22 Nov Automotive Industry Update – Q3 2019
Uncertainty is a proven deterrent to deal-making activity, and that has certainly been evidenced in the automotive sector as we approach the end of 2019. According to Thompson Reuters, through the first 9 months of 2019, the number of deals completed among global automotive companies totaled just under 200. This level of activity represents a drop of almost 25% compared to the same period in 2018. In what might be considered another indicator of risk averse behavior, the average deal size for transactions completed in 2019 through September also declined considerably, just over 30%, from the same period one year earlier. So, following a particularly robust level of deal activity in 2018, why the apparent pull-back in 2019?
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