Canada Car Loans

Q1 New Car Sales Trump Used Ones for AutoCanada

AutoCanada is a car retailer who reported some interesting financial numbers for the last several quarters in it’s used car sector. Though same store sales were down by over eleven percent from the previous year, revenue was up by about two percent. However new car sales were very strong, being up by about eighteen percent from the previous year. Gross profits are up. The firm has also announced that they’ll be opening new dealerships in the next two years.

Read the full article here:
http://www.autoremarketing.com/retail/autocanada-dissects-strong-q1-financial-results-mixed-used-sales-report