Is Now or Later the time to Sell a Car Dealership?
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Phil Villegas writes an interesting article and I have attached a link here. Worth reading for anyone contemplating buy-sells in the retail automotive world. He makes a compelling argument for selling a dealership today, while at the same time raising red flags and caution signals for buyers looking to invest. It is an interesting "crossroads" we all face in this industry today.
The consumer drives the car buying market. Not Wall Street. This Black Friday, every OEM threw a long ball and offered 0% for 72 months. What is the net effect of long terms and zero finance costs that have flooded the industry in recent years?