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Dealership merger, acquisition activity jumps 140% in 2011

April 13, 2012
Merger and acquisition activity by public dealership groups last year jumped 140 percent above the 2010 total, according to the Presidio Group’s Automotive Retail M&A Report.
Presidio combed through corporate SEC filings to determine that publicly held dealer groups completed $512 million in acquisitions in 2011. While making a significant year-over-year climb, Presidio acknowledged the total is still well-below the all-time record of more than $1 billion set in 2006.
According to Auto Remarketing, analysts believe the past year’s activity represents an accelerating trend in the M&A market. Private buyers are also active, though terms of their purchases of dealerships and dealership groups are not reported.
The Firm believes the industry is still in the early stages of at least a five-year up-cycle and anticipates continued high levels of activity for several years. Alan Haig, managing director and head of Presidio’s automotive retail services group, said M&A activity is gaining strength in 2012.