Latest Automotive News

Peter Warren Automotive has completed its acquisition of Wakeling Automotive, but the transaction remains tied to eight dealership divestments required by the ACCC. The deal expands Peter Warren’s dealership portfolio while leaving a significant regulatory obligation outstanding.

Eagers Automotive has signed a non-binding agreement to acquire a 50% interest in Zagame Automotive Group, gaining exposure to 14 premium and luxury vehicle brands across Melbourne and Adelaide. The company expects the proposed joint venture to be immediately earnings accretive, although completion remains conditional and no transaction value has been disclosed.

Peter Warren Automotive has secured ACCC approval for its acquisition of Wakeling Automotive’s dealerships in Sydney’s Macarthur region, contingent on divesting eight sites to maintain local competition.

The ACCC has approved Peter Warren Automotive's acquisition of Wakeling Automotive's dealerships in Sydney's Macarthur region, conditional on divesting eight sites to preserve competition.

Vmoto Limited posted its strongest half-year sales ever with $35.7 million revenue and a 140% surge in unit sales, underpinned by new global partnerships and international market growth.

Carma Limited posted a 59% revenue jump to $113.8 million in FY26, doubling gross profit to $10.5 million, while gearing up to double reconditioning capacity and target positive EBITDA in 2027.

NTAW Holdings reported a 15.7% revenue drop to $445.3 million in FY2026 but improved net losses and operating EBITDA amid a strategic reset. The company divested its South African stake and plans asset sales as it targets modest growth in FY2027.

ARB Corporation's FY2026 results show a 3.8% revenue dip and 5.2% profit decline amid challenging 4x4 sales, while international expansion and engineering investment underpin future growth.

Peter Warren Automotive reported a modest revenue increase to AUD 2.489 billion in FY26 but saw profit after tax nearly halve to AUD 6.3 million, reflecting margin pressure in new vehicles and rising operating costs. The company declared a fully franked final dividend of 0.6 cents per share and is poised for growth with expanded Chinese brand exposure and a disciplined acquisition pipeline.

Turners Automotive Group delivered record FY26 results with a 14% dividend rise, underpinned by strong growth in Auto Retail, Finance, and Insurance despite geopolitical headwinds.

Amotiv Limited (ASX: AOV) delivered a solid FY26 with a $75.1 million net profit, reversing last year’s loss, underpinned by 2.7% revenue growth and strong cash conversion. The company declared a fully franked 23 cent final dividend and advanced its Amotiv Unified transformation and climate initiatives.

RPM Automotive's CEO Roy Norris resigned following mutual agreement with the board amid strategic leadership discussions. The company is launching a search for a new CEO and aims to bolster its governance with new independent directors.