![]() ![]() Specifically, the rise in international dealers coming to the US to acquire dealerships, a reflection of the value these buyers place on our strong franchise laws,” said Ryan Kerrigan, Managing Director of Kerrigan Advisors. “This transaction reflects a trend we reported on in our second quarter 2022 Blue Sky Report. They ushered this transaction from beginning to a very successful outcome and found an international buyer who appreciated the lucrative financial opportunity the Sacramento auto retail market, particularly in Elk Grove, presents.” They provide guidance through every phase of the transaction and do so in alignment with their client’s strategic objectives. Mark Lasher, Lasher Auto Group Co-Owner added: “Kerrigan Advisors is the premier advisor for dealership groups for a reason. ![]() “We are grateful that Kerrigan Advisors identified a private buyer with the same community, customer and employee focus – one committed to growing a group in California and being great stewards of our family’s dealership group going forward.” “We’ve always prioritized our long-standing connection to the thriving Sacramento auto retail market, particularly our customers and employees,” said Lasher Auto Group Co-Owner Scott Lasher. Elk Grove is the second highest volume car market in Sacramento, with approximately 180,000 residents and a population growth rate of 17% since 2010 – 131% faster than the US average. ![]() The dealerships dominate the Elk Grove auto retail market, with 34% market share of new units sold in 2021. Today, Lasher Auto Group is consolidated in the Elk Grove Auto Mall. In 2003, the family expanded to Elk Grove, a high growth Sacramento suburb and grew the business along with the community. In 1972, he opened an Audi dealership, and eventually handed over management to sons Mark and Scott Lasher. The Lasher Auto Group is one of the highest volume CJDR dealers in the US resulting in a significant price premium due to strong buyer demand despite some of the economic headwinds on the horizon.”Įstablished in 1955, Lasher Auto Group began when Wes Lasher opened his initial Volkswagen store in Sacramento. “This transaction is a perfect example of the tremendous value buyers place on high volume, high performing dealership platforms in top growth markets, such as Elk Grove, California. “We were honored to represent Lasher Auto Group on its sale to Knight Automotive Group,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. The Lasher Auto Group dealerships are among the area’s highest volume dealerships, including Elk Grove CDJR, which is the 3 rd and 14 th highest volume CDJR dealership in California and the US, respectively, as well as Elk Grove Subaru, the highest volume Subaru dealership in Sacramento based on 2021 new unit sales. INCLINE VILLAGE, Nev.-( BUSINESS WIRE)-Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Lasher Auto Group in its sale of five dealerships: Elk Grove Acura, Audi, Chrysler, Dodge, Jeep, Ram (CDJR), Subaru, and Volkswagen to Knight Automotive Group. ![]()
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