Cox Automotive shared data and research from the Haig Report®, highlighting blue sky values for brands Toyota and Lexus:
"The extent to which these two brands drive profit is staggering. According to Cox Automotive analysis, Toyota and Lexus dealers captured 29% of the industry’s total new car gross margin in February, despite their combined dealer network representing only 9% of the nation’s dealerships. This math helps explain why the average Lexus dealer blue sky valuation from Haig Partners is 8-10x earnings, and Toyota’s is 7-8x earnings, both best in class for luxury and non-luxury franchises."
