Peter Minshall

The auto dealership buy/sell market reached new heights in the first half of 2024, with transactions nearly doubling compared to pre-pandemic levels. Despite challenges such as vehicle affordability and tepid EV sales, sellers are capitalizing on historically high blue sky values, while well-capitalized buyers seek top franchises. Kerrigan Advisors reports that 204 dealership transactions, representing 381 franchises, took place in just six months. Learn more about the key factors driving this record-breaking market. #AutoDealership #CarMarket #VehicleIndustry #EVsales

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NEWS: Toyota weighs hybrid only lineups after sales surge… Plus, used car prices continue to tumble from their historic peak, and car seat needs are driving the majority of parents’ car buying decisions… Today’s top 3 stories in automotive: 1. Toyota is considering doubling down on its hybrid-first strategy… https://lnkd.in/gcYyRZAi 2. Used car prices fell 2.3% month-over-month drop in July, driven by shifts in the new car market… https://lnkd.in/gvJZEuC5 3. With over 60% of parents prioritizing car seat fit, SUVs are at the forefront of family vehicle choices… https://lnkd.in/g9Jj-mW4 Read today’s automotive news, brought to you by DLRdmv: https://lnkd.in/gqHt9mj5

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The 2024 Vehicle Depreciation Report with Fitch Ratings is out! It reveals a changing auto market with: - Strong new car sales but inflated MSRPs. - Rising used car depreciation, especially for EVs. - An 18% depreciation rate forecast for 2024. Download the full report for insights to navigate the evolving market here: https://lnkd.in/eRDt7SF2 #VehicleDepreciation #AutoMarket #NewCarSales #MSRP #UsedCarDepreciation #EVs #DepreciationRate

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Key Automotive Trends We’re Tracking in 2024: 1. Dealership associates demonstrate resiliency 2. F&I PVR is trending up while Front PVR levels decrease 3. Product income share grows as interest rates persist ➡️ See the rest of the recent data impacting dealers in our new report (also available to download): https://hubs.li/Q02KYPHw0 #autotrends #dealerships #automotive #jmagroup

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The new Benchmark Alert system is designed to deliver transparency and drive accountability, allowing dealerships to make data-driven decisions that positively impact performance in real-time. Learn more about this cutting-edge new feature of the Benchmark Data Suite. https://benchmarktm.com #automotive #autodealers #dealersoftware #dealerships #businessintelligence #dealers

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