Current climate Current reports show that M&A activity in North America for the first six months of 2020 across all industries is down significantly compared to the past few years. In fact, numbers are as low as during the Great Recession in 2009. However, for the auto dealership market, the data is very interesting, and […]
Valuing your business now may seem to some as being akin to turkeys voting to bring forward Christmas. Potentially you’ve just had a difficult March and a very tough April, so why on earth would you want to know the potentially diminished value of your business now? You didn’t get your business valued mid-crisis in […]
Paul Stern has seen it all. There are very few individuals that really deserve that accolade, but Paul is certainly one of them. Over the past 50 years as Paul rose from salesperson to Dealer Group owner, including a stint as president of the TADA, he saw our industry rise and fall and managed to […]
Click the link to read and download the Automotive News research piece, “On The Front Lines Of The Coronavirus Pandemic“, featuring contributions from Maxime Theoret, CFO of DSMA. Understand how automotive dealers are fighting the impact of COVID-19 on their businesses and the automotive industry. Click to Open: Automotive News COVID-19 Impact Research Document
I’ve been communicating with clients and dealership owners over the past month and there seems to be confusion surrounding the wage subsidy program offered by the federal government. Who is eligible, how do I get paid and when will the funding arrive seem to be the consistent questions. I hope this summary of the program […]
The year 2020 was originally promising to be the most active year for transactions in Canada when compared to the past decade and the market had been very active in recent months. Several transactions were concluded between buyer and seller in the month preceding the start of the pandemic. Overnight, automotive dealers’ priorities were completely […]
* Updated on April 10th and subject to change and different interpretation We are all bombarded with information about the current crisis. Whether it includes prevention tips or statistics on the mortality rates of infection and hospitalization, the information is constantly transmitted through various media. The same goes for government stimulus measures that are offered […]
For the past couple of weeks, I’ve woken up early and gone through the same routine as I get ready for another day working from my home office. I am lucky because I have the option to work from home and so many others do not. Typically, my thoughts shift to the business owners, dealership […]
At the time of this writing, it has now been 7 days of isolation and everything suggests that this is only the beginning of the crisis. The majority of dealers have either ceased operations completely or reduced their workforce by at least 75%. Demand is declining, showrooms are empty, and service for the most part […]
As a society we’re currently facing many unknowns and trying to think of new ways to be productive and efficient with the many restrictions we have in front of us, like working from home, self-isolation and social distancing. Surprisingly, my phone has been busier this week than it has been before this pandemic started. I […]
305 Renfrew Drive, Suite 202
Markham, ON | L3R 9S7
4851 Tamiami Trail North, Suite 200
Naples, Florida | 34103
305 Renfrew Drive, Suite 202
Markham, ON | L3R 9S7
4851 Tamiami Trail North, Suite 200
Naples, Florida | 34103
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