Categories: Canada

Ontario’s UpAuto dealership group buys first Honda store

Ontario dealership group UpAuto has bought its first Honda retailer.

The group on Sept. 1 purchased Hanover Honda from Larry Lantz, who has owned and operated the dealership since 2007. 

The dealership, positioned about 180 kilometres northwest of Toronto, is UpAuto’s fourth retailer in rural Ontario.

It additionally owns Stratford Nissan, Stratford Subaru, St. Marys Buick GMC and Cargo.

UpAuto Founder and CEO Michael Carmichael mentioned in an announcement that the dealership “represents an thrilling strategic alternative for our firm to develop and increase the manufacturers we characterize.”

Hanover Common Supervisor Robert Lantz and Gross sales Supervisor David Lantz – each sons of Larry Lantz — will proceed of their roles underneath new possession.

“As a fourth-generation Carmichael within the automotive trade, I perceive the dedication, dedication and sacrifice put right into a household owned and operated dealership and the constructive influence it could possibly have on the neighborhood,” mentioned Carmichael, who comes from an extended line of automotive businesspeople. “The Lantz household can relaxation assured that we acknowledge and respect their private funding on this enterprise and can construct this dealership to reveal the care and compassion that they did.”

With the acquisition, UpAuto says it now has entry to the total lineup of Honda dust bikes, ATVs, side-by-sides, mills, and energy gear.

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