Matthew Phillips of Car Pros Kia Moreno Valley, California, and CEO of Car…

Matthew Phillips, CEO of Car Pros Kia Huntington Beach, recognized for exceptional customer service and sales success; one of three Car Pros Kia dealerships named to President’s Club

Huntington Beach, CA — March 29, 2023 — Matthew Phillips of Car Pros Kia Huntington Beach has been named by…

 Matthew Phillips, CEO of Car Pros Kia Glendale, recognized for exceptional customer service and sales success, one of three Car Pros Kia dealerships named to President’s Club

Glendale, CA, March 28, 2023 — Matthew Phillips of Car Pros Kia Glendale has been named by Kia America as one of only 40 dealers in the United States to earn a spot in the brand’s prestigious President’s Club.

Selected from…

Retailer wins volume sales crown for the fourth time since 2018 and was also the # 1 Kia EV dealer in 2022; four of five Car Pros Kia dealerships finish in the top 20 nationwide

RENTON, WA – February 7, 2023 – Car Pros Automotive Group announced today that it has been named the top Kia retail sales…

eLEND Solutions adds ‘real deal’ digital finance solution to its suite of digital credit and identification solutions to eliminate frictions and profit leaks in the vehicle purchase process

Dallas, Texas – January 26th, 2023 – eLEND Solutions…