We all know Toyota would just as soon forget 2011. It lost the crown of the world’s biggest carmaker to General Motors last year, and its factories suffered, too. Production at its plants in North America fell 14 percent from 2010, the company said Friday, marking the second-worst year in the past five for the [...]
On the move
For any car dealership transaction, add your name to our list of satisfied customers, call Nancap.BEIJING — China has become the third largest market for Volvo, which Chinese car maker Geely recently acquired, state media reported on Saturday. Alexander Klose, head of Volvo Cars China, made the comments at a trade show in the northern city of Tianjin, according to the official Xinhua news agency. He said sales of the [...]
Pickering Suzuki, this dealership has been sold to Gord Almadi. Another transaction initiated and completed by Nancap.
Hyundai of Oakville, Mr. Matthew Choi and Mr. Benjamin Leung. This dealership has been sold to Mr. Ronald Chan.
The following dealer has just passed away on Sunday January 17, 2010. Our sincere condolences to the family. Mrs. Bonnie Jaczynski, Roadsport Honda, 940 Ellesmere Road, Toronto, ON M1P 2W8.
Frank Lauriat Pontiac, 50 Benson Road in Port Hope, Mr. Frank Lauriat. This dealer has switched franchise to Hyundai.
Ab Cox Pontiac Buick, 305 East Wellington Street in Aurora. This dealership has switched franchise to Hyundai.
Pickering Suzuki, 970 Brock Road in Pickering, Mr. Alex Ber. This dealership has been sold to Mr. Suny Bains. Another transaction initiated and completed by Nancap.
Bruce Bissell Pontiac Buick, 201 West Bayly Street in Ajax. Dealership closed. Land and building sold to Ajax Mazda by Nancap.
Mr. Jason Armstrong to open up a brand new Hyundai dealership in Huntsville. Good luck to Jason and his team.
Ajax Mazda, 365 Bayly Street West, Roger Jugdeo, has moved to new state of the art facilities at 201 West Bayly Street in Ajax (formerly used by Bissell Buick). Another transaction initiated and completed by Nancap.
Welland Toyota, 42 Darte Drive in Welland, Mr. John Fleischman SR. This dealership has been sold to the George Farlow family. Good luck to all in your new endeavors. Another transaction initiated and completed by Nancap.
Robert Reid, Reid Brothers Inc., Arnprior, ON, Canada. Robert has passed the reins of his dealership to his son Treyvor. Good luck to this young man and to his team.
Stratford Mazda, 633 Erie Street South, Stratford, Mr. Charles Triemstra and Perry Triemstra. This dealership has been sold to Mr. Jeff Meek, Mrs. Trina Ganzert, Chris West and Tom Welker.Good business, good franchise but most importantly good people, all the ingredients for success. Good luck to all of you. Charles and Perry will focus on other endeavours while leaving this very succesfull dealership in good hands. Another Mazda transaction initiated and completed by Nancap.
Orangeville Honda, Highway #9 in Orangeville, Mr. Larry Doherty. This dealership has been sold to John Esplen’s Humberview Group.
Larry, Susie, Bob, Carol, Tom and Nancap wish the Esplen family and Brian Bone great success. Larry and his team are all staying on, for the time being, to work with this great Group and to assist with the next level of growth at Orangeville Honda and Orangeville Carstar.
Conlin Pontiac-Buick Limited, 10 Vanedward Dr
Port Perry, ON L9L 1A9. This dealership has been sold to Mr. Gus Brown (Gus Brown Pontiac of Whitby). The dealership will now operate under the name of Gus Brown Pontiac Buick GMC (Port Perry) Ltd.Congratulations to Gus and Denis and their team.
Gary Stockie Chev Geo Ols Cadillac, Gary Stockie, 920 Ontario, Stratford, ON N5A 3K1. This dealership has been sold to Stratford Motor Products (1984) Ltd, 824 Ontario St, Stratford, ON N5A 3K1. This dealership now carries the Pontiac, Chevrolet and Cadillac franchises
Stedelbauer Chev-Geo-Olds Cadillac, W.R. Stedelbauer, 20 N Ottawa St, Kitchener, ON N2H 3K4. This dealership has been sold to Gary Stockie. W.R. is now semi-retired and is looking at helping small dealers with is wide knowledge of the business.
Doner Infiniti Nissan, Mr. Kent Doner, 17385 Leslie Street, Newmarket, ON L3Y 4X1. This dealership has been sold to AutoCanada. Congratulations to Pat Priestner and his group.
Carleton Ford Sales Ltd., 10441 Highway 7, Carleton Place, ON, Mr. Peter Scowcroft. This dealership has been sold to the Mike Pitre family. We wish Mike and his team the very best in their new endeavour.
Industry news
More Proof That Toyota Faces A Tough Climb Back
January 20th, 2012GM regains crown as world’s top-selling automaker
January 20th, 2012The Detroit-based automaker’s return to the top slot comes as Japanese rival and former No. 1 seller Toyota Motor Corp (7203.T) slips in the rankings after an earthquake in Japan and deadly floods in Thailand hampered its production in 2011. GM said it sold 9.026 million vehicles globally last year, up 7.6 percent from 2010. [...]
Hyundai ‘No.1 for customer retention’ in US
January 20th, 2012In the U.S., Hyundai has achieved the highest score among all automotive brands in J.D. Power and Associates 2012 Customer Retention Study(SM). In its ninth year, the study measures the rate at which automotive brands retain their existing customers and examines the reasons why customers remain loyal. Hyundai earned the top spot in the study, [...]
Turkey’s Brightwell Holdings Plans to Bid for Saab Automobile
January 20th, 2012Brightwell Holdings BV, a Turkish private-equity firm, said it plans to bid for bankrupt Swedish carmaker Saab Automobile and revive its manufacturing. “We will make a bid very shortly, there’s no question,” Zamier Ahmed, a board member of the Istanbul-based group, said today in a phone interview. Brightwell, which invests in energy, transport and technology, [...]
Kia Canada launches the all-new Rio sedan
January 19th, 2012SCOTTSDALE, AZ – Kia Canada Inc. today launched the all-new 2012 Rio sedan, which adds to the recently revealed Rio 5-Door hatchback. First unveiled at the 2011 New York International Auto Show, the all-new Rio sedan ushers in the next chapter of Kia Motors’ ongoing design-led transformation with previously unseen levels of eye-catching design, advanced [...]
2013 Hyundai Veloster turbo: Sporty subcompact hatchback
January 12th, 2012Hyundai’s nifty Veloster sporty hatchback gets a welcome power boost with a 201-horsepower turbocharged model for 2013. The muscular 1.6-liter four-cylinder engine also produces 195 pound-feet of torque from just 1,750 r.p.m. Six-speed manual and automatic transmissions are available. With a curb weight starting at just 2,800 pounds, the Veloster turbo’s 14 pounds/horsepower is a [...]
Nissan Overtakes BMW as Second-Biggest Japan Car Importer
January 12th, 2012Nissan Motor Co. surpassed carmakers including Bayerische Motoren Werke AG in 2011 to become the second-largest importer of cars to Japan. Nissan, which makes the March compact car in Thailand and ships it back to Japan, boosted imports 86 percent to 50,269 vehicles last year, the Japan Automobile Importers Association said in a statement on [...]
Ford recalls minivans, Escapes
January 12th, 2012Ford is recalling about 490,000 vehicles to fix defects that can cause fires or loss of power. The action covers 205,896 Ford Freestar and Mercury Monterey minivans and 244,530 Ford Escape SUVs in the U.S. and about 40,000 Escapes outside the U.S., according to statements on the National Highway Traffic Safety Administration website and from [...]
BMW Plans to Invest $900 Million at U.S. Plant
January 12th, 2012Bayerische Motoren Werke AG (BMW), the world’s largest maker of luxury autos, will invest about $900 million in its South Carolina factory to expand capacity and prepare the facility to produce a new sport-utility vehicle. The spending, to be completed by 2014, will help increase capacity at the plant in Spartanburg to 350,000 vehicles a [...]
Kia Canada Inc. concludes 2011 with a record year of 65,123 units sold and continues industry-leading streak of 36 consecutive months of sales growth momentum
January 4th, 2012MISSISSAUGA, ON, Jan. 4, 2012 /CNW/ – Kia Canada Inc. completed 2011 with a record year reporting 65,123 sales nationally establishing an all-time new record for the twelve year old Company in Canada. Additionally, the month of December contributed to the industry-leading 36 months of continuous sales growth which currently leads all manufacturers in Canada. [...]
Miscellaneous
December // Décembre [2011]
- Canada +2.6%
- U.S. +9%
November // Novembre [2011]
- Canada +4.4%
- U.S. +14%
Dealership available in Oakville
Car dealership land of 1.1 acre and building of 13,000 square feet available in Oakville.
Comments from clients
Several months ago we spoke about the valuation and goodwill associated with my dealership. I am pleased to say that the marital negotiations went about as well as they could. I appreciated your counsel and will definitely avail myself of your services if the need arises.
In the Jan 2005 edition off your newsletter you outlined the 3 common approaches to determining dealership rent. Is there an update to this bulletin or do the same standards apply- 1% of sales, 8.5 to 9.5% of gross or $450 per new car?
Thanks
