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In this AutoSuccess Executive Spotlight, Brian Ankney talks with Joe Mowery about what dealership buy/sell activity looked like in 2025 — and what dealers should expect heading into 2026. Mowery frames 2025 as a “year of normalization” after the disruptions of COVID-era valuations and uneven buyer/seller behavior in 2023–2024. He notes steady activity across the country, with particular strength in Texas, Florida and the Carolinas. If you’re thinking about growing, divesting or simply preparing for the next cycle, this conversation is a practical look at the capital and strategy decisions shaping dealership M&A in 2026. Visit https://www.stephens.com/ for more information. To learn more about Executive Spotlight and AutoSuccess, visit AutoSuccessOnline.com. Remember to like, share and subscribe to our channel for more valuable content on automotive industry trends, dealership management and customer satisfaction. Follow AutoSuccess on socials! 📱 Facebook: AutoSuccess Magazine facebook.com/autosuccessonline LinkedIn: AutoSuccess linkedin.com/showcase/autosuccess Instagram: @autosuccess_magazine instagram.com/autosuccess_magazine/ #AISINstudio