PODCAST: Inside auto auction M&A with Mach10 Automotive CEO George Pero
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The auto auction industry has seen a spike in M&A moves over the last three years, similar to the consolidation in auto retail that has been going on much longer.
“As I’m watching the consolidation happen, I think this has been imminent,” Mach10 Automotive president and CEO George Pero said of the recent runup in auto auction buy-sell activity.
“It has been in the works for quite some time from a planning perspective,” he said. “And what we’re now seeing is the execution of this that has been thought about probably for the last five to 10 years. And it’s now being executed and quite successfully, I must say.”
Pero would know.
He leads an M&A firm specializing in auto retail. His 34 years of auto industry experience includes founding, operating and successfully selling Auctions in Motion to what is now known as America’s Group
Pero joins the Auto Remarketing Podcast to share his perspective on M&A activity in auto retail, auto auctions and where the two might overlap.
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Listen to his conversation with Auto Remarketing senior editor Joe Overby in the window below and be sure to catch the Exploring the Auto Auction Buy-Sell Market panel at Used Car Week with Pero, Tom Stewart of Auction Management Solutions, Pierre Pons of TPC Management Co. and Chris Elliott of America’s Group.
