Dealership Buy-Sell Frenzy Throws Up Year-End Hurdle
Business attorney Stephen Dietrich spoke with Automotive News about the end of year dealership buy-sell frenzy. With the volume of dealership buy-sell deals on track to reach record heights in 2021, the usual year-end rush to complete transactions is hitting some snags.
Brokers, lawyers and accountants say they are seeing delays in getting automaker approvals for some transactions or getting necessary tasks completed in time to close deals before the December holidays.
"It's probably as busy at the end of the year as I've seen it," said Mr. Dietrich. "I have seen more deals sort of slipping and sliding around just because you have to adjust and deal with the different timing issues."
READ: Dealership Buy-Sell Frenzy Throws Up Year-End Hurdle (subscription required)