In the WardsAuto article, "Buy-Sell Activity Continues to Surge," Alan Haig shared, "..that while volume is declining in the buy-sell market, it’s moving at a lower rate than the fall in dealership profits.

"The strong buy-sell market continues in part because dealers made so much money in 2021 and 2022. They’re still flush with cash. That means less need to borrow to make an acquisition. And dealers know better than anyone else that dealerships still represent a good investment.

“We are seeing prices coming down because earnings are coming down. People are not entering this industry cold. They have all this excess cash, and they don’t have any place to invest it that’s going to get a better return than a dealership.”

Read the full article at WardsAuto.com.

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