More car dealer consolidation

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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