Crystal Hartwell's Blog (526)

Kerrigan Advisors Represents Lou Sobh Automotive Group in Sale of Kia of Cerritos Dealership to Trophy Automotive Dealer Group

Sale of the second highest volume Kia dealership in the largest car market in the US marks Kerrigan Advisors’ 20th Kia rooftop sold and 287th dealership sold since inception

 

CERRITOS, CA – March 19, 2025 – Kerrigan Advisors, the premier sell-side advisor and thought…

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Added by Crystal Hartwell on March 19, 2025 at 6:39pm — No Comments

Dealership Buy/Sell Market Hits Record High in 2024 as US Auto Dealer Confidence Rose

  

Buy/sell transactions surged 10% YoY in 2024, with 697 franchises sold—highest since 2021; buyer confidence in valuations grew as earnings normalized; Blue Sky multiples strongest among most trusted franchises

 

Incline Village, NV – March 17, 2025 – The auto dealership buy/sell market delivered another record year of buy/sell activity with 438 completed dealership transactions, up 10% compared to 2023,…

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Added by Crystal Hartwell on March 17, 2025 at 9:04am — No Comments

FORUM Credit Union Selects CULA Vehicle Leasing Program

 

Credit Union Leasing of America expands national footprint, extends reach in Indiana, bringing the benefits of leasing to more credit union members

 

San Diego, CA – March 10, 2025 – Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 35…

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Added by Crystal Hartwell on March 10, 2025 at 10:55am — No Comments

Kerrigan Advisors Represents Ascent Automotive Group in Sale of Toyota of Greensburg to Jim Shorkey Auto Group

Transaction marks Kerrigan Advisors’ 286th dealership sold, 21st franchise sold in the Northeast region and 37th Toyota franchise sold since inception.

 

Sale of highest volume dealership in Greensburg, PA, underscores growing success of Pittsburgh market, where Toyota is the top volume…

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Added by Crystal Hartwell on February 24, 2025 at 9:35am — No Comments

Car Pros Dealerships Recognized for Sales and Customer Service Leadership in 2024

Car Pros Kia Glendale nation's #1 Kia dealership for the fifth consecutive year, MINI of Downtown Los Angeles #6 in the nation, Car Pros Honda El Monte #22; four dealerships certified for excellence by J.D. Power 

 

RENTON, WA – February 10, 2025 – Car Pros Automotive Group, a leading automotive sales…

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Added by Crystal Hartwell on February 10, 2025 at 9:24am — No Comments

CULA Appoints Chris Harper as Director of Business Development

 

Harper brings 25 years of credit union industry experience to help drive growth through new partnerships and innovation

 

San Diego, CA – January 23, 2025 – Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 35 years,…

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Added by Crystal Hartwell on January 23, 2025 at 3:21am — No Comments

eLEND Identity Solutions Block $1 Billion in Potential Vehicle Purchase Fraud in 2024

 

Over 30,000 dealership driver license scans were red flagged in the past year by eLEND; company further expands suite of Identity Solutions to combat soaring fraud

 

NEW ORLEANS, LA - January 23rd, 2025 – eLEND Solutions today announced at the 2025 NADA Show that it…

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Added by Crystal Hartwell on January 23, 2025 at 3:01am — No Comments

Majority of Auto Dealerships Experiencing Data Gaps Between CRM, DMS and FMS

Snapshot survey from eLEND Solutions show dealers looking for workflow improvements between website tools and core platforms which, majority say, could raise efficiency and customer experience by 20+%; Credit Apps top list of tools needing better platform integration

 

Foothill Ranch, Calif. – January 21, 2025 – The majority of auto dealerships are experiencing data gaps between the core systems that run their dealerships – customer…

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Added by Crystal Hartwell on January 21, 2025 at 3:07am — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Toyota of Slidell to Carlock Automotive

Sale of top volume Toyota dealership in Slidell is final sale of four Bohn family dealerships; marks Kerrigan Advisors’ 285th dealership sold, 134th franchise sold in the Southern region and 50th Toyota/Lexus franchise sold since inception

 

New Orleans, LA – January 20, 2025 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented New Orleans-based Bohn…

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Added by Crystal Hartwell on January 20, 2025 at 3:00am — No Comments

Auto Dealers Expect High Valuations in 2025 as Profits Normalize

 

 

68% of dealers project valuations will increase, or remain at 2024 levels driving strong interest in acquisitions over the next 12 months; Toyota/Lexus are most trusted among dealers for the second consecutive year, but CDJR faces declining valuations and lowest-ever trust ranking, according to…

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Added by Crystal Hartwell on January 7, 2025 at 9:38am — No Comments

Kerrigan Advisors Represents Country Auto Stores in Sale of Country Buick GMC of Leesburg

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

 

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

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Added by Crystal Hartwell on December 19, 2024 at 2:30pm — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Hyundai Genesis of Metairie Dealership to Matt Bowers Auto Group

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 79th franchise sold in 2024

 

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

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Added by Crystal Hartwell on December 16, 2024 at 12:55pm — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Audi New Orleans to Sonic Automotive

 

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

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Added by Crystal Hartwell on December 13, 2024 at 2:30am — No Comments

2024 Auto Dealership Buy/Sell Market on Pace for Another Record Year

 

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…

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Added by Crystal Hartwell on December 10, 2024 at 8:25am — No Comments

Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Audi Lafayette to Community Auto Group

 

 

 

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

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Added by Crystal Hartwell on December 4, 2024 at 9:58am — No Comments

Car Pros CFO Shirley Jones Receives 2024 Women in Retail Award

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…

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Added by Crystal Hartwell on December 3, 2024 at 2:00pm — No Comments

Kerrigan Advisors Represents Buckalew Chevrolet in Sale of Houston, Texas Dealership to Keating Auto Group

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’ 280th dealership sale, and 19th 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…

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Added by Crystal Hartwell on November 25, 2024 at 8:35am — No Comments

Kerrigan Advisors Represents Dallas, Texas-Based Cowboy Toyota Dealership in Sale to The CAR Group, the 4th Texas Toyota Franchise Represented by Kerrigan Advisors in the Last 18 Months

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 23rd largest US dealership group as ranked by Automotive News. This transaction represents Kerrigan Advisors’ fourth Texas Toyota franchise and 18th Texas franchise sold since May 2023. Kerrigan…

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Added by Crystal Hartwell on October 22, 2024 at 10:11am — No Comments

Majority of Auto Dealerships Not Fully Prepared for Next Cybersecurity Breach

 

New survey from eLEND Solutions shows 76% of dealerships today are less likely to want their DMS to handle the majority of sales and finance processes, and worry most about data breaches and phishing attacks, but lack adequate security assessments from vendor partners.



Foothill Ranch, Calif. – October 8, 2024 – The majority of auto dealerships are less likely to want their DMS to handle most of their sales and finance processes today than…

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Added by Crystal Hartwell on October 8, 2024 at 9:49am — No Comments

Credit Unions Cautiously Optimistic About Auto Finance Landscape, Expect Improvements Mid-2025

 

42% of credit unions report loan volume growth year-over-year, and 57% feel optimistic about rest of 2024, according to a new CULA survey, but uncertainties about presidential election and finance market pushing relief from liquidity and delinquency crises to 2025

 

San Diego, CA…

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Added by Crystal Hartwell on October 7, 2024 at 10:10am — No Comments

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