AutoCanada Income Fund - Pat Priestner 2008 Laureate Award Winner

    EDMONTON, July 10 /CNW/ - AutoCanada Income Fund ("AutoCanada")
(TSX:ACQ.UN) announced today that Mr. Pat Priestner, CEO of AutoCanada, was
the 2008 Canadian Auto Dealer Association's Laureate Award winner for Business
    "The recognition by my peers at CADA for the positive innovations to the
industry from the public ownership model is very satisfying. I am most pleased
to have accepted this award which reflects AutoCanada's continuing commitment
to setting high standards of operational success, facilities and business
processes in our wonderful industry, and for adopting and insisting upon an
environment that recognizes that the bedrock upon which long term success is
built is respect and dignity for all of our employees, customers, suppliers,
and our manufacturers. I am delighted by this recognition, and thank the CADA
for this honour".

    About AutoCanada
    AutoCanada is Canada's only publicly traded entity with interests
exclusively in the operation of franchised automobile dealerships. Through its
54% interest in AutoCanada LP, it presently owns or manages 21 franchised
automobile dealerships in six provinces and has over 1,070 employees. Through
its owned and managed dealerships, it currently sells Chrysler, Dodge,
Jeep (R), Infiniti, Nissan, Hyundai, Subaru and Mitsubishi branded vehicles.
In 2007, its owned and managed dealerships sold approximately 23,300 vehicles,
processed approximately 231,700 service and collision repair orders in 260
service bays, and generated revenue of approximately $835 million.
    Additional information about AutoCanada Income Fund is available at and the Fund's website at

For further information:

For further information: Tom Orysiuk, CA, Executive Vice-President and
Chief Financial Officer, Phone: (780) 732-3139, Email:

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