Canada’s largest publicly held dealership group is coming into the used-vehicle public sale market, with its eye on growth.

Edmonton’s AutoCanada Inc. has purchased North Toronto Public sale (NTA), a fee-based used-vehicle public sale enterprise based mostly in Innisfil, Ont. and serving sellers and customers.

Monetary phrases of the deal weren’t disclosed.

Based in 2002, North Toronto Public sale says it has traditionally transacted over 5,000 autos per 12 months by in-house, in-person and on-line auctions utilizing proprietary digital public sale software program.

“NTA has the flexibility to be utilized as a wholesale engine, balancing and redistributing autos inside and outdoors the AutoCanada community throughout North America, by a frictionless stock administration and switch course of,” AutoCanada mentioned in a information launch. “NTA can also be a supply of autos as its gross sales staff sources public sale autos from governments, monetary establishments, repossession corporations, dealerships, rental fleets, and extra.”

AutoCanada says “the acquisition unlocks further development alternatives for NTA’s skilled administration staff to scale the public sale enterprise and add different places throughout Canada.”

“This represents our preliminary foray into the public sale enterprise; nonetheless, most of the profitable used car operators within the U.S. additionally personal their very own auctions because it permits for the vertical integration of stock administration and a discount in charges paid to auctions,” AutoCanada Govt Chairman Paul Antony mentioned.

AutoCanada says it would retain NTA’s administration staff.