AutoCanada Provides Operational Update in Response to COVID-19

Date : 03/25/2020 @ 7:11PM
Source : PR Newswire (US)
Stock : AutoCanada Inc (ACQ)
Quote : 11.39  -0.19 (-1.64%) @ 9:12PM
AutoCanada share price Chart

AutoCanada Provides Operational Update in Response to COVID-19

AutoCanada (TSX:ACQ)
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EDMONTON, March 25, 2020 /PRNewswire/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ) announced that it has temporarily suspended certain operations at its dealerships in New Brunswick, Quebec and Illinois in response to the orders of applicable governments to close non-essential businesses as a result of COVID-19. 

AutoCanada Inc. (CNW Group/AutoCanada Inc.)

The essential businesses that are permitted to continue operations differ by province or state:

  • In our New Brunswick dealership and eight dealerships in Illinois, we will continue with service operations and limited sales operations.
     
  • In Quebec, our four dealerships continue with limited service operations.
     
  • In Ontario, although the provincial government has also ordered the closure of non-essential businesses, our seven dealerships are considered essential businesses and will continue to fully operate.

AutoCanada will continue to support customers with their vehicle servicing and purchasing requirements in this rapidly evolving environment, and customers are encouraged to contact their local dealership as needed.

Since the outset of the COVID-19 situation, the Company has carefully followed the most current direction of government and related health agencies in our operating policies and procedures to ensure the safety and well-being of our customers and employees. AutoCanada will actively monitor developments in respect of COVID-19 and governmental requirements and take actions as required.

About AutoCanada

AutoCanada is a leading North American multi-location automobile dealership group currently operating 63 franchised dealerships, comprised of 26 brands, in eight provinces in Canada as well as a group in Illinois, USA and has over 4,200 employees. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, and Honda branded vehicles. In 2019, our dealerships sold approximately 71,000 vehicles and processed approximately 900,000 service and collision repair orders in our 1,047 service bays generating revenue in excess of $3 billion.

Additional information about AutoCanada is available at the Company's website at www.autocan.ca and at www.sedar.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/autocanada-provides-operational-update-in-response-to-covid-19-301029892.html

SOURCE AutoCanada Inc.

Copyright 2020 PR Newswire

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