Mergers Acquisitions

Why more families want out of the dealership business

Marigold Lincoln
Terry Souch recently sold Marigold Lincoln in Whitby, Ont., to Tony Willson of Ontario Motor Sales after Souch’s son chose to remain an employee instead of buying the store. The dealership had been in the family for nearly four decades. (FACEBOOK)
October 23, 2023 04:00 AM

Unprecedented headwinds are bearing down on the traditional family-owned dealership, forcing many to exit the market, say automotive finance and acquisition specialists.

Staying current is easy with newsletters delivered straight to your inbox.