Current economic conditions and consumer buying habits make it a challenging year for Canada’s car dealers. Canadian buying habits are closely tied to the economic conditions of the day. When the economy is thriving and people are confidently employed, spending …
In a volatile market, strong cash flow matters more than booked sales or paper profits Today’s automotive ecosystem is volatile. New tariffs, supply-chain disruptions, recessionary economic indicators and OEM spending restrictions have forced Canadian dealerships to work harder than ever …
Building a capital stack to build for future growth You can’t build wealth without debt. Being able to borrow money is a major part of the business game. This fundamental concept applies equally in personal wealth and business growth. A …
Let’s examine the impact of tariffs on the retail automotive sector Tariffs are, perhaps, the most talked about economic topic of 2025. They’ve been threatened, debated, imposed, removed, further threatened, increased and decreased multiple times all in the course of …
Let’s take a look at all the inherent costs of delivering wholesale parts You have a solid wholesale parts program. Great! Your fleet of parts trucks are delivering every day. Wonderful! You think you are financially healthy — but are you? …
How dealers can increase their enterprise value during recessionary periods Today’s volatile economic environment has created significant challenges for dealers. New tariffs and supply chain issues are raising concerns on dealers’ ability to continue as a going concern. Dealers’ must remain …
Leadership is more important than ever to weather storms Today’s business and political conversations are filled with questions of leadership. Who are the right leaders to move our country to the next level? Which automotive leaders can help us through …
Managing fixed and variable expenses can make the difference between running a profitable operation Dealership success is a fickle game. Many factors can work against you, or for you, on your way to greatness. New tariffs, OEM programs, customer and …
If you hire a controller from outside automotive, expect a steep learning curve How many times has this happened? The Controller you’ve been relying on for years decides to quit. After an exhaustive search for their replacement, you hire a …
Macroeconomic forces will impact our business environment in 2025 It seems that every time we flip over to a new calendar year, the outlook is similar: an unclear feeling on economic conditions, turbulence in the political landscape and huge expectations …
Expert tips on how to start a car dealership in Canada You’ve dreamed of owning your own dealership for years. You’ve carefully thought through the pros and cons, spent time gaining industry experience and building networks. It’s within your reach. …
Let’s explore the pros and cons of the Flat Rate Pay System Dealers are always looking for creative ways to drive profitability. This is especially true in fixed operations, where your service department generates approximately 70 per cent of the total gross …
