AutoCanada exits digital business, closes Online C2C F&I and Kijiji instant cash offer units
Bitget2026/09/28 12:05- AutoCanada repurchased iA Financial Group’s 10% stake in 15154871 Canada for $8 million cash, ending their digital investment arrangement.
- Operations reset to core dealerships and collision centers through the closure of its online C2C finance and insurance unit.
- Kijiji-based instant cash offer business also shut as management reallocates capital and attention to core operations.
- Digital units generated about $3.6 million revenue in the 12 months ended June 30, 2026, with a net loss of $6 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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