The industry’s dealer count definitely took a hit through the economic downturn, with the National Automobile Dealers Association estimating that more than 3,000 dealerships shut their doors from 2008 to 2010. What you may not realize is that while market challenges may have signaled the end for some, they also created a nice opportunity for many to expand their current operations.
Whether you’re in the market to buy or sell a dealership, it’s important to understand which pitfalls to avoid if you’re planning to step into the fastmoving buy-sell arena anytime soon.