Expect $1 Billion in US Purchases by Public Dealer Groups for 2014, from Auto Remarketing.
In the dealership buy-sell market, it’s still the private buyers who are making the biggest waves, but that’s not to say all is quiet on the public retailer front, according to Kerrigan Advisors.
The Kerrigan Quarterly Blue Sky Report for Q3 acknowledges that public dealer groups have continued to “focus on non-auto dealership and international investing,” while the private retailers “continue to represesent the largest share of dealership acquirers,” citing data from The Banks Report.
But the report also points out that U.S. acquisition spending by the public dealer groups is expected to surpass $1 billion this year, which would be a 10-year high.
“With the completion of AutoNation’s acquisition of Barrier Motors in November, 2014 will likely be one of the highest spending years since the publics were formed,” the report notes.
