AUTOCANADA ACQUIRES MODERN AUTOBODY COLLISION REPAIR SHOP IN EDMONTON

EDMONTON, AB, Jan. 20, 2026 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a leading multi-location Canadian automobile dealership and collision repair group, today announced the completion of its acquisition of Modern Autobody, a single-location collision and refinish repair facility located in Edmonton, Alberta.

Founded over 50 years ago, Modern Autobody is a trusted Edmonton-based operator with a strong reputation for quality craftsmanship, technical expertise, and customer service. The acquisition expands AutoCanada's collision repair footprint in the Edmonton market and strengthens its luxury certification coverage across the region.

"Modern Autobody is an excellent strategic fit for AutoCanada," said Sam Cochrane, Interim Chief Executive Officer and Chief Financial Officer of AutoCanada. "The business aligns closely with our focus on premium and luxury certifications, offers attractive operational synergies, and is led by a highly experienced team. We are pleased to welcome Modern Autobody to our platform."

Modern Autobody holds an extensive suite of OEM certifications, including Mercedes-Benz, BMW, MINI, Jaguar, Land Rover, Tesla, Porsche, Lexus, Acura, Honda, Bentley, Infiniti, Subaru, and Rivian, enhancing AutoCanada's ability to serve luxury and electric vehicle collision repair customers throughout Edmonton.

The facility is strategically located approximately 1 kilometre from AutoCanada's Crosstown Autobody and 11 kilometres from Doug's Place Strathcona, and is in close proximity to AutoCanada's 5 dealerships in the Edmonton area. In addition, Modern Autobody currently operates without direct repair programs (DRPs), presenting an immediate opportunity to establish insurance partnerships, expand volume, and capture revenue synergies through AutoCanada's existing insurer relationships.

About AutoCanada

AutoCanada's Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada's Canadian dealerships sold approximately 85,000 new and used retail vehicles.

AutoCanada's Canadian Collision Operations consist of 33 collision centres and one calibration centre, supported by 26 OEM certifications covering 37 vehicle brands. The Company's collision network enables customer retention across multiple touchpoints within the automotive ownership lifecycle.

AutoCanada's U.S. Operations, which are held for sale and reported as discontinued operations, consist of 13 franchised dealerships representing nine automotive brands located in Illinois. U.S. dealerships sell Audi, Hyundai, Kia, Lincoln, Mercedes-Benz, Porsche, Subaru, Toyota, and Volkswagen vehicles.

Forward-Looking Statements

Certain statements contained in this press release are forward-looking statements and information (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. We hereby provide cautionary statements identifying important factors that could cause our actual results to differ materially from those identified in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "will continue", "is anticipated", "projection", "vision", "goals", "objective", "target", "schedules", "outlook", "anticipate", "expect", "estimate", "could", "should", "plan", "seek", "may", "intend", "likely", "will", "believe" and similar expressions) are not historical facts and are forward looking. In particular, this press release contains forward-looking statements with respect to, among other things, future operating results of the acquired collision centre, the successful integration and realization of synergies into AutoCanada's business, and the growth of the Company's collision division.

AutoCanada cautions that the foregoing forward-looking statements are subject to assumptions, risks and uncertainties and our ability to mitigate and address those risks and uncertainties. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website at www.sedarplus.ca) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The forward-looking statements contained in this press release speak only as of the date hereof and AutoCanada assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

Additional Information

Additional information about AutoCanada is available at the Company's website at www.autocan.ca and on SEDAR+ at www.sedarplus.ca.

SOURCE AutoCanada Inc.

For further information contact: Sam Cochrane, Interim Chief Executive Officer and Chief Financial Officer, Phone: [phone], Email: [email protected]