The AutoCanada Inc. dealership group released its financial results on May 7 for the first quarter of 2015. AutoCanada operates 48 dealerships representing 56 franchises in eight provinces.
Here are a few noteworthy highlights:
- Gross profit from existing and new dealerships increased by 67 per cent, or $42.3 million, to $105.4 million in the first quarter of 2015 from $63.1 million in the same quarter in 2014;
- Revenue from existing and new dealerships increased by 74.1 per cent, or $269.5 million, to $633.4 million in the first quarter of 2015 from $363.9 million in the same quarter in 2014;
- Same store new vehicle retail revenue decreased by 11.4 per cent, or $17.4 million, to $135.4 million in the first quarter of 2015 from $152.8 million in the same quarter in 2014;
- Same store used vehicle retail revenue increased by 2.8 per cent or $1.6 million, to $57.9 million in the first quarter of 2015 from $56.3 million in the same quarter in 2014;
- Same store revenue decreased by 3.5 per cent in the first quarter of 2015, compared to the same quarter in 2014. Same store gross profit decreased by 8.5 per cent in the first quarter of 2015, compared to the same quarter in 2014.
