Market Overview

Honda North Receives The American Honda President's Award for the Seventh Consecutive Year

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Honda North, a member of the International Cars, Ltd. family of
dealerships, has been named a recipient of the President's Award for
2016 by American Honda Motor Co., Inc. Recognizing top-ranking Honda
dealerships across the country, the award is considered Honda's highest
dealership honor and is based on a candidate's achievement of excellence
in all areas of the dealership's operation. Customer service and
satisfaction, sales, training and facilities are all evaluated as
criteria for the recognition.

This is the seventh consecutive year that Honda North has been awarded
with the President's Award and the tenth time overall. Across New
England, 11 Honda dealerships won the President's Award in 2016, with
Honda North being one of four Massachusetts dealerships to win this
prestigious honor.

"We're humbled and honored to once again be recognized by American Honda
for this prestigious award," said Joseph Hajjar, General Manager of
Honda North. "We're especially grateful for our incredible customers
without whom there's no way we could have achieved such an honor. Thank
you from all of us at Honda North."

Each year, the objectives of the Honda President's Award Program are
reviewed and altered to match the market environment in order to
motivate Honda dealerships to achieve a greater sense of customer
satisfaction.

"Congratulations to Joe Hajjar and the entire sales, service and
operations team at Honda North on winning this award for the 7th
year in a row. It's an amazing achievement," said Richard Collins, CEO
of International Cars, LTD. "It wouldn't be possible without the many
friends and customers from all across Northern Massachusetts who have
been so loyal to Honda North."

Honda North carries the full line of Honda vehicles. For more
information on all of Honda's award-winning vehicles, visit www.honda.com.
For more information on Honda North, visit www.hondanorth.com.

About International Cars, Ltd:

International
Cars, Ltd.
, is an employee owned company comprised of five New
England area dealerships including Audi Stratham and Porsche of
Stratham, Stratham, New Hampshire, Dover Honda and Dover Chevrolet in
Dover, New Hampshire, and Honda North in Danvers, Massachusetts. Honda
North has advanced to the prestigious Master Circle.

The Honda Masters Circle recognizes the top 50 dealerships in new
vehicle sales nationally. Dover Honda just recently won its 3rd
President's Award as well. International Cars has won several industry
awards, including the Audi Magna Society Award in 2010 at Audi Stratham,
the third time consecutively. Porsche of Stratham has been recognized as
a Porsche Premier Dealer.

Company-wide values focused on ownership, accountability, and high-level
customer service and satisfaction are an integral part of employee
ownership success. Together, International Cars earned several AACE
(Annual Award for Communications Excellence) Awards through The National
ESOP (Employee Stock Ownership Plan) Association. For more information
on International Cars, please call Ebben Group at 781-449-3244 or visit www.iclautos.com.

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