by Lauren Pfohl | Aug 3, 2021 | Insights
The pace of consolidation in the retail automotive industry has dramatically increased since the middle of 2020, including more large dealership groups being sold than ever before. The Presidio Group leads investment banks in automotive-focused strategic...
by JayX8 | Apr 8, 2021 | Insights
Dealers are facing a moment of reckoning. They need to invest in a fully digital experience while also offering an offline sales process, at least for now. While the record profit levels generated in 2020 continue, the conditions that allowed that won’t last forever....
by JayX8 | Dec 22, 2020 | Insights
Succession has in recent years been a major driver behind the decision by auto dealership owners to sell. To be sure, that is still motivating many. But there are myriad other reasons owners sell, some unique to the ownership structure. We estimate family-owned...
by JayX8 | Oct 20, 2020 | Insights
Before March, dealerships were taking baby steps towards a true end-to-end online retail experience. COVID-19 upended that strategy. Suddenly the only way dealers could sell to consumers was online. The step-by-step move to digital was replaced by a headlong rush....
by JayX8 | Jul 26, 2020 | Insights
There has been a fundamental shift in consumer behavior as a result of COVID-19. It is changing both the retail and wholesale sides of the automotive business. Take used vehicle auctions. While physical auctions will be here for a while longer, an ever-larger...
by JayX8 | Jun 23, 2020 | Insights
Dealerships are linchpins of their communities and as COVID-19 caused widespread hardship, dealers stepped up to help in myriad ways. From taking lunches to local hospitals to sourcing personal protection equipment for first responders, they were there when they were...
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