AutoCanada Inc. Announces OEM Approval for Purchase of St. James Audi and St. James Volkswagen

AutoCanada Inc. Announces OEM Approval for Purchase of St. James Audi and St.
                               James Volkswagen

PR Newswire

EDMONTON, March 28, 2013

EDMONTON, March 28, 2013 /PRNewswire/ - AutoCanada Inc. ("AutoCanada" or the
"Company") (TSX: ACQ) announced today that it has obtained approval from Audi
Canada and Volkswagen Canada to purchase the shares of The St. James Group of
Companies ("St. James"), which own and operate two premium brand franchises,
Audi and Volkswagen, located in Winnipeg, Manitoba. Each of the two
franchises are equipped with a six car showroom and are located adjacent to
each other on a property owned by St. James. The two franchises share a
collision center and service department consisting of 27 service bays. In
2012, the franchises retailed a combined 642 new vehicles and 252 used
vehicles. The expected closing date for the transaction is April 1, 2013.


"The approval from Audi  Canada represents the addition  of a new and  storied 
brand to our  portfolio, and we  are most pleased  with this development.  We 
would also like  to thank  Volkswagen Canada  for their  continued support  by 
approving the purchase of the Volkswagen franchise, a brand with which we have
developed a strong partnership over the past three years and which we consider
a key partner." stated Pat Priestner, Chief Executive Officer of AutoCanada.

"St. James has developed a strong reputation throughout its forty year history
in Winnipeg.  We would  like to  thank  the current  owners, Russ,  Rick  and 
Melanie for selecting our group for  succession. The St. James Group is  well 
respected in the industry and in 2011 was awarded the prestigious VW Wolfsberg
Crest Club  Award  for overall  excellence  in sales,  service,  and  customer 
service; an award that the current management team should be very proud of and
something we will continue to strive to achieve." stated Mr. Priestner.

About AutoCanada

AutoCanada is  one of  Canada's largest  multi-location automobile  dealership 
groups, currently operating 28 franchised dealerships in six provinces and has
over 1,200 employees. AutoCanada currently sells Chrysler, Dodge, Jeep,  Ram, 
FIAT, Chevrolet, GMC,  Buick, Infiniti, Nissan,  Hyundai, Subaru,  Mitsubishi, 
and Volkswagen branded vehicles. In 2012, our dealerships sold  approximately 
30,000 vehicles  and  processed approximately  309,000service  and  collision 
repair orders in our 333 service bays during that time.

Additional information about AutoCanada Inc. is available at www.sedar.com and
the Company's website at www.autocan.ca.

SOURCE AutoCanada Inc.

Contact:

Jeff Christie, CA
Vice-President, Finance
Phone: (780) 732-7164
Email: jchristie@autocan.ca
 
Press spacebar to pause and continue. Press esc to stop.