AutoCanada, a multi-location North American automobile dealership group, has completed the sale of Chevrolet and Hyundai dealerships in Palatine, Illinois, which were classified as discontinued operations at the end of 2024. The sale generated $9.3 million in cash, which will be used to reduce the company’s revolving credit facility.
The transaction is part of AutoCanada’s strategy to streamline its operations and focus on its core Canadian market. AutoCanada’s Canadian Operations segment operates 64 franchised dealerships in Canada, comprised of 23 brands, in eight provinces.
The Chevrolet of Palatine dealership is located at 151 East Lake Cook Road, and the Hyundai of Palatine dealership is located at 221 E Lake Cook Road. Earlier this year, AutoCanada also sold the sale of Crystal Lake Chrysler Dodge Jeep Ram located in Crystal Lake, Illinois, at 5404 S Illinois Rte 31.
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