Ontario-based Co-Auto Co-Op is set to become Canada’s first national automobile dealer buying group.
The move, announced this week following a special members meeting in September, will see the now rebranded Consolidated Dealers’ Co-Op launched on Nov. 1.
“By using the word consolidated we want dealers across Canada to know that we are the first national auto dealer buying group and that we are the one-stop shop where dealers are truly consolidated in their ability to buy, save and profit, regardless of their location,” the company said in a release.
Tom Langton, president and CEO of Consolidated Dealers Co-Op said the company expects “great member growth” along with new products and services that will provide additional savings and profits in the coming months and years.
“The board of directors, management team and members will look back at this momentous decision as the catalyst for continued growth and savings for Canadian auto dealers for many years to come,” he said.
He noted that the move to a national audience reflects the changes the dealer world has seen in ownership structure over the last decade as there are numerous dealer groups that own and operate stores across several provinces or from coast-to-coast.
Co-Auto is a cooperative buying group dedicated exclusively to servicing new car and truck dealerships. Launched in 1979, the company said it helps save dealerships money through competitive pricing, rebate programs and profit sharing.