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Bisa Nitip Bisa Dititp: '23 buy-sell activity to build off busy '22, '21 | US Auto Trust founder invests in what he loves — high-end cars | Details on more than 2 dozen deals
Monday, February 6, 2023
'23 buy-sell activity to build off busy '22, '21 | US Auto Trust founder invests in what he loves — high-end cars | Details on more than 2 dozen deals
While there's a mix of predictions on how many dealerships will trade hands in 2023, some professionals say the buy-sell market will be just as busy as the past few years.
Done Deals is a monthly look at the dealership buy-sell market. Readers can share story tips or deal news with Automotive News Retail Editor Melissa Burden at mburden@crain.com and buy-sell reporters Jack Walsworth at jwalsworth@crain.com and Julie Walker at julie.walker@crain.com.
■ Sweeney Chevrolet and Sweeney Buick-GMC | Boardman, Ohio » ■ Independence Toyota | Hazleton, Pa. » ■ Pfeiffer Lincoln | Grand Rapids, Mich. » ■ York Ford | Saugus, Mass. » ■ Suburban GMC-Buick-Cadillac | Costa Mesa, Calif. »
When dealers decide that they are interested in selling, the next question is often, “How?” Should they try to sell the business themselves by taking unsolicited calls from buyers or brokers? Should they contact their attorney or CPA and ask them to find a buyer?
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