Discover the industry’s most trusted analysis of the buy/sell market and franchise values with Kerrigan Advisors’ Blue Sky Report®, the leading valuation publication in auto retail. The report offers exclusive insights into market trends, dealership buy/sell activity and the firm’s signature franchise blue sky multiples.
The 2024 Annual Blue Sky Report® by Kerrigan Advisors highlights the robust buy/sell activity in 2024, driven by more sellers coming to market seeking to capture historically high blue sky values and the largest dealership groups seeking greater local and regional scale. Kerrigan Advisors predicts 2025 to be an even more active year, as dealers’ confidence rose, driven by lower interest rates lower, moderating inflation and improvements in vehicle affordability.
The buy/sell market of 2024 was record-setting, up 10% from 2023 with 438 transactions completed and 697 franchises sold.
Source: The Banks Report, Automotive News, Kerrigan Advisors’ Research
The Kerrigan Blue Sky Index, a barometer of industry franchise value, remains 70% higher than 2019 levels. Sellers recognize current blue sky values for most franchises are attractive on a historical basis, albeit down 19% from their peak in 2022.
Source: Kerrigan Advisors
Methodology: Benchmarked to 100 at 12/31/2019.
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