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AutoCanada Announces Strategic Acquisition of Haldimand Motors by Used Digital Retail Division
AutoCanada Announces Strategic Acquisition of Haldimand Motors by Used Digital Retail Div...
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[{"type":"text","content":"\n \n \n \n AutoCanada Announces Strategic Acquisition of Haldimand Motors by Used Digital Retail Division\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n EDMONTON, AB, Dec.1, 2020\n \n \n \n \n \n \n Newly Formed Used Digital Retail Division to Drive Used Vehicle Sales Across All Channels (Omni-Channel), Including Completely Online\n \n \n \n \n \n EDMONTON, AB\n \n , Dec.1, 2020 /CNW/ - AutoCanada Inc. (\"AutoCanada\" or the \"Company\") (TSX: ACQ), a multi-location North American automobile dealership group, announced that its newly formed Used Digital Retail Division has acquired Haldimand Motors, an independent used vehicle dealership located in\n \n Cayuga, Ontario\n \n , 30 minutes south of\n \n Hamilton, Ontario\n \n .\n \n \n \n \n \n \n \n \n \n Operating for over 35 years, Haldimand Motors is one of\n \n Canada's\n \n largest volume used vehicle dealers, with facilities of over 80,000 square feet on 20 acres, 130 shop bays and a full-service department.  Haldimand is a consistent winner of Hamilton Spectator's People's Choice Award and Hamilton Consumer's Choice Award for used car dealership and a past winner of AutoTrader's National Best Used Car Dealer.  The strategic acquisition of Haldimand Motors is part of AutoCanada's previously announced Used Digital Retail Initiative and will be part of the newly formed Used Digital Retail Division.\n \n \n AutoCanada's Used Digital Retail Division is expected to drive used vehicle sales across all channels (omni-channel), including completely online.  This includes the development of a national network of used vehicle dealers through both organic development and acquisitions such as Haldimand Motors, as well as an online platform.\n \n Paul Antony\n \n , AutoCanada's Executive Chairman, will continue to have all Canadian and U.S. operations reporting into him, with the additional responsibility of overseeing the Used Digital Retail Division.  In addition to his AutoCanada compensation, he will receive an incentive representi...