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Car Dealer Insider June 15, 2012
| - How to maximize the value of your dealership or dealer group in very uncertain times
It's a good time to talk about dealership valuations, specifically getting the right value for your dealership whether you are a buyer or a seller. Business and profits for auto retailers are improving, Ford, GM, and Chrysler have shrunk their dealer networks and returned to profitability, Toyota and Honda aren't what they once were although their fortunes have recovered somewhat from last year's earthquakes and floods, and there is a lot of money available for dealership acquisitions. What does it mean for you? Buyers will always think everything is too expensive. What other elements that can affect valuations are just beneath the surface?
| - Trend Spotting
Tom Kontos of ADESA Analytical Services reinforced his longstanding view that used vehicle prices have probably seen their cyclical, as well as seasonal, peaks, average wholesale used vehicle prices were down on a year-over-year and month-over-month basis in May....
Based on data from CNW Marketing/Research, retail used vehicle sales in May were up 3.7% year-over-year for franchised dealers and up 0.5% for independent dealers....
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