What’s next? Michael Skordeles, Senior U.S. Macro Strategist at Truist Wealth looks at the key metrics for the U.S. economy, including the global events that we should all be watching. To prepare for the day when supply and demand are back in balance, Bill Jones, Head of Truist Dealer Retail Services looks forward to the trends and buying patterns we can expect from the ever-evolving automobile consumer.
M&A continues at historic highs, powered by sellers seeking peak values and buyers assured of the likelihood of post-sales profits. We’ll take an in-depth look at the dealership consolidation wave—including the M&A trends and buyer/seller behaviors behind it—with results from our annual Truist dealership valuation and buyer motivation survey. Thanks to all of you who responded to the survey!
We’ve also got the latest on the transition from LIBOR, including a review of the emerging benchmark rates and key milestones. Finally, Joe Magyar, CPA, of Crowe, LLP reports on the effect of shrinking inventories on tax bills and reviews strategies that may offer relief.
We’re in midst of exciting, yet volatile times in our industry. As you’re plotting your path forward, we invite you to draw upon the Truist team and the deep roots we’ve established in our local communities and in the dealership industry. We're uniquely positioned to provide the full spectrum of debt capital structuring, M&A strategy, indirect auto finance, and business and family transition planning to set you up for success. Let’s talk about ways we can help.
