None
Blue-sky blue chips
| In a robust buy-sell market, typical blue-sky multiples* for select luxury brands have soared. | ||
| | 3rd qtr. 2014 | 4th qtr. 2014 |
| Mercedes-Benz | 6-7.5 | 7-10 |
| BMW | 5.5-7 | 7-10 |
| Porsche | 6-7 | 7-9 |
| Audi | 6-7 | 7-9 |
| Lexus | 6-7 | 6.5-8 |
| Jaguar Land Rover 5-6 | 5-6 | 6-7 |
| *Blue sky is the intangible value of a dealership, expressed as a multiple of adjusted pretax profit. | ||
| Source: Haig Report | ||
In the busiest dealership buy-sell market in decades, luxury brands are red hot. The result: stratospheric prices for Mercedes-Benz, BMW and Porsche dealerships.
