The Q1 2022 Haig Report was featured in the "Q1 buy-sells tracking on same busy pace as '21" article by Jack Walsworth with Automotive News.
Founder and President of Haig Partners is also quoted talking about economic indicators like high inflation and fuel prices, lower consumer sentiment and rising interest rates:
"But because of the lack of new-vehicle supply, dealership profits are at record highs," he said. "So what we're seeing on the bottom line for dealers is totally different than some of the other economic indicators would suggest. And historically, auto retail was a leading indicator of the economy. We'd go into a recession first and come out of a recession first. But that relationship has been severed because of the shortage of inventory."
"It's going to be another really strong year," Haig said. "There are plenty of dealers that have been making so much money recently. A lot of families have decided, 'Hey, we want to make this our family future. And so we want to get bigger.' And they're using that money to buy more dealerships. I think the public companies, so far, have decided they want to get bigger, too. They don't want to be left on the sidelines."
Read the full article at autonews.com [may require a subscription].
