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In 2021, it added to its holdings with a powersport marina when it acquired Sudbury Yamaha in a package deal that also included Sudbury Mitsubishi. We went in and adopted a lot of the car business side to their business, everything from financing, structure, accountabilities, floorplans, banking systems, everything.
Strong franchises thrived on low inventories and sustained high gross profit margins, while weaker franchises struggled with ballooning inventories, rising floorplan costs, and falling gross profits. This divergence created a marketplace of winners and losers, clearly reflected in days supply of vehicles.
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