INCLINE VILLAGE, Nev.–(BUSINESS WIRE)–Automobile dealers are more optimistic about the valuation of their dealerships this year than last year, according to the newly-released, second annual Kerrigan Dealer Survey. The survey was fielded by Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S.
The 2020 survey, which queried 680 dealers, found that 33% expect an increase in the value of their dealership – a 27% boost compared to 2019 findings, when only 26% of dealers expected their dealership value to go up. All told, more than 80% of dealers expect the valuation of their dealership to remain the same or increase. Just 14% expect a decrease in valuation.
“Despite the uncertainty and disruption caused by the COVID-19 pandemic, this survey finds dealers to be optimistic heading into the future,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. “We aren’t surprised. Our Q2 2020