”Eventually this wave is going to break. The question is, how long can we ride the wave?” — Dave Cantin
On the second episode of Transactions, we get into the nitty gritty.
Dave talks about the state of the automotive industry, including lessons we can learn from history about our current economy, and he explains why there’s no end in sight to the M&A frenzy that has taken place over the past year, saying, “Every public company is still out there looking for more acquisitions.”
We also hear why, at smaller family dealerships, the next generation is often not as interested in running the business as they were in past generations — a dynamic that, combined with the profits available for dealership sales, creates further activity on the seller side.
Plus, Dave talks about the consumer habits that are changing or will soon change, forever transforming the nature of the automotive business.
Interview Highlights:
- We learn about the $12B in “monster acquisitions” that have taken place in the past few months
- Dave makes a prediction for how many acquisitions we’ll see in 2022
- We hear about “tuck in” opportunities and how large auto groups are now taking advantage of them
Derek D is an actor, comedian, and host with 15 years of experience in the entertainment industry. Before becoming a host on the DNT podcast, Derek was well known in the automotive industry for hosting the award-winning car news show Fast Lane Daily.
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