AutoCanada Inc T.ACQ

Alternate Symbol(s): AOCIF

Consumer Cyclical Auto & Truck Dealerships

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. It offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services. Its segments include Canadian Operations and U.S. Operations. It operates about 82 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States. It sells Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, FIAT, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Lincoln, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, Toyota, Volkswagen, and Volvo branded vehicles. Its Canadian Operations segment operates three used vehicle dealerships and one used vehicle auction business supporting the Used Digital Division, 13 RightRide division locations, and 11 stand-alone collision centers within its group of 27 collision centers.

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AutoCanada Inc

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Post by sunshine7on Dec 18, 2022 2:15pm

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Post# 35178498

Dealer profit forecasts...

Although US article, I believe it also applies to Canada...

"Both dealers and automakers forecast hefty profits for the year, even as the industry only expects to sell around 14 million new vehicles in the US this year. Before the pandemic, 16 to 17 million annual vehicle sales were considered the threshold for a healthy market."

If you're looking for a car deal this Christmas, you may be out of luck. The pandemic killed the end-of-year blowout sale for good. (yahoo.com)

Consumers have choises but if you need a new car, it is a seller's market. Or you can buy used or repair... got both covered.

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