Liquidity vs. control: 5 exit options for selling an auto dealership

Is it time to sell or otherwise transition your auto dealership business? Consolidation, new technologies, and changing consumer habits are disrupting the automotive retail industry. For dealership owners nearing retirement, it's more important than ever to have an exit strategy in place.

When developing a plan to sell your dealership, ask yourself a key question: are you prepared to give up control and receive the full value of the business in the short term, or do you want to retain control and get some value later or over time?

To get started, consider these five key exit strategies for auto dealership owners.

How BDO can support your dealership

BDO's team of experienced auto retail advisors can provide guidance and support at every step of the exit process, from strategy development to post-transaction. Along with our in-depth knowledge of the automotive sector, we conduct financial, operational, and market analyses to assess your unique business, personal, and family needs, as well as your market position and assets.

Contact us to learn more:

Jeff Noble
Director, Business & Wealth Transition

Shane Weimer
Partner, National Automotive Retail Leader

David Hertzog
Partner, GTA Automotive Retail Leader

For more information on key business issues for your dealership, BDO's Automotive Outlook report offers insights on today's auto retail market, including actionable strategies for owners and principals. Download your copy today.