Managing Director Pete Thiel, who, prior to Haig Partners, spent more than twenty years at AutoNation, is featured in the Automotive News Buy-Sell Expert Q&A.
In this article, Pete answers questions about the compelling reasons why buyers are still aggressively looking for strategic dealership acquisitions, as well as discussing why it is still a good time to sell even though dealership profits are declining.
Questions answered include:
- What's driving the robust dealership buy-sell activity?
- What are the, if any, considerations that could slow dealership buy-sell activity?
- Why are buyers and investors actively (and in some instances aggressively) looking for dealerships to acquire?
- What are some of the reasons owners of dealerships are motivated to sell right now?
- Why is it more beneficial for a dealer to sell today versus 3-5 years from now?
