AutoCanada makes progress on U.S. exit with sale of Illinois dealership
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
EDMONTON – AutoCanada Inc. says it has sold its Hyundai of Lincolnwood dealership in Illinois as it continues its plan to sell its U.S. operations.
The company says it received about $3.3 million in cash for goodwill and fixed assets, excluding inventory and net working capital.
The dealership is part of the U.S. dealerships that AutoCanada reclassified as discontinued operations at the end of 2024.
The company has realized about $65.8 million in gross proceeds, net of working capital, from the sale of its U.S. assets so far.
AutoCanada says it continues to expect total proceeds from the sale of all its U.S. dealerships to be at the upper end of its previously disclosed $115 million to $130 million range.
AutoCanada has 64 auto dealerships across eight provinces in Canada and 33 collision centres in addition to the U.S. operations it is selling.
This report by The Canadian Press was first published April 13, 2026.
Companies in this story: (TSX:ACQ)