Welcome to DDC INSIDER #2

We're thrilled to announce that Dealer Direct Canada has successfully completed several transactions since our inaugural edition in May, and several more transactions are in the works. We provide details about two of those transactions in this edition, along with other industry news. We hope you enjoy reading this edition, and we welcome your feedback!

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Dealer Direct Canada Announces Sale of Toronto Kia and Toronto Honda to CanadaOne Auto Group

Paul Stern, CEO, and Charles Saleh, CFO of Dealer Direct Canada, are pleased to announce the successful sale of Toronto Kia and Toronto Honda. The dealerships were acquired by Canada One Auto Group, a multinational automotive dealership group.

View Press Release Here

BMO To Shutter Retail Auto Finance Business

The Montreal-based lender will cease making consumer vehicle loans, but will continue making financing for dealers.

Article Here

How Dealers Can Win In A Disruptive Marketplace

An insightful artile on what steps dealers can take to remain competitive in an industry that continues to evolve at a rapid pace.



Article Here

Spotlight on MARCEL STIRPE

Marcel has worked in the automotive business for 46 years and has owned and operated multiple new car dealerships. His knowledge, experience and vast network make him an ideal candidate to discuss your buy / sell activity requirements.

More About Marcel Here

QUOTE OF THE MONTH

"Retail sales in the Canadian automotive industry largely continued to grow in the first half of 2023. The aftermarket was especially strong from a retail sales perspective as automotive parts, accessories, and tire stores saw sales climb 10.5% over the already high levels in the first half of 2022. With new light vehicle unit sales now showing year-over-year growth for ten consecutive months, retail sales at new vehicle dealers also increased 9.1% for the first half." DesRosiers Automotive Consulltants (Sept. 2023)

DDC In Motion

Dealer Direct Canada is currently involved in multiple dealership evaluations and impending buy / sell transactions.

Watch out for future editions of DDC INSIDER for details about our completed transactions.

Succession planning? Buying out a partner? It may be time for a valuation of your business by professionals who know the auto industry.

Give us a call today for a no-fee consultation.

(+1) 416-543-9390

dealerdirectcanada.com