AutoCanada Inc. revenues have dropped sharply — by nearly 15 per cent — from a lack of activity in its new and used vehicle sales, but collision repairs and the ongoing sale of its dealerships in the United States are causes for hope.
With revenues from sales slumping, going forward interim CEO Sam Cochrane said the company will prioritize collision repair, among other services, to help drive the growth of business across the country.
“ In the near term, our priorities will include expanding our collision operations and strengthening the performance of our dealership network under the new ACX (AutoCanada’s collision repair centres) framework, which is designed to drive consistent, profitable volume growth across our business,” said Cochrane in Thursday’s earnings report.
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