Buried within the news about the launch of the 2013 Nissan Altima, Nissan confirmed that it’s preparing an all-new version of its Rogue compact crossover that will arrive next year. We don’t know much beyond that, but we expect the model to be heavily influenced by the Hi-Cross concept shown at the 2012 Geneva Motor [...]
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
GM passes on running TV ads during 2013 Super Bowl
May 18th, 2012The 2013 Super Bowl will be broadcast by CBS Corp, which is selling 30-second ads for as much as $4 million. Spots on NBC’s broadcast of this year’s National Football League championship game, the most heavily watched annual event on U.S. television, cost about $3.5 million per 30-second spot. NBC is majority-owned by Comcast Corp. [...]
Ford’s C-Max hybrid will start at $25,995
May 17th, 2012Ford has started taking orders for the all-new C-Max hybrid that will start at $25,995. Ford said that is $500 less than a competitor, the Toyota Prius V wagon. The C-Max is a 5-passenger crossover that looks like a small minivan but with conventional doors. It is Ford’s first dedicated hybrid vehicle line. The hybrid [...]
Infiniti FX focuses on performance
May 17th, 2012In the premium crossover segment, the Infiniti FX stands out as a rare commodity: a vehicle that’s just as much fun to drive as it is practical for everyday family-hauling duties. Crossovers are meant to be much more carlike than the traditional truck-style SUVs they’ve been replacing, but Infiniti has created a combination of SUV [...]
Hyundai uses monkeys to test car
May 11th, 2012Weird, but true: Hyundai recently loosed 40 baboons on the latest Hyundai i30 hatchback. The i30 shares most of its essentials with the Elantra, though it’s a hatchback in the case of the monkey-infested durability tester. Hyundai claims it’s the first test of its kind by a U.K. manufacturer, implying that some other manufacturers have [...]
Toyota plans aggressive recovery: Automaker aims to push hybrids, low-priced cars, new models
May 10th, 2012Toyota Motor Corp. is aiming to cement its recent recovery by aggressively pushing new models, hybrids and low-priced cars in domestic and foreign markets. The auto giant is also rehabilitating its domestic business, which experienced a decline in profits due to the high appreciation of the yen. On Thursday, Toyota revealed it expected a V-shaped [...]
Ford investors shower execs with praise at meeting
May 10th, 2012Ford executives won rave reviews from stockholders Thursday during the shortest company shareholder meeting on record. Thursday’s meeting in Wilmington, Del., drew about 60 investors and lasted only 45 minutes. Much of it spent involved shareholders praising CEO Alan Mulally and Executive Chairman Bill Ford Jr. for the company’s turnaround. “You guys are doing a [...]
Nissan to outsource new Infiniti model to Magna
May 10th, 2012LOS ANGELES – For the first time ever, Nissan Motor Co. will outsource production of one of its Infiniti models, contracting Canada’s Magna International Inc. to built a new model for the luxury brand, starting in 2014. The deal, announced separately by each company Thursday, involves Magna unit Magna Steyr building an entry-level Infiniti vehicle, [...]
General Motors reports lower profit
May 3rd, 2012General Motors Co.posted lower profit in the first quarter but still did better than Wall Street expected based on the strength of U.S. auto sales. The automaker said it earned $1 billion, or 60 cents a share, in the quarter. That was a 69% drop from the $3.2 billion, or $1.77, GM earned in the [...]
Mazda Canada Announces Sales for April 2012
May 1st, 2012Mazda Canada today announced sales for April 2012. A total of 7,049 vehicles were sold, bringing the year to date total to 23,290. While April sales were down 7% from 2011, year to date sales continue to be positive, showing a 10% growth through the first four months of 2012. Sales were led by the [...]
Miscellaneous
April // Avril [2012]
- Canada -1.4%
- U.S. +2%
March // Mars [2012]
- Canada +2.8%
- U.S. +13%
Greater Toronto Area
For one of our multi dealers, we need for the Greater Toronto Area, 4.5 to 6 acres of land with or without building, with or without franchise.
Simply send email to Claude Nantel
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
