HaigPartners @HaigPartners
We advise owners of high-value dealerships and dealership groups on maximizing the value of their businesses when they are ready to sell. haigpartners.com Ft. Lauderdale, FL Joined July 2022-
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To all dealers (or investors in dealerships) in California or who do business in California, this is a must-read! Thank you, @CNCDA, for such great information and insights and for all that you do to help, support, and drive growth in the auto retail industry. #autoretail…
To all dealers (or investors in dealerships) in California or who do business in California, this is a must-read! Thank you, @CNCDA, for such great information and insights and for all that you do to help, support, and drive growth in the auto retail industry. #autoretail…
David Hult with @AsburyAutoGroup shared on the Q1 2024 earnings call (in part), "In the current market that we're in, there's certainly a lot of stores on the market from an M&A standpoint. But I think we really want to be extremely selective." bit.ly/3QpcgKF
2023 was the third- busiest year in automotive history for dealership M&A and expect more of the same for 2024. Valuations are elevated above pre-pandemic levels. Meaning dealers can sell for high prices and move onto the next stages of their lives. bit.ly/3QlLEKx
While wages have been steadily increasing over the years, ATP has been rising faster. From 2012 to 2021, the average American had to spend between 30 and 35 weeks’ worth of income (“WWI”) to purchase a new vehicle. Then, the pandemic hit. bit.ly/4cRqfCA
Vic Bailey Automotive, a second-generation, family-owned-and-operated business, served the greater Spartanburg and Greenville, SC region for over 54 years. We announced the sale in December, but the news comes and goes, It deserves another congratulations! bit.ly/44eJBxi
Toyota reported this AM it sold 11.1 Million cars in a single year. The *most* of any car brand …ever. Absolutely wild. Source: carguymedia.com/3WajbLl
Vehicle inventory levels are high for some car dealers. And we know that days on the lot matter to dealers in terms of profits.
Vehicle inventory levels are high for some car dealers. And we know that days on the lot matter to dealers in terms of profits.
Life is getting harder for auto dealers, but it’s still pretty darn good. Just about everyone has anticipated a decline in profits in auto retail. The big question on our minds is, where will profits level off? Read the Alan Haig's article on @LinkedIn linkedin.com/pulse/average-…
We support and applaud the work of state associations on this issue, defending franchise laws vital to dealers. These laws enable dealers to serve consumers effectively, underpinning the automotive industry. Keep up the invaluable effort! #AutoIndustry #FranchiseLaws…
Auto dealerships face challenges with a 23% decrease in 2023 profits, set for another double-digit decline in 2024. Strategic shifts towards quality franchises like Toyota and divestitures signal adaptation for resilience. bit.ly/3Qc3D5M
Thank you, @GuyDealership for the coverage!
Thank you, @GuyDealership for the coverage!
We are proud sponsors and supporters of the OADA - (@OhioAutoDealers) Annual Convention. If you will be at the convention in Sandestin, be sure to connect with Kevin Nill. bit.ly/3JkQNhY
If you have been wondering how Alan Haig got into buying and selling dealerships early in his career with @AutoNation - or just want to hear the discussion with @GuyDealership on what makes the car business so special...
If you have been wondering how Alan Haig got into buying and selling dealerships early in his career with @AutoNation - or just want to hear the discussion with @GuyDealership on what makes the car business so special... https://t.co/RuGrVCuevv
Alan Haig spent time with Car Dealership Guy discussing family and business, why the entrepreneur is so important to the auto retail business model and other topics. Spoiler alert: Alan shares how he got his start in the car business. bit.ly/3vRpZmm
According to @CoxAutomotive, customer WWI declined to 37.5 in January 2024, a 9% decline from the December 2022 peak. We hope this trend continues as more affordable models and trims reach dealers around the country.
According to @CoxAutomotive, customer WWI declined to 37.5 in January 2024, a 9% decline from the December 2022 peak. We hope this trend continues as more affordable models and trims reach dealers around the country.
Haig Partners is a proud sponsor of the NADC Annual Conference. Also, Alan Haig is moderating the, "Asset Purchase Agreements: The Caps and Traps of Indemnity Holdbacks" discussion with Calvert Law Group and Killgore Pearlman & Semanie. bit.ly/3xIzlBd
Sales of new units increased in 2023, with 20 of the 23 franchises we track selling more new units than the prior year. @Acura, @INFINITIUSA and @Honda sales grew the most. @Stellantis, @MercedesBenz and @LincolnMotorCo sales volume fell year-over-year. bit.ly/3TTZdS6
The 2024 Top 150 Dealership Groups from @Automotive_News is out! autonews.com/top-150-dealer…
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2023 was the third- busiest year in automotive history for dealership M&A and expect more of the same for 2024. Valuations are elevated above pre-pandemic levels. Meaning dealers can sell for high prices and move onto the next stages of their lives. bit.ly/3QlLEKx
Vic Bailey Automotive, a second-generation, family-owned-and-operated business, served the greater Spartanburg and Greenville, SC region for over 54 years. We announced the sale in December, but the news comes and goes, It deserves another congratulations! bit.ly/44eJBxi
We support and applaud the work of state associations on this issue, defending franchise laws vital to dealers. These laws enable dealers to serve consumers effectively, underpinning the automotive industry. Keep up the invaluable effort! #AutoIndustry #FranchiseLaws…
Life is getting harder for auto dealers, but it’s still pretty darn good. Just about everyone has anticipated a decline in profits in auto retail. The big question on our minds is, where will profits level off? Read the Alan Haig's article on @LinkedIn linkedin.com/pulse/average-…
Vehicle inventory levels are high for some car dealers. And we know that days on the lot matter to dealers in terms of profits.
High inventory levels put pressure on retailers, who have to sell some of them at a loss, and harm OEMs who suffer lower future sales as retailers reject additional shipments of new inventory. Read more in the Q4 2023 Haig Report®: bit.ly/3PSqGT3
Toyota reported this AM it sold 11.1 Million cars in a single year. The *most* of any car brand …ever. Absolutely wild. Source: carguymedia.com/3WajbLl
ANNOUNCEMENT I’ve listened to your feedback: “CDG, I love your stuff… but i’m busy and sometimes miss important posts. Can you summarize all your weekly content?” Done — Incredibly excited to release the first-ever CDG’s Week-in-Review. Read it now and subscribe to get…
Today marks a BIG milestone for Ricart Ford! We’ve been #1 in our city, state, and region for decades, BUT in March we hit an outstanding 19th position NATIONWIDE! Outperforming over 3,000 Ford dealerships in the U.S. 🥇 This is no small feat, and we did it together! This…
Auto dealerships face challenges with a 23% decrease in 2023 profits, set for another double-digit decline in 2024. Strategic shifts towards quality franchises like Toyota and divestitures signal adaptation for resilience. bit.ly/3Qc3D5M
@Automotive_News news just shared, “Teaser image shows the 2025 Toyota 4Runner with a large infotainment screen and a sliding rear window. All design changes are expected to be revealed April 9.” Data below is historical sales of the 4Runner. How will the 2025 edition compare?
@Toyota dealers with the launch of the 2025 4Runner: - How excited are you for the new Sixth Gen. model to arrive this fall? - How will the Sixth Gen. model sell compared to the outgoing generation? - Which new Toyota SUV are you most excited about? (data: @Automotive_News)
Thank you, @GuyDealership for the coverage!
Automakers are playing a risky game. New car inventories hit a peak this January — the highest level since June 2020. February started with an 80-day supply of new vehicles, matching January but up 40% from the same time last year. This is good news for consumers: The average…
Automakers are playing a risky game. New car inventories hit a peak this January — the highest level since June 2020. February started with an 80-day supply of new vehicles, matching January but up 40% from the same time last year. This is good news for consumers: The average…
Scaling a $4.5B Dealership Empire: • Future of the franchise model • The "15-minute" car sale • Steps to writing a $1B+ check and much more! My conversation with David Hult, CEO of Asbury Automotive Group:
We are proud sponsors and supporters of the OADA - (@OhioAutoDealers) Annual Convention. If you will be at the convention in Sandestin, be sure to connect with Kevin Nill. bit.ly/3JkQNhY
@Toyota dealers with the launch of the 2025 4Runner: - How excited are you for the new Sixth Gen. model to arrive this fall? - How will the Sixth Gen. model sell compared to the outgoing generation? - Which new Toyota SUV are you most excited about? (data: @Automotive_News)
275K unique listeners for the @CDG_Podcast over the past 12 months. Pinch me. Tomorrow is one of our biggest episodes ever.
If you have been wondering how Alan Haig got into buying and selling dealerships early in his career with @AutoNation - or just want to hear the discussion with @GuyDealership on what makes the car business so special...
Alan Haig spent time with Car Dealership Guy discussing family and business, why the entrepreneur is so important to the auto retail business model and other topics. Spoiler alert: Alan shares how he got his start in the car business. bit.ly/3vRpZmm
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