Blog by Carrie Forbes
The Phillips Report - July 2022
Mattie Volkswagen Audi in Fall River, MA Sold to Dan Doucette and David Rosenberg
Orange Chrysler Dodge Jeep Ram in Orange, MA Sold to Sonia's Auto Group
Ed Reilly Subaru in Concord, NH sold to Dennis Wilson Jr.
Knight Buick GMC Sold to Canadian Dealers
CARS for CASA Raises over $170,000 on behalf of children who experience abuse and neglect
Nancy Phillips Associates is pleased to present The Phillips Report 2021. This report is the only publication that specifically speaks to auto dealership transaction values, trends, and trajectories in the New England and Greater New York market areas.
For the second year in a row, our industry...
Bill Rapp Auto Group Acquires Mort Backus & Sons, Ogdensburg, NY
8 Key Points You Need to Know from the 2021 NADC Conference
We recently returned from the National Association of Dealer Counsel Convention (NADC) in Chicago. The keynote presentation by highly-acclaimed franchise law firm of Bass Sox Mercer, titled ‘Will Dealers Remain Relevant’ was a sobering message.
While it is difficult to focus...
Huttig Group Acquires Durocher Chrysler Dodge Jeep Ram
The new name of the dealership is Huttig Chrysler Dodge Jeep Ram. Julie Huttig is Dealer Principal of the new store as well as Huttig Nissan, also in Plattsburgh. The Huttig family’s holdings include four franchised dealerships along with a group of NAPA Auto Parts stores in New Yor...
Benefits of Selling Your Dealership Now Rather Than Later
None of us know for sure the trajectory of our industry and our country in this most unpredictable of times. Between political upheaval, catastrophic events, vehicle inventory shortages and economic instability, the current profitability of the auto industry may not be susta...
Effective Planning Now Will Minimize Your Future Tax Increases
If Your Assets Exceed Federal Estate Tax Exemption
If the value of your dealership and other assets exceeds the federal estate tax exemption, you should immediately create a plan that will minimize your estate tax exposure and maximize what your heirs will retain after taxes.
If You ...
4 Reasons to Schedule Your Dealership Evaluation Today
As markets continue to change and adjust with the latest economic factors, many dealers revisit their exit strategies. With increased taxes on the horizon, industry consolidation, questionable futures, and at the same time higher dealership values, it's easy to see why owners are ret...
Testimonial - Johanna Cicotte, Nissan of Lebanon
