Steele Auto Group, with 49 stores in Atlantic Canada, wants to grow fast, so it's investing south of the border.
Steele, of Dartmouth, Nova Scotia, some 150 miles east of Maine, entered the United States in 2020 with three domestic brand stores in small Texas towns. This month, it added two Hyundai dealerships between San Antonio and Austin, where CEO Rob Steele has a vacation home.
With an eye to double its sales and profits in three to five years, the fast-growing company is just getting started making acquisitions in the United States, President Kim Day told Automotive News.
"Our highest growth opportunity is in the United States," she said. "We're very interested, of course, in growing our presence in that Texas market. We're also really interested in opportunities in Florida [and] even closer to home ... in the New England states."