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The $740 Challenge: How Savvy Dealerships Are Turning the Tables

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For dealerships, Higher inventories and rising floorplan costs are eating into profit margins, creating a challenging environment for automotive retailers. Leasing helps consumers manage their finances better and offers a viable solution for dealerships struggling with high inventory levels.

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Dealership diversification

Canadian Auto Dealer

It is also involved in selling auto financing. “We Alberta-based GoAuto is another major group in the retail automotive space that has a wide range of businesses, including insurance, in-house financing and the RV sector. It now owns three powersports businesses. Overall, the company has 41 rooftops and represents more than 60 brands.