US Listed Dealer Comparison Report 2024

This document is a report that presents the inaugural edition of Pitcher Partners Motor Industry Services' US Listed Dealer Comparison. It provides an analysis of the performance of the six largest publicly traded dealership groups in the United States, including Lithia Automotive Group, AutoNation, Penske Automotive, Group 1 Automotive, Asbury Automotive, and Sonic Automotive, for the year ending December 31, 2024. The report examines key industry trends, economic conditions, and geopolitical events that have influenced the results of these dealership groups. It details the sales figures, market share, and revenue growth, which averaged 7.6% year-over-year, driven by dealership acquisitions and organic growth in new vehicle sales. Additionally, the report highlights challenges faced by these dealerships, including rising operational costs and the impact of the CDK Cyber Incident, which affected productivity and profitability. The document also compares the US and Australian automotive markets, noting significant differences in competition and market dynamics.