Mr. Azim Lalani reports

AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR FOURTH QUARTER 2023 FINANCIAL RESULTS

AutoCanada Inc. will release its financial results for the quarter and year ended Dec. 31, 2023, on Thursday, March 7, 2024, before the markets open. The company will hold a conference call and webcast to discuss the results on Thursday, March 7, 2024, at 9 a.m. Mountain Time (11 a.m. Eastern Time).

The conference call will include prepared remarks from AutoCanada's management team. After the prepared remarks, the company will accept questions from analysts.

Date: March 7, 2024

Time: 9 a.m. MT (11 a.m. ET)

Call: 1-888-664-6392 (Canada and United States)

Participants are asked to call at least 10 minutes prior to the start of the call. For those unable to participate on the live call, a replay will be made available until Thursday, March 14, 2024, by dialling 1-888-390-0541 (Canada and U.S.), passcode 444560. The public is invited to listen to the live conference call or the replay.

This conference call will be webcast live over the Internet and can be accessed by all interested parties.

For those unable to listen during the live webcast, an audio replay of the webcast will be available shortly after the conclusion of the conference call for a period of 90 days.

About AutoCanada Inc.

AutoCanada is a leading North American multilocation automobile dealership group currently operating 83 franchised dealerships, comprising 28 brands, in eight provinces in Canada as well as a group in Illinois, U.S. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, Fiat, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, Mini, Volvo, Toyota, Lincoln, Acura, Honda and Porsche branded vehicles. In addition, AutoCanada's Canadian operations segment currently operates three used vehicle dealerships and one used vehicle auction business supporting the used digital division; 12 RightRide division locations; and 11 stand-alone collision centres within its group of 27 collision centres. In 2022, AutoCanada's dealerships sold approximately 100,000 vehicles and processed over 900,000 service and collision repair orders in its 1,367 service bays generating revenue in excess of $6-billion.