5min chapter

Car Dealership Guy Podcast cover image

#21 Secrets of buying and selling dealerships, Best and worst auto franchises, Lessons from $5.5B of dealership buy-sell transactions, Have dealership profits peaked? | Alan Haig, President & Founder, Haig Partners

Car Dealership Guy Podcast

CHAPTER

How to Transition to an Independent Dealer M&A Market

There's no guarantee of financing for an independent dealer. If you're a successful independent dealer banks have seen your track record They want to loan you money. I would say it's not black and white from my experience as an indie on that end. You can't just go and set up a Toyota store right you have to buy them and then I have less Diversification the use car market decline as I lose money, you know all my inventory Versus I've got parts franchise business. There are more levers that you can pull more flexibility is a business than on the independent side. Some groups that have grown large enough to sell me penske bought two groups Up in the northeast. But what

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