@USPS - I am sad to say that I must ban using your delivery services. Last 2 priority mail orders I have placed have been woefully delayed. I paid almost $30 for 2-3 day delivery. It has been 8 days and still no delivery.
I do not post often, but I am posting for a good reason. My boss, Alan, is running the New York Marathon this November - and for a GREAT cause. If you are so inclined would you consider a donation to Memorial Sloan Kettering Cancer Center: https://t.co/7Ysc21HMKY
Transaction Announcement: Haig Partners advised on the sale of Fullerton Auto Group in NJ to Performance Auto Group. This marks our 24th NJ dealership sold and reflects continued buyer interest in prime locations and growing demand for Stellantis franchises.
https://t.co/EnUeXpeeub
The number of dealerships trading hands in 2023 is the 4th most active year for dealership buy-sell activity in history.
No ‘mega deals’ like in the last three years, but large groups are trading.
@HaigPartners advised 4 groups (5 or more stores) on exiting or divesting.
The auto retail sector continues to show resilience!
Despite market challenges, Q3 2024 was a strong quarter for dealership transactions.
Read more insights here: https://t.co/hJC2gozdeB
I do not like sharing my personal, tragic news on social media.
However, I want to share how tragedy built a life-long brand advocate in me, even though I will no longer be a customer at @Chewy or @thefarmersdog.
Read more on LinkedIn: https://t.co/CUULXvlm2u
@GuyDealership My husband works for the fourth largest propane retailer in the US (not dealership-related), and they have multiple platforms still down. Also, we cannot access some of our online banking with certain financial institutions. It could be a coincidence, I guess.
** Transaction Announcement: Greenway Automotive Sells Greenway of the Shoals to ZT Automotive **
Haig Partners was honored to serve as Greenway Automotive's exclusive sell-side advisor on the sale of these four Alabama stores.
https://t.co/K2LyZuFbcf
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...
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.
https://t.co/fsAhQgDryn
One of the most sought after data points with every quarter (since 2014!) are the average blue sky multiples by auto franchise as published by Haig Partners.
From Broke to Millionaire Toyota Dealer:
• Selling 1,200 cars on a "slow" month
• How to build a top 5 Toyota store
• Trailblazing as a female Dealer Principal
My conversation with Julie Herrera, President of IDEA Auto Group:
The ��death of bricks and mortar.”
This is reminds me of 2005-2006 and retailers fearing all shopping would move online.
Reality - online retailing has created opportunities.
https://t.co/uXD6yAxOcl
Next-generation owners of dealerships have to shift their mindset from being a care taker to being an empire builder in order to take the business in to the future. We discuss this and more with @rawlsgroup.
https://t.co/PM4NydIOjE
This is why we do what we do!
Thank you #JackSalzman and #RobinSmithSalzman for your trust in us, and allowing us the honor of being a part of the journey. Congratulations on an amazing evening!
Word of the day: “INTEGRITY” - I believe it’s the one of THE most important qualities in all aspects of relationships (home, work, school, etc). It makes you invaluable. Without it, who or what are you?
Alan Haig was interviewed a while back by @SullyCNBC and shared the story of a dealer who had to bring in diesel powered generators to power his electric vehicles (because of lack of power supply)….
Dealership profits continue to tighten, yet demand for stores from buyers/investors remains strong.
Owners of high-value dealerships/dealership groups considering a sale AND buyers looking for acquisitions are navigating a “new normal in dealership M&A.
The buy-sell market continues to be busy, even as dealership profits tighten. Buyers and sellers alike need to know how to navigate the changing landscape. Read more in this @Automotive_News article.
https://t.co/3B0lpjbLeW