AutoCanada Announces Director Resignation

AutoCanada Announces Director Resignation

EDMONTON, June 26, 2018 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ) today announced the resignation of Arlene Dickinson from its Board of Directors, effective June 30, 2018.

Ms. Dickinson joined the Board in 2017 and is stepping down in order to devote her time towards other significant opportunities. Dickinson is the Founder and General Partner of District Ventures Capital, a venture capital fund focused on innovative Canadian companies in the food & beverage and health & wellness sectors.

"AutoCanada is Canada's premier publicly traded auto retailing group and I wish the organization great success in the future as it continues to grow and expand," said Dickinson.

"We appreciated Arlene's meaningful contributions to AutoCanada's board.  Her deep Board and automotive marketing experience has provided us with an invaluable perspective, and we will miss her expertise and counsel," said Paul Antony, Chair of AutoCanada's Board of Directors.

AutoCanada will determine in due course if it will fill the board seat left vacant by Ms. Dickinson's departure.

About AutoCanada

AutoCanada, a leading North American multi-location automobile dealership group currently operating 68 franchised dealerships, comprised of 27 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, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, Smart, BMW, MINI, Volvo, Toyota, Lincoln and Honda branded vehicles. In 2017, our dealerships sold approximately 63,000 vehicles and processed approximately 870,000 service and collision repair orders in our 999 service bays generating revenue in excess of C$3 billion.

Additional Information

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

SOURCE AutoCanada Inc.