The larger privates are going to look for economies of scale, said dealer Rita Case. But the largest percentage of trading will be among single-point dealers.
LAS VEGAS — Looking for places to invest money from record profit years and a need to attract top talent are two factors driving growth in dealership mergers and acquisitions, dealers said Thursday at the J.D. Power Auto Summit panel on consolidation.
"The publics are going to continue to expand, but they are not going to expand at any greater rate than they are right now," said Rita Case, CEO of Rick Case Automotive Group, in Sunrise, Fla. Rick Case Automotive ranks No. 22 on Automotive News' list of the top 150 dealership groups, with 26,213 new vehicles retailed in 2022. The group operates stores in south Florida and Atlanta.
"The business is getting more complex to run," Gee said. "Access to talent is a challenge."
Erin Kerrigan, managing director of Kerrigan Advisors, a dealership sell-side firm in Incline Village, Nev., moderated the panel.
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