Business
AutoCanada Expands Used Digital Retail Division With Acquisition of Mark Wilson's Better Used Cars
AutoCanada Expands Used Digital Retail Division With Acquisition of Mark Wilson's Better ...
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[{"type":"text","content":"\n \n \n \n AutoCanada Expands Used Digital Retail Division With Acquisition of Mark Wilson's Better Used Cars\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n EDMONTON, AB\n \n ,\n \n Aug. 10, 2021\n \n /CNW/ -\n \n \n AutoCanada Inc. (\"AutoCanada\" or the \"Company\") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it has acquired\n \n Mark Wilson's\n \n Better Used Cars (\"Wilson's\"), an independent used vehicle dealership in\n \n Guelph\n \n , Ontario.  Along with AutoCanada's previous acquisition of Haldimand Motors, this acquisition advances AutoCanada's strategic objective of developing a Used Digital Retail Division in the Canadian pre-owned vehicle market.\n \n \n \n \n \n \n \n \n \n Operating for over 60 years serving\n \n Guelph\n \n and surrounding areas, Wilson's is one of\n \n Canada's\n \n premier used vehicle dealerships, with facilities of 43,000 square feet on 16 acres, 24 shop bays and a full-service department.  Wilson's is a consistent winner of\n \n Guelph's\n \n Favourite Dealer Award over the years and has been recognized with numerous other dealership and service awards.\n \n Mark Wilson\n \n and his team will continue to operate the business going forward.\n \n \n \"The addition of\n \n Mark Wilson's\n \n expansive used vehicle operations further expands on our Used Digital Retail Initiative – a strategy to address the substantial opportunity in the Canadian market with the dedicated sale of used vehicles across all channels, including completely online. This marks our second non-franchise dealership operation following the acquisition Haldimand Motors in Q4 2020.  As one of the best used vehicle dealer operators in the country, adding Wilson's to AutoCanada further improves the Company's bench strength and talent pool and allows us to assess best in class practices as we continue to build our Used Digital Retail platform,\" said Executive Chairman,\n \n Paul Antony\n \n . \"This acquisition also aligns with our strategy of geographic div...