AutoCanada Buys Ontario Hyundai Store
EDMONTON, Alberta — AutoCanada has strengthened its presence in the Toronto area, as the company recently bought a Hyundai store in Mississauga, Ontario.
It has finished the purchase of assets of the store that was formerly known as Future Hyundai. Going forward, it continues as 401/Dixie Hyundai.
There is space for eight service bays and a showroom that can fit five vehicles. The facility, which is leased, is roughly 9,500 square feet.
The store has been running since 1996. Last year, there were 250 used units sold and 600 new vehicles sold.
"Hyundai is a great franchise that has experienced strong growth and has developed a world-class product line up," shared Pat Priestner, chief executive officer or AutoCanada.
"This acquisition allows us to build upon our dealership platform in the greater Toronto area, the largest customer base in Canada, with the right franchise for this marketplace, and to have the opportunity to build on our strong partnership with Hyundai Auto Canada in Mississauga," he added.