Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Archive for April 2015

More car dealer consolidation

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http://www.thechronicleherald.ca/business/1283657-truro%E2%80%99s-pye-group-to-acquire-p.e.i.-toyota-dealership

Truro-based Garry Pye is buying Summerside, PEI’s Clark Toyota.

This continues the rapid consolidation of the Canadian car dealer sector.  Except for some niche markets, the analysts say this industry now has little room left for sole independent dealers, i.e. the vast majority of dealers will be owned by multi-label dealer groups (such as Pye, Steele, O’Regans and publicly traded AutoCanada, and many others).

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Written by Dan Jennings

April 30, 2015 at 6:56 pm

Posted in Uncategorized