AUTOCANADA COMPLETES SALE OF CHEVROLET OF PALATINE AND HYUNDAI OF PALATINE
In the 12 months ending June 30, 2025 , Chevrolet of Palatine and Hyundai of Palatine generated sales of $107.9 million and a net loss of $4.9 million . AutoCanada received approximately $9.3 million in cash on the sale for goodwill and fixed assets, excluding inventory and net working capital, with proceeds directed toward reducing the outstanding balance of the Company's revolving credit facility.
All dollar amounts in this press release are in Canadian dollars.
About AutoCanada
AutoCanada's Canadian Operations segment operates 64 franchised dealerships in Canada , comprised of 23 brands, in eight provinces. AutoCanada 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 branded vehicles. AutoCanada's Canadian Operations segment also operates three independent used dealerships and 12 stand-alone collision centres within our group of 29 collision centres. In 2024, our Canadian dealerships sold approximately 85,000 new and used retail vehicles. Our collision centres offer an opportunity for the Company to retain customers at every touchpoint within the automotive ecosystem.
AutoCanada's U.S. Operations segment, operating as Leader Automotive Group, operates 14 franchised dealerships comprised of 10 brands, in Illinois, USA . Leader currently sells Audi, Honda, Hyundai, Kia, Lincoln , Mercedes-Benz, Porsche, Subaru, Toyota, and Volkswagen branded vehicles.
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: Samuel Cochrane, Chief Financial Officer, Phone: 780.732.3157, Email: [email protected]
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