AutoCanada Inc. Announces Investment in a Second GM Dealership in Sherwood Park

AutoCanada Inc. Announces Investment in a Second GM Dealership in Sherwood Park 
EDMONTON, June 2, 2012 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") 
(TSX: ACQ) announced today that it has purchased a 31% non-voting equity 
interest in Petersen GMC Buick ("Petersen"), a dealership located in Sherwood 
Park, Alberta. Petersen has been servicing the Sherwood Park and Greater 
Edmonton area for over twenty-eight years and in 2011 sold 707 new vehicles 
and 604 used vehicles. 
In accordance with the terms of GM Canada's approval, AutoCanada shall make 
its investment through a holding company together with Pat Priestner, Chief 
Executive Officer of AutoCanada, and other senior managers, with Mr. Priestner 
having 100% of the voting shares of the holding company and Mr. Priestner 
named as Dealer Operator of Petersen. The holding company shall have a 51% 
voting interest in Petersen, with Blaine and Todd Nicholson purchasing the 
remaining 49% voting interest. The transaction was reviewed and approved by 
AutoCanada's independent Board of Directors. 
"We are pleased to add a Buick GMC dealership to our portfolio," stated Pat 
Priestner. "Petersen has been a long-standing dealership in the Sherwood 
Park area and is highly regarded for its outstanding customer service and 
commitment to the community, and we are honoured to have the opportunity to 
continue this tradition." 
"As stated in our press release of May 1, 2012, in respect to any future GM 
dealership acquisitions outside of Sherwood Park, we will seek to acquire a 
100% ownership interest, in which AutoCanada would purchase an 80% non-voting 
equity interest, with myself and other senior managers purchasing a 20% equity 
interest; and I will have 100% voting control and be named Dealer Operator, in 
accordance with GM Canada requirements," Pat Priestner stated. 
About AutoCanada 
AutoCanada is one of Canada's largest multi-location automobile dealership 
groups, currently operating 25 franchised dealerships in six provinces and has 
over 1,100 employees. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, 
FIAT, Chevrolet, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, and Volkswagen 
branded vehicles. In 2011, our dealerships sold approximately 28,000 
vehicles and processed approximately 300,000service and collision repair 
orders in our 333 service bays during that time. 
Additional information about AutoCanada Inc. is available at and 
the Company's website at 
Forward Looking Statements 
Certain statements contained in this press release are forward-looking 
statements and information (collectively "forward-looking statements"), within 
the meaning of the applicable Canadian securities legislation. We hereby 
provide cautionary statements identifying important factors that could cause 
our actual results to differ materially from those projected in these 
forward-looking statements. Any statements that express, or involve 
discussions as to, expectations, beliefs, plans, objectives, assumptions or 
future events or performance (often, but not always, through the use of words 
or phrases such as "will likely result", "are expected to", "will continue", 
"is anticipated", "projection", "vision", "goals", "objective", "target", 
"schedules", "outlook", "anticipate", "expect", "estimate", "could", "should", 
"expect", "plan", "seek", "may", "intend", "likely", "will", "believe" and 
similar expressions are not historical facts and are forward-looking and may 
involve estimates and assumptions and are subject to risks, uncertainties and 
other factors some of which are beyond our control and difficult to predict. 
Accordingly, these factors could cause actual results or outcomes to differ 
materially from those expressed in the forward-looking statements. 
Therefore, any such forward-looking statements are qualified in their entirety 
by reference to the factors discussed throughout this document. 
The Company's Annual Information Form and other documents filed with 
securities regulatory authorities (accessible through the SEDAR website describe the risks, material assumptions and other factors that 
could influence actual results and which are incorporated herein by reference. 
Further, any forward-looking statement speaks only as of the date on which 
such statement is made, and, except as required by applicable law, we 
undertake no obligation to update any forward-looking statement to reflect 
events or circumstances after the date on which such statement is made or to 
reflect the occurrence of unanticipated events. New factors emerge from time 
to time, and it is not possible for management to predict all of such factors 
and to assess in advance the impact of each such factor on our business or the 
extent to which any factor, or combination of factors, may cause actual 
results to differ materially from those contained in any forward-looking 
Jeff Christie, CA Vice-President, Finance 
Phone: (780) 732-7164 
To view this news release in HTML formatting, please use the following URL: 
CO: AutoCanada Inc.
ST: Alberta
-0- Jun/02/2012 17:13 GMT
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