TORONTO, Sept. 1 – Toyota Canada Inc. (TCI) today reported August sales of 12,862 Toyota and Lexus cars, trucks and SUVs, down 29.5% from August 2009. This included 11,609 Toyota models (down 30.5%) and 1,253 Lexus luxury vehicles (down 18.2%).
The Canadian market trend in favour of trucks, SUVs and crossover vehicles over the past few [...]
On the move
For any car dealership transaction, add your name to our list of satisfied customers, call Nancap.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
Toyota Canada Inc. reports August sales
September 1st, 2010BMW Group Canada reports August sales results.
September 1st, 2010BMW Motorrad achieves 3rd consecutive record month
RICHMOND HILL, ON – BMW Group Canada (BMW and MINI brands combined) reported retail sales of 2,732 units in August, a decrease of 0.6% compared to August 2009. On the year, BMW Group Canada reported sales of 20,296 units, representing an increase of 7.0% over the same period last [...]
Chrysler Canada Continues Sales Momentum with Ninth Consecutive Month of Growth
September 1st, 2010WINDSOR, ON – Chrysler Canada today announced total sales for the month of August of 16,144 units, up 12 per cent over the same month last year (August 2009: 14,432). This figure also surpasses the 2008 pre-economic downturn level, with growth of four per cent compared with August 2008. Sales at the retail level surged [...]
Honda’s August sales drop 33% without ‘Clunkers’
September 1st, 2010Honda Motor Co. Ltd.’s U.S. sales in August were no match for the surge in sales seen a year ago during the “Cash for Clunkers” rebate program.
Torrance, Calif.-based American Honda Motor Co. reported selling 108,729 vehicles, down 34 percent from 161,439 a year ago. In August 2009, Honda sales surged to post the first increase [...]
Porsche U.S. August sales surge 33.2% to 2,032
September 1st, 2010Porsche Cars North America Inc. said Wednesday sales in the United States surged 33.2% in August to 2,032 vehicles. The German sportscar maker credited strong performance of its Cayenne models for the growth. Porsche Cars North America is a unit of Porsche /quotes/comstock/11i!poahf (POAHF 46.75, +1.35, +2.97%) .
Hyundai Canada record sales streak extends to month 19th
August 31st, 2010MARKHAM, ON, Aug. 31 – Hyundai Auto Canada Corp. today announced it had sold 11,403 units in August 2010, representing an increase of 9.5 percent over the same month last year and the 19th month of year-over-year sales gains.
Year-to-date, Hyundai has sold 85,120 units, an increase of 16 percent over the first eight months of [...]
Nissan to take orders for its Leaf electric car starting tomorrow
August 30th, 2010The automaker has been accepting reservations for a refundable fee of $99, and already has 18,000 pre-orders, according to John Schilling, Nissan spokesman – with a goal of reaching 20,000 by December. More than half of the reservations are from people in the five states where the Leaf will have its initial rollout.
The rollout will [...]
Bill Ford: GM’s buzz Won’t hurt Ford stock
August 21st, 2010An upbeat Ford Executive Chairman Bill Ford made an appearance in downtown Royal Oak on Friday as part of the Woodward Dream Cruise, talking up the turnaround at his great-grandfather’s automaker.
While Ford acknowledged that an initial stock offering from crosstown rival General Motors might divert some investors away from Ford, he said the company was [...]
Back from the Dead: Volkswagen Phaeton
August 20th, 2010After its introduction at the 2002 Geneva Motor Show, the Volkswagen Phaeton sedan flopped in the U.S. However, VW apparently thinks it can still sell luxury cruisers because it’s considering giving the Phaeton another shot in the U.S.
If you weren’t familiar with the über rare Phaeton, that is because it had a short life in [...]
Mazda to recall 500,000 cars for power-steering flaw
August 18th, 2010Mazda Motor Corp expects to recall more than half a million vehicles worldwide due to power-steering flaws, a company spokesman said, its largest recall ever as Japanese carmakers come under rising scrutiny for quality problems.
The automaker has filed applications with local authorities to recall 215,000 vehicles in the United States and more than 10,000 in [...]
Miscellaneous
August // Août [2010]
- Canada +0.5%
- U.S. -21%
July // Juillet [2010]
- Canada +6.3%
- U.S. +5%
For rent or sale
We have a 15,600 square feet building on 1.3 acres of land, in Oakville, was a car dealership, available for rent or sale. Rent is $14.00 per square foot and can purchase for $2,500,000.
For information, call Nancap.
For sale
Car dealership land and building for sale in the Morningside AutoMall. Building of 35,000 square feet on 5 acres of land.
For more information, call Nancap.
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
