Retail auto mergers and acquisitions (M&A) are picking up steam in 2024, even as dealership profitability normalizes from pandemic-era highs. According to Haig Partners, Q3 saw 92 rooftops change hands, marking a 10% increase from the previous quarter. Year-to-date, 389 dealerships have been sold, setting 2024 on pace to become the fourth-busiest year for M&A.
Private firms continue to dominate the market, driving 96% of all acquisitions….