If you missed the Q2 2021 Haig Report live Q&A held on 8/27, you can view it here. Alan Haig shared trends from the Q2 Haig Report, discussed dealership buy-sell activity, and talked about how blue sky values continue to hit record levels.

Key findings from the Q2 2021 Haig Report include:

• An estimated 422 dealerships sold in the twelve-month period ended 6/30/2021, 41% more than in 2019, the last year before the Pandemic
• Blue sky values rose an estimated 52% from 2019 and 26% from the end of 2020 and are now at record-high levels
• Public equity valuations are 109% higher than they were before the Pandemic
• The average privately-owned dealership generated an estimated $3.1M in adjusted pre-tax profit over the past twelve months, 2.2x the level of profits in 2019, the last year before the Pandemic
• Public company spending on US auto acquisitions in the first half of 2021 was almost $2.0B, 756% more than they spent in the same period in 2020
• Unprecedented conditions continue in auto retail fueled by inventory shortages and strong economic recovery