AUTO RETAIL BUY-SELL ACTIVITY AT RECORD LEVELS
Haig Partners released its Q3 2021 Haig Report, the leading industry quarterly report that tracks trends in auto retail and their impact on dealership values. Highlights include a significant spike in dealership profits and skyrocketing demand from dealership groups that want to acquire more stores.
These trends have driven record-shattering blue sky values for dealerships. To learn more about findings from the Q3 2021 Haig Report, register for the live Q&A with Alan Haig taking place Thursday, November 18th at 1:00pm ET.
Key findings from the Q3 2021 Haig Report include:
- The Chipdemic continues to create extraordinarily favorable conditions in auto retail
- Dealership profits are erupting with the average privately-owned dealership making $3.4M (excluding PPP) over the twelve-month period ending September 2021
- Buy-sell activity is at record levels, reaching 575 this year, a 24% increase over the previous record of 463 in 2015
- Blue sky values continue to shatter records, rising to an estimated 61% from the end of 2019
- Public company spending on US auto acquisitions may reach $8B by year end 2021, 10x pre-Pandemic levels
- Public equity valuations are 108% higher than they were before the Chipdemic
