Haig Partners

**Transaction Announcement: Beyer Automotive Group of Virginia Sells Its Eight Dealerships** Haig Partners was honored to serve as the exclusive sell-side advisor to Mike Beyer and his family on the sale of Beyer Automotive Group, which was comprised of eight dealerships in Virginia. There were two buyers of Beyer Automotive Group. Open Road Capital purchased the Greater Washington DC dealerships comprised of Land Rover Alexandria, Beyer Volvo Cars of Dulles, Beyer Volvo Cars of Falls Church, Beyer Kia Falls Church, Beyer Subaru and Smokey’s Garage in Falls Church on October 10, 2024. Separately, Jim Keffer and Jon Alcorn purchased the Winchester, VA dealerships comprised of Beyer Volvo Cars of Winchester, Beyer Mazda and Beyer Volkswagen on August 30, 2024. Stephen Dietrich and Nicole Baron of Holland & Knight LLP served as legal counsel to Beyer Automotive Group and Jay A. Goldman, CPA of Boyer & Ritter LLC is its CPA. David Blum and Scott Wasserman of Akerman LLP served as legal counsel to Open Road Capital and Brian Brueggeman of Crowe is their CPA. Barrett Beaty of Charapp & Weiss, LLP served as legal advisor to Beyer Automotive Group in the sale of the Winchester dealerships. https://hubs.la/Q02TSG960

Alan Haig, Tom Doll, the retired President and CEO of Subaru and Yossi J Levi (Car Dealership Guy) sat down recently and had an insightful conversation discussing: > How to build an iconic and loyal brand following > Insights into Subaru of America's marketing strategy > How have/are consumer preferences changing > What Tom Doll has been doing since retiring Listen to this conversation to hear more about these and many other tidbits on building an iconic brand in auto retail. https://hubs.la/Q02TK6sp0

Several weeks ago, Haig Partners announced the sale of Hollywood Kia to Morgan Auto Group. Haig Partners was honored to work alongside Joe Levy and his family to help them maximize the value of their life's work, achieving the highest price ever paid for a Kia dealership. https://hubs.la/Q02TrqRw0 #HaigPartners #AutomotiveM&A #DealershipSales #KiaDealership #MorganAutomotiveGroup #AutomotiveIndustry #RecordBreakingSale

ICYMI: Jayson Crouch, Managing Director on our team who spent 12 years with Toyota Financial, provided his thoughts on the recent VW / Wells Fargo Announcement, which was featured in Automotive News. https://hubs.la/Q02Tl6d_0

Haig Partners continues its tradition of sponsoring the 2024 National Association of Dealer Counsel Fall Conference. This year, the conference will be held in Nashville 10/13-15. Managing Directors Kevin Nill, John Davis, Pete Thiel and Dave Rowe are attending on behalf of Haig Partners. https://bit.ly/48kJ4w9

Thank you, Automotive News, for including Haig Partners. Alan Haig shares the perspective from the buy-sell advisory side emphasizing uncertainty on how effective the program will be for Nissan. He shared, "Based on the amount of inventory on dealership lots, an incentive of $2,500 per car is what's needed, The current incentives seem far too low." We'd enjoy hearing from Nissan Motor Corporation retailers. https://bit.ly/3YhqCkt?

Transaction Announcement: Weiss Toyota of South County Sold to Victory Automotive Group Haig Partners served as the exclusive sell-side advisor to the owners of Weiss Toyota on its sale to Victory Automotive Group. Weiss Toyota of South County, located in St. Louis, Missouri, was owned by John Weiss and John Capps. Our client, John Capps shared in the press release, “I’ve been a dealer for my entire career and sold all kinds of new vehicles, including Volvos and Ferraris, but the best investment I ever made was to purchase this Toyota dealership,” said John Weiss, dealer principal. “I’ve loved representing the brand and building a talented team. My children decided to go into finance and healthcare, so when I decided I was ready to literally “go fishing” more often, I began to consider selling the dealership. I searched for a buy-sell advisory team that could assist us in finding the best buyer for our business and maintain confidentiality during the sale process. I want to thank Alan Haig, John Davis and Matt DeSantis from Haig Partners for guiding us to an outcome that we are all happy with. They are experts in this industry, seem to know every buyer out there, and did an admirable job representing us." From all of us at Haig Partners, we congratulate John Weiss and John Capps on the sale and Victory Automotive Group on the acquisition. https://bit.ly/3BEKyVw

Auto Retail and EVs: EV sales for brands like Mercedes-Benz and Audi have faced hurdles due to poor range as compared to Tesla. How do you see the future of EVs shaping the auto retail landscape? https://hubs.la/Q02Qttbd0 Source: Q2 2024 Haig Report®

Private Dealers Remain Active: Private dealers acquired 82 dealerships in Q2, showing that local players are seizing opportunities while public companies remain cautious. What does this shift mean for the future of auto retail? Source: Q2 2024 Haig Report® https://bit.ly/4gNSJil

Public Company Activity: In Q2 2024, public company dealership acquisitions fell steeply from Q1. Are we entering an era where local dealers take the lead in buy-sell activity? Source: Q2 2024 Haig Report® https://hubs.la/Q02QtlM70