In case you missed in last week's Automotive News: Sales Per Dealership Have Changed Significantly: Here is a 5-year lookback on unit change in average new car sales per dealership. Dealership Profits Continue to Fall: The decline in earnings has slowed in Q3 from the first two quarters of 2024 (see charts attached). We hope the profit decline levels out over the next two quarters or so, and perhaps we can regain profit growth. Dealership Valuations are Evolving: Some franchises enjoy profits near record highs, so their values remain near record high levels. Other brands have fallen much further in financial performance over the past year. Estimated Average Blue Sky Value Per Dealership: The Q3 average blue sky value is a 12% reduction from the end of 2023, which we now perceive as the market's peak. Average earnings remain well elevated from pre-pandemic times, and the demand from private buyers remains strong. Read more: https://lnkd.in/gbYs9CJr
