The record pace of new vehicle sales in Canada is paying off for publicly traded dealer group AutoCanada Inc.
The Edmonton-based company said third-quarter profit soared 61 per cent.
The company raised its annual dividend 84 cents a share after posting profit of $11.0-million or 51 cents a share, up from $6.8-million or 34 cents a share a year earlier.
"The strong growth during the quarter can be attributed to gross profit increases in all four of our business lines – new vehicles, used vehicles, finance and insurance, and parts, service and collision repair," chief executive officer Pat Priestner said in a statement.