Dealers who may not want to completely exit the industry can consider divesting a store or selling a minority or majority stake in a dealership.
As the record-setting wave of dealership sales and acquisitions continues to sweep through the auto industry, many owners believe they have a binary choice: either sell or stay. But viable alternatives exist that would allow owners to stay in the game while shedding some of the day-to-day stressors and responsibilities. These options include divesting a store and selling a minority or majority stake in a dealership or dealership group, says Alan Haig, the founder and president of Haig Partners. Read on to learn more abouts the ins and outs of these alternative strategies.