The car that cares

Car dealership buy-sell frenzy will continue in 2022

“Because of what is actually going on in the money markets and with the community organizations, activity begets activity,” stated Mark Johnson, president of purchase-promote organization MD Johnson Inc. in Enumclaw, Clean. “So when sellers see other sellers marketing, it sort of will get in the again of their head, ‘What do they know I will not know?’ Normally it is really practically nothing other than that seller has determined, ‘This is very good timing for me,’ and other sellers are looking at the same detail.

“There is sellers that have marketed this 12 months that I considered would not really be that intrigued in marketing correct now.”

Teddy Morse, CEO of Ed Morse Automotive Group of Delray Beach front, Fla., described present day purchase-promote current market as “pretty energetic.” His group this thirty day period acquired 4 suppliers throughout Missouri and Illinois in two individual transactions.

“We get available at least two distinct bargains a week,” Morse stated. “Some of them are one-point suppliers, some are groups. And the broad the vast majority we say no to because it won’t match our small business model for a single motive or another.”