Deal value for Q1 2019 came in at $15.5 billion, down 43% from Q1 2018 and 56% from Q4 2018. While 2018 saw unprecedented deal value driven by a record 20 megadeals, Q1 opened 2019 with only one megadeal. Deal volume is down to its lowest point since Q2 2017 at 201 deals announced, down 30% from Q1 2018 and 18% from Q4 2018. Certain macro factors played a role this quarter including continued uncertainty over trade deals between the US and China, as well as a no-deal Brexit. Nonetheless, excluding megadeals, deal volume was not far off from historical averages as deal value came in above the quarterly average in 2017 and volume remains above the 200 deal threshold.
"Automotive M&A got off to a slow start in 2019 as companies digest all of the 2018 activity.”
US Automotive Deals Leader, PwC US
Automotive Leader, PwC US