Mr. Sam Cochrane reports

AUTOCANADA COMPLETES SALE OF TOYOTA OF LINCOLN PARK

AutoCanada Inc. has completed the sale of Toyota of Lincoln Park, in Chicago, Ill. This dealership is part of the United States dealerships reclassified as discontinued operations at year-end 2024.

In the 12 months ended Sept. 30, 2025, Toyota of Lincoln Park generated sales of approximately $64.7-million (2024 -- $87.1-million) and incurred net income of $1.0-million (2024 -- net loss of $1.2-million).

AutoCanada received approximately $11.2-million in cash on the sale for goodwill and fixed assets, excluding inventory and net working capital, with proceeds directed toward reducing the outstanding balance of the company's revolving credit facility.

The disposition of Toyota of Lincoln Park represents continued progress in the company's previously announced plan to exit its United States operations segment and further strengthen its balance sheet.

All dollar amounts in this press release are in Canadian dollars.

About AutoCanada Inc.

AutoCanada's Canadian dealership operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru and Volkswagen vehicles. In 2024, AutoCanada's Canadian dealerships sold approximately 85,000 new and used retail vehicles.

AutoCanada's Canadian collision operations consist of 33 collision centres and one calibration centre, supported by 26 OEM (original equipment manufacturer) certifications covering 37 vehicle brands. The company's collision network enables customer retention across multiple touchpoints within the automotive ownership life cycle.

AutoCanada's United States operations, which are held for sale and reported as discontinued operations, consist of 12 franchised dealerships representing eight automotive brands located in Illinois. U.S. dealerships sell Audi, Hyundai, Kia, Lincoln, Mercedes-Benz, Porsche, Subaru and Volkswagen vehicles.

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