At the AICPA Forensic & Valuation Services Conference in New Orleans, Timothy W. York (Dixon Hughes Goodman LLP) mentioned a new resource for experts valuing automobile dealerships. The Automotive Buy Sell Report follows industry trends and news about the purchase, sale, and valuation of automobile dealerships. For example, its “Transaction News” section reports that a Detroit-area Hyundai dealership recently sold its real estate for $3.13 million and an undisclosed amount for the franchise. The 28,000-square-foot dealership sits on 4.5 acres.
If you don’t have it already, Key Trends Driving Auto Dealership Value: A BVR Special Report is a perfect companion to the Automotive Buy Sell Report.
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