Latest Automotive News

Bapcor reports a turnaround in sales momentum after February 2026 but lowers its full-year earnings forecast due to geopolitical and cost pressures.

Vmoto Limited has inked a worldwide partnership with MotoGP Sports Entertainment Group to produce and distribute three MotoGP-branded electric scooter models, aiming to boost brand visibility and sales through 2030.

Eagers Automotive has finalized its majority acquisition of CanadaOne Auto, positioning itself among the world’s largest automotive retail groups with combined pro-forma revenue nearing A$19 billion.

Carma Limited surged past prior year sales with 1,344 units sold, boosted by rapid network expansion and improved reconditioning efficiency, while maintaining a solid cash position.

Eagers Automotive delivered a record $13 billion revenue in 2025, boosted market share in new and New Energy Vehicles, and secured landmark global partnerships to fuel future growth.

RPM Automotive has appointed Roy Norris as its new CEO, replacing Clive Finkelstein who served since September 2024. Norris brings extensive industry experience aimed at steering RPM's strategic growth.

Vmoto Limited forecasts FY26 sales revenue between $73.5 million and $85 million, marking a 57% to 82% increase over FY25, driven by growing orders, strategic partnerships, and regulatory trends favouring electric motorcycles in key markets.

Turners Automotive Group Limited (NZX:TRA) has announced an ordinary dividend of NZD 0.10588235 per share for the quarter ending 31 December 2025, payable on 29 April 2026, with a fully franked component and a supplementary unfranked dividend. The company offers a dividend reinvestment plan (DRP) with a 2% discount and new shares to be issued under the plan.

Eagers Automotive is broadening its Australian footprint through strategic investments in multi-brand dealerships and premium Audi outlets, while advancing its international ambitions with CanadaOne Auto.

Turners Automotive Group has unveiled an ambitious roadmap aiming for $100 million net profit before tax by FY31, driven by organic growth and strategic network expansion across its integrated used car platform.

Turners Automotive Group has raised its net profit guidance for FY26 to $63 million, driven by robust vehicle sales and record finance lending, despite a goodwill write-down in its EC Credit division.

Bapcor Limited has initiated a fully underwritten $200 million equity raising at $0.60 per share, aiming to reduce debt and support a strategic turnaround under new leadership. The retail entitlement offer opened on 5 March and closes on 19 March 2026.