Kerrigan Advisors Signifies Fuccillo Automotive Group in Sale of Fuccillo Kia of Clermont

Orlando-spot dealership offered to Morgan Automotive Team, marking the 155th Kerrigan-led dealership sale because 2015

INCLINE VILLAGE, Nev., June 08, 2022–(Organization WIRE)–Kerrigan Advisors, the leading sell-side advisor and believed lover to car sellers nationwide, represented Fuccillo Automotive Group in the sale of Fuccillo Kia of Clermont to Florida’s Morgan Automotive Team, a person of the speediest escalating and premier personal dealership groups in Florida.

With the transaction, Kerrigan Advisors has now sold 6 Florida dealerships on behalf of the Fuccillo family because December 2019 it is also the 155th sale led by the company because 2015. Kerrigan Advisors is the most lively car dealership sell-facet advisor in the state of Florida.

Launched about 30 yrs ago, the Fuccillo Automotive Group designed a reputation for friendly services that resulted in a commanding position in the extremely sought-after Florida car or truck market. Fuccillo Kia of Clermont, located in the Orlando metropolitan location, is between the most appealing suppliers in just one of the speediest escalating marketplaces in the US: Orlando is the 3rd most significant metro in Florida, 4th largest in the Southeast, and 22nd greatest in the United States — and among the the top regions nationally for task growth, job chance, high-quality of life, and education. Clermont alone is just one of the 20 swiftest growing towns in the area.

The acquirer, Morgan Automotive Group, is ranked in the top 10 by Automotive News in its Leading 150 Dealership Teams list, with 53 Florida locations in Tampa, Gainesville, Ocala, Lake Town, Jacksonville, Sarasota, Naples, Fort Myers, Brandon, New Port Richey, Orlando, and the encompassing locations.

“Florida dealerships are between the highest quantity and most lucrative in the nation,” explained Gabe Robleto, Vice President of Kerrigan Advisors. “Offered that simple fact, we were being humbled to once again advise the Fuccillo relatives, this time on the Fuccillo Kia of Clermont transaction. We’re happy of the perform we have accomplished in serving to the relatives monetize above 30 years of devotion, tough work and neighborhood expenditure.”

“Representing the Fuccillo corporation all over again was a real honor,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. “Demand from customers for dealerships stays at record high stages offered the industry’s robust profitability and desirable small business model. Kerrigan Advisors expects 2022 to be at or previously mentioned 2021’s record degree for transactions, as valuations stay large and sellers continue on to allocate record quantities of capital to acquisitions.”

Kerrigan also mentioned that demand for dealerships in Florida is the best in the country. Just one out of each and every 3 purchasers in Kerrigan Advisors’ proprietary consumer database is seeking a dealership in Florida, ensuing in blue sky multiples 1 to two turns bigger, as in comparison to the published nationwide multiples in The Blue Sky Report. Kerrigan also commented that demand for Kia dealerships is on the increase and this transaction demonstrates the franchise’s elevated blue sky numerous in the most new Kerrigan

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Automobile-Wares Group of Corporations Names 2022 Technician of the Calendar year

Each year Automobile-Wares Team of Organizations chooses one technician from its Qualified Services Centre Network to stand for them at an all-bills-paid out excursion to the Nationwide Alliance Technician of the Year level of competition. Automobile-Wares Group of Firms is happy to announce its 2022 Technician of the 12 months as Joe Stewart. Stewart is the shop foreman at The Brighton Garage in Brighton, Michigan, an Vehicle Value Accredited Company Centre considering the fact that April 2021.

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This calendar year, the Countrywide Alliance Technician of the Yr level of competition will be held July 11-14, in Detroit, Michigan – The Motor Town. In 2021, the competitors introduced together 12 persons from throughout North The usa, and 2022 is anticipated to deliver collectively a identical quantity. Stewart and the other finalists will acquire a live tailor made ASE Technician of the Calendar year test, where a winner will be established dependent on the highest closing check rating. The vacation also includes visits to the Henry Ford Museum, The Ford Rouge Factory Tour, and an prospect to travel on the M1 Concourse monitor.

Finalists were being judged based mostly on a blend of training hrs attended, assortment of education and learning received, volunteer/excess-curricular exercise participation, enthusiasm for the sector, alongside with reference letters and letters of suggestions. 

“Tech of the 12 months delivers out the greatest in our network each individual yr. This yr was no exception, and it did not acquire very long to comprehend that Joe’s degree of training, working experience, and professionalism is particularly what we are searching for” said Dan Hosler, Certified Service Centre program manager for Car-Wares.

The Brighton Garage is aspect of The Detroit Garage Automobile Loved ones, a group of sector primary automotive repair service stores, world class technician’s and a profits and assistance employees second to none, according to their web page. Daniel Groen, regional supervisor for The Detroit Garage explained, “Joe is frequently expanding and instruction as a technician and has been throughout his career. He actively trains our new crew users, pushing them to obtain experienced success and pride with ASE Certifications. This persistent pursuit of car repair service knowledge and progress is some of what sets Joe apart from his friends. Hybrid, electrical, and diesel motor vehicles do not discourage Joe from the industry but encourage him to acquire the abilities to lead his facility, and someday several services, to the good results this complicated sector can obtain.”

Pictured earlier mentioned:  Joe Stewart (Store Foreman, The Brighton Garage) and Jesse Higbee (Territory Sales Supervisor, Auto- Wares Team of Businesses).

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Interior Car Accessories Market Dynamic Business Strategy Covers by Raising Growth CAGR of 5.6% by 2028 | Pioneer Corporation, Star Automotive Accessories, Garmin Ltd., H.I. Motors, Pecca Group Berhad, Covercraft Industries

Interior car accessories are automotive accessories that are used to improve the interior appearance of the vehicle. Car seat cover, sound insulation, car pillow, door panels, interior trims, cockpit modules, steering wheel covers, headliners, stereos, speakers, security features, a navigation system, car mats, etc. are some of the interior car accessories.

The global Interior Car Accessories Market was accounted for US$ 202,938.9 Mn in terms of value and 803,8563.5 Thousand Units in 2019 and is expected to grow at CAGR of 5.6% for the period 2020-2027.

As the report proceeds further, it covers the analysis of key market participants paired with development plans and policies, production techniques, and price structure of the Interior Car Accessories Market. The report also identifies the other essential elements such as product overview, supply chain relationship, raw material supply and demand statistics, expected developments, and profit and consumption ratio.  
The key features of the Interior Car Accessories Market report 2022-2027 are the organization, extensive amount of analysis and data from previous and current years as well as forecast data for the next five years. Most of the reports are made up of tables, charts and figures that give our clients a clear picture of the Interior Car Accessories Market. The structure of Interior Car Accessories Market by identifying its various segments and sub-segments to help understand the report.

𝗧𝗼 𝗞𝗻𝗼𝘄 𝘁𝗵𝗲 𝗟𝗮𝘁𝗲𝘀𝘁 𝗧𝗿𝗲𝗻𝗱𝘀 𝗮𝗻𝗱 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗣𝗿𝗲𝘃𝗮𝗹𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗣𝗿𝗲𝘀𝘀 𝗥𝗲𝗹𝗲𝗮𝘀𝗲 @
https://www.coherentmarketinsights.com/insight/request-pdf/3904

Reasons to Buy this Interior Car Accessories Market  Report:

Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Interior Car Accessories Market
➡Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging Interior Car Accessories Market
➡Leading company profiles reveal details of key Interior Car Accessories market players emerging five operations and financial performance
➡Add weight to presentations and pitches by understanding the future growth prospects of the emerging Interior Car Accessories Market  with five-year historical forecasts
➡Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀: Momo Srl, Pioneer Corporation, Star Automotive Accessories, Garmin Ltd., H.I. Motors, Pecca Group Berhad, U.S. Auto Parts Network, Inc., Covercraft Industries, LLC, O’Reilly Auto Parts, Lloyd Mats, CAR MATE MFG. CO., Ltd., and Classic Soft Trim.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗟𝗲𝗮𝗿𝗻 𝗠𝗼𝗿𝗲 𝗔𝗯𝗼𝘂𝘁 𝘁𝗵𝗶𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵? 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗡𝗼𝘄 @
https://www.coherentmarketinsights.com/insight/request-sample/3904 

Key Drivers

Strong growth in automotive industry due to increasing sale of vehicles is a prime factor propelling growth of the interior car accessories market. According to the India Brand Equity Foundation, in FY21, passenger vehicles sales reached 27.11 lakhs units, two-wheelers reached 151.19 lakhs units, commercial vehicles sales reached 5.69 lakhs units and for three-wheelers it was 2.16 lakhs units. In 2019-20, the total passenger vehicles sales reached ~2.8 million, while ~2.7 million units were sold in FY21.

Rising popularity of multimedia car accessories is again fostering growth of the market. For instance, in October 2021, Harman

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Asbury Automotive Group Reports All-Time Record EPS of $10.38, for First Quarter 2022, up 117% Over Prior Year, and Announces Update to Strategic Growth Plan

DULUTH, Ga.–(BUSINESS WIRE)–Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported record first quarter 2022 net income of $237.7 million ($10.38 per diluted share), an increase of 156% from $92.8 million ($4.78 per diluted share) in the prior year quarter.

“In the first quarter, our legacy Asbury and recently acquired stores contributed to the Company generating all-time record adjusted EBITDA, which increased 139% to $336 million. We are excited about our expanded dealership portfolio and our team members, all of whom have done an outstanding job. The strategic fit of the acquisitions we made in 2021 is clear and we believe that we are now on pace to generate $16 billion in revenue in 2022, a 63% increase over 2021. We have updated our strategic growth plan to reflect our new target of $32 billion in revenue in 2025. Our first quarter results reaffirm our belief that we can achieve our updated 2025 plan,” said David Hult, Asbury’s President and Chief Executive Officer.

“We see tremendous opportunity ahead of us as we roll out Clicklane to our acquired dealerships and integrate Total Care Auto, Powered by Landcar, or TCA, into the legacy Asbury stores. We expect these actions, along with a more optimized dealership portfolio, will allow Asbury to expand its market share, increase productivity and improve the purchasing, servicing and ownership experience of our guests.”

The financial measures discussed below include both GAAP and adjusted (non-GAAP) financial measures. Please see reconciliations for non-GAAP metrics included in the accompanying financial tables.

First quarter 2022 adjusted net income, a non-GAAP measure, increased 134% year-over-year to $212.2 million ($9.27 per diluted share) compared to adjusted net income of $90.7 million ($4.68 per diluted share) in first quarter 2021. Adjusted net income for first quarter 2022 excludes gains, net of tax, of $25.5 million ($1.11 per diluted share) related to a $33.1 million ($1.08 per diluted share) gain on the sale of four dealerships and a $0.9 million ($0.03 per diluted share) sale-leaseback real estate gain.

Net income for the first quarter 2021 was adjusted for the following pre-tax items: gain on legal settlements of $3.5 million ($0.14 per diluted share), gain on sale of real estate of $1.1 million ($0.03 per diluted share), and other real estate related charges of $1.8 million ($0.07 per diluted share).

First Quarter 2022 Operational Summary

Total company vs. 1st Quarter 2021:

  • Revenue of $3.9 billion, an increase of 78%
  • Gross profit increased 107%
  • Gross margin increased 270 bps to 20.2%
  • New vehicle unit volume increased 44%; new vehicle revenue increased 61%; gross profit increased 197%
  • Used vehicle retail unit volume increased 63%; used vehicle retail revenue increased 100%; gross profit increased 102%
  • Finance and insurance revenue increased 130%; gross profit increased 118%
  • Parts and service revenue increased 92%; gross profit increased 70%
  • SG&A as a percentage of gross profit fell to 57.5%, a decrease of 520 bps
  • Operating income increased 135%; adjusted
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St. Louis-dependent Vehicle Dealership Group Provides Mighty Auto Areas Franchise | News

Mighty Distributing Procedure is happy to welcome the Lou Fusz Automotive Network to its franchise program. Lou Fusz joins a developing list of motor vehicle dealership teams that have vertically built-in a Mighty Auto Parts franchise.

PEACHTREE CORNERS, Ga., April 5, 2022 /PRNewswire-PRWeb/ –Mighty Distributing Program is very pleased to welcome the Lou Fusz Automotive Community to its franchise technique. Lou Fusz joins a increasing list of car or truck dealership teams that have vertically built-in a Mighty Auto Sections franchise. The new portfolio organization, undertaking company as Mighty Distributing of the Midwest, is now the distinctive distributor of Mighty items all over the Greater St. Louis, Missouri marketplace. Celebrating its 70th anniversary, the Lou Fusz Automotive Network was established in 1952 when Louis Fusz, Sr. obtained a Dodge and Plymouth dealership. Currently, the St. Louis, Missouri-dependent business incorporates 12 dealerships and 17 manufacturers: Buick, Chevrolet, Chrysler, Dodge, Jeep, RAM, Ford, GMC, Kia, Mazda, Subaru, Toyota, Honda, Polaris, Indian Bikes, Honda, Slingshot, and Kawasaki. The enterprise is owned and operated by brothers, Patrick, Pete, Lou III, and Randy Fusz. The new Mighty operation will centrally distribute Mighty’s OEM top quality preventive upkeep solutions, store provides, detailing products, gear, and VS7® chemicals to the Lou Fusz dealerships as very well as to wholesale buyers and other non-affiliated automotive enterprises in their special territory.

Randy Fusz mentioned, “We are the 16th automotive dealer group in the country to turn out to be a Mighty distributor. We are enthusiastic to open up a franchise with a company that has been in business for around 50 yrs and has an great track record in communities throughout the U.S.”

Josh D’Agostino, Mighty’s President and CEO mentioned, “The Mighty Loved ones is thrilled to welcome the Lou Fusz Automotive Network into our expanding crew of dealership partners. Our very best-in-class chemical system, termed VS7, together with vehicle visual appeal solutions, shop supplies, and aftermarket pieces aid the Lou Fusz vision of managing their offer chain and maximizing their wholesale profits streams. Randy, Lou III, Patrick, and Pete Fusz guide a great group, and we look ahead to celebrating their future successes.”

About Mighty Distributing Method

Headquartered in Peachtree Corners, GA, Mighty supports 100 franchised distributors in 44 U.S. states and five intercontinental markets. The Mighty Technique functions community provider, stock administration experience, and training in conjunction with in depth choices of OE excellent underhood and undercar areas, VS7® chemical solutions, lubricants, and shop materials. The Mighty enterprise design attracts unbiased fix stores, swift lubes, tire centers and vehicle dealerships in the U.S and overseas. Mighty’s special method of working instantly and solely with automotive pros commenced in 1963.

Media Get hold of

Tracy Buttera, Mighty Vehicle Elements, 800.872.3334, [email protected]

 

Supply Mighty Vehicle Areas

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Pamplin Media Group – All revved up: Portland International Auto Show returns

With two years of new vehicles, the Portland International Auto Show drives into the Convention Center Feb. 24

After taking last year off because of the pandemic, the Portland International Auto Show is back for 2022, taking place from Thursday, Feb. 24, to Sunday, Feb. 27, at the Oregon Convention Center.

Auto dealers and vehicle repair shops are among the highest employers in the Portland area and offer relatively high wages. The show has traditionally been the largest display of new vehicles in the Pacific Northwest. Now, with two years of releases to experience, there is more to see than ever.

Special sections on the show are scheduled for Pamplin Media Group newspapers before it opens. The newspapers also will include discount coupons offering $3 off adult admissions until 3 p.m. on Thursday and Friday.

The automobile industry is moving ahead rapidly, with entirely new products, concepts and technologies every year. Here are some highlights of this year’s show:

COURTEY PHOTO: FORD MOTOR COMPANY - Ford has revived the Bronco for 2022 as a rugged midsize SUV (above) and a smaller off-road capable Bronco Sport.2021 and 2022 trucks and SUVs: Fresh off their awards as the North American SUV and Truck of the Year, Ford will present the 2022 Bronco off-road SUV and the innovative Maverick compact pickup truck. The base Maverick includes a hybrid engine that returns up to 42 MPG in city driving and starts at around $21,000.

New Car Giveaway: Everyone at the show has a chance to win a new 2021 Toyota RAV4 Prime plug-in hybrid by entering the drawing at the Pamplin Media Group booth.

North American Car of the Year: The 2022 Honda Civic won this prestigious award. The super-successful four-door or hatchback compact has been completely redesigned and starts at just $21,900.

COURTESY PHOTO: TOYOTA - All attendees have a chance to win a new 2021 Toyota RAV4 Prime plug-in hybrid during the New Car Giveaway at the 2022 Portland International Auto Show.Electric Vehicles: Electrified vehicles are making news, and many will be at the auto show. Subaru will bring its all-new Solterra electric SUV, while Ford also will highlight the all-electric Mustang Mach-E GT, released in 2021, and the all-electric F-150 Lightning, which can power your house in an outage. Federal tax credits are available for most EVs and Oregon also offers rebates of up to $5,000, depending on household income.

Performance cars: Traditional muscle and sports cars also are continuing their resurgence with several of the newest models on display. They include both the hardtop and convertible versions of the latest Chevy Corvette, which is now a mid-engine sports car. Also appearing are completely redesigned versions of the mechanically similar Subaru BRZ and Toyota GR86. Nissan has released the much-anticipated latest version of its legendary Z sports car, which features retro styling.

COURTESY PHOTO: SUBARU - The all-electric 2022 Subaru Solterra was co-designed with the Toyota BZ4X.Motorcycle Pavilion: The Motorcycle Pavilion is on the main floor across from the Dragon Café and features everything on two wheels, to three, and even four wheels. Among the brands on display are Harley Davidson, Indian, Ducati, BMW, Kawasaki, Honda, Triumph, Yamaha, Suzuki and Polaris.

Technology to the forefront: Automotive technology is quickly spreading throughout the range of available vehicles. This year’s show features information about available technologies and the progress of recharging infrastructure for electrified vehicles. PGE, Pacific Power, Clark Public Utilities, the

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