Haig Partners Releases Q3 2024 Haig Report®: Insights Reveal a Resilient Auto Retail Sector and an Evolving Buy-Sell Market [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
Despite many challenges, including affordability concerns, interest rate pressures, and geopolitical uncertainties, U.S. auto dealers have continued to deliver strong financial performance, with profits per store remaining double pre-pandemic levels. "The resilience of the auto retail industry is truly remarkable," said Alan Haig, President of Haig Partners. "Dealers have demonstrated time and again their ability to adapt, innovate, and thrive, even amidst substantial headwinds. While profits have declined from their pandemic-era highs, they remain well above historical norms, creating robust opportunities for those considering entering or exiting the industry." Key Trends from the Q3 2024 Haig Report ® Evolving Buy-Sell Market: Dealership M&A activity picked up in Q3, keeping 2024 on track for another record year. 92 rooftops traded hands, marking a 10% increase over Q2. Private dealers accounted for 96% of these acquisitions, signaling their confidence in the long-term profita
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