Dec 6, 2023 | Business Appraisal, Business Valuation, Car Dealership
Used car dealerships sell used vehicles such as cars, trucks, passenger vans, and SUVs to consumers. An industry report on IBIS World suggests that this industry has seen healthy growth in recent years, generating over $181.2 billion. Moving forward, used car...
Jul 21, 2021 | Business Valuation, Car Dealership, Valuation Multiples
Within the car dealership industry, there are used car dealerships and new car dealerships. Across the United States, there are nearly 22,000 new car dealerships and over 129,000 used car dealerships. Together the new and used car industry generates over $1 trillion...
Jul 15, 2021 | Business Valuation, Car Dealership, Value Drivers
Car dealerships are experiencing a shortage of cars on their lots. This is primarily due to supply chain shortages in the new car market. The lack of new cars is causing more individuals to hold onto used cars rather than buy a new car. Hence, used car dealerships are...
Jul 13, 2021 | Car Dealership, Value Drivers
The automotive industry is experiencing a drastic lack of cars due to supply chain shortages. This is severely impacting new car dealerships. With such a significant change in the automotive industry, many car dealers are looking to exit the market or enter the...
Jul 9, 2021 | Business Valuation, Car Dealership
The automotive industry is experiencing shortages of cars. Due to COVID-19, many supply chains are seeing an impact. The lack of new cars is causing fewer individuals to sell their used cars. Hence, many used car dealerships are experiencing a shortage of cars on...
Jul 7, 2021 | Business Appraisal, Business Valuation, Car Dealership
The automotive industry is experiencing a drastic lack of cars. This is primarily due to shortages in the supply chain due to the COVID-19 pandemic. As such, many car dealers are looking to enter or exit the market. Whether you plan on selling a new car dealership or...
