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As I am wont to do, I read the “morning news” over breakfast at my computer. These are unprecedented times for the automobile industry, as this MSNBC.com article points out today. Between Chrysler and GM, there are approximately 20,700 dealerships, but what is alarming is the following: …GM and Chrysler could notify roughly 3,300 dealers this week . . . → Read More: Dark Days for Dark Dealerships Today at lunch I read an article on MSNBC.com about how bad the automobile dealership business is expected to be in 2009 and what would happen if General Motors decided to close down brands. Let me summarize the key statements and then put my spin on what this means to users of appraisal services. Since the sales comparison approach will be the primary value indicator, let’s stick to the important parts. . . . → Read More: Beware the Coming of Troubled Automobile Dealerships So we’ve explored unique aspects of appraising automobile dealerships and delved into the three approaches to value. It’s time we went “outside the box” and discussed a topic that real estate appraisers are generally uncomfortable with: alternative valuation techniques and business value. Why Nontraditional Valuation Techniques? A typical purchaser of an automobile dealership typically buys the real estate, . . . → Read More: Appraising Automobile Dealerships – Part 7 of 7 |
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