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GAC] also understand the difficulties of trying to launch a brand with just one model, when it’s not really sufficient to sustain a dealershipnetwork.” This would see dealers sign up for a GAC franchise but not have to buy the stock, while customers would pay the same price whichever GAC dealership they go to. “I
We’re keeping an eye on how the market changes , particularly the legacy OEMs (original equipment manufacturer) that have the really big dealer networks, to make sure dealers don’t get caught in the middle of it,” CEO of the Motor Trades Association of Australia (MTAA) told Drive.
Given this backdrop, buyers are factoring this growth potential into their dealership acquisitions, driving stronger motivation and greater conviction in blue sky valuations, continued Kerrigan. For the year, 697 franchises were sold, the highest number since 2021 and a 2.5% increase from 2023.
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