Owning a car dealership is a dream of many Canadians. The automobile industry is, however, one of the most face-paced, complex and high-pressure industries around the globe. Even when one has a bank full of money or sound business sense or years of experience in multiple roles, thriving in the competitive automobile industry is something not everyone has mastered. The economic factors determining people's purchase decisions also play a crucial role in either making or breaking a car dealership business in Canada, where low or no credit scores prevent people from investing in a vehicle.
But that doesn't mean that you can't fulfill your dream of owning a car dealership in Canada. AutoCanada, one of Canada's biggest automotive dealerships, is making a public offering of shares on Toronto Stock Exchange-TSE:ACQ. The company is presently running 65 dealerships in 8 provinces and employing more than 4,250 people. A few of the brands that AutoCanada deals in are Dodge, Chrysler, Jeep, Ram, Fiat, Alfa Romeo, Hyundai, Chevrolet, GMC, Cadillac, Buick, Nissan, Infiniti, BMW, Mercedes Benz, Kia, Volkswagen, Audi, and many other luxurious automobile brands. It's one of the most popular car dealership companies in the country that's catering to a huge market of niche customers.
If you are looking for a car dealership company to invest in, perhaps you should take a closer look at AutoCanada. The company has an excellent management team, declares regular dividends to shareholders, and shows growing revenue figures each year. Even if you are an average Canadian with a standard annual income, getting involved in the automobile business has become possible with Auto Canada. You are sure to get a host of economic and business benefits by getting partial ownership of such a huge automobile dealership group that shows a promising future in the country's automotive market.