EDMONTON, June 18, 2014 /CNW/ - AutoCanada Inc. ("AutoCanada" or the
"Company") (TSX: ACQ) announced today that it has obtained approval
from Chrysler Canada to purchase the operating assets of Dodge City
Auto (1984) Ltd. ("Dodge City"), which owns and operates a Chrysler
Dodge Jeep Ram dealership located in Saskatoon, Saskatchewan.
Dodge City was originally founded over 45 years ago and operates from a
leased facility which includes a six car showroom and twenty service
bays. In 2013, the dealership retailed 1,056 new vehicles and 841 used
vehicles. The transaction closed today and was one of the eight
dealership acquisitions previously announced on April 29, 2014.
Commenting on the transaction, Pat Priestner, Chairman and CEO of
AutoCanada stated, "We are very excited to add a Chrysler dealership to
the existing two dealerships of our Saskatoon platform, an excellent
market for auto retail. We would like to thank Chrysler Canada for its
hard work in assisting us with this transaction. We would also like to
thank the Payne and Ens families for allowing us the opportunity to
continue to build upon their wonderful legacy, and to welcome all of
the employees of Dodge City to the AutoCanada family."
AutoCanada is one of Canada's largest multi-location automobile
dealership groups, currently operating 36 franchised dealerships in
eight provinces and has over 1,800 employees. AutoCanada currently
sells Chrysler, Dodge, Jeep, Ram, Fiat, Chevrolet, GMC, Buick,
Cadillac, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi,
Volkswagen, BMW and MINI branded vehicles. In 2013, our dealerships
sold approximately 36,000 vehicles and processed approximately 364,000
service and collision repair orders in our 381 service bays during that
Additional information about AutoCanada Inc. is available at www.sedar.com and the Company's website at www.autocan.ca.
SOURCE: AutoCanada Inc.
For further information:
Jeff Christie, CA
Phone: (780) 732-7164