Vehicle Incentives, Rebates, Specials In Utah And Idaho

Automotive M&A in 2020 encountered both nice lows and great highs. The COVID-19 pandemic dampened deal activity in Q2 to a level not seen since the Great Recession. Activity, nonetheless, swiftly rebounded in Q3 with a steep restoration many didn’t anticipate. The bounceback was largely led by the emergence of new capital within the form of special purpose acquisition firms (“SPAC”) investing in CASE applied sciences. As a end result, deal value and quantity declined 32% and 18%, respectively, in 2020 compared to 2019. Excluding megadeals, deal value over the 2 intervals lifted by sixteen%, with 2019 benefitting from the introduced FCA/PSA merger worth $22B.

Automotive Deals

It solely had 12 miles on the odometer and was a used automobile in name only, but after months languishing on the dealer’s lot, the salesperson was ready to make a deal. When purchasing, observe that sellers often cost a minimum of 10% more than non-public sellers. Most individuals promoting cars usually are not professional salespeople and aren’t as skilled at haggling.