Latest Automotive News

Eagers Automotive reported a record-breaking 2024 with $11.2 billion in revenue and maintained its dividend, while securing a pivotal retail agreement with BYD Australia and unveiling a new community initiative.

Turners Automotive Group has updated its dividend details for the quarter ending March 2025, declaring a fully franked ordinary dividend alongside a supplementary unfranked payout and a Dividend Reinvestment Plan with a 2% discount.

Turners Automotive Group has announced a fully franked quarterly dividend of NZD 0.10588235 per share, alongside a supplementary unfranked dividend and a Dividend Reinvestment Plan offering a 2% discount.

Turners Automotive Group has reported a record FY25 performance, with net profit after tax rising 17% to $38.6 million and dividends increasing 14% to 29.0 cents per share, showcasing resilience amid challenging economic conditions.

Turners Automotive Group has delivered a record FY25 profit and dividend, showcasing resilience amid economic challenges and positioning itself to exceed FY28 profit goals ahead of schedule.

RPM Automotive Group has launched a fully operational tyre recycling plant, boosting its earnings potential while reporting steady revenue and improved profitability for the nine months FYTD.

CL8 Holdings has completed a strategic merger of its Carly car subscription business with Carbar Holdings, combining two of Australia’s leading platforms. The company retains a stake in the merged entity and plans to pursue fresh growth opportunities while streamlining operations.

Vmoto Limited reported a 16% decline in total unit sales for 1Q25, offset by a strong cash position and strategic investments in e-mobility solutions and production capacity.

SG Fleet Group reported a solid $41.1 million NPAT for the first half of 2025, driven by strong disposal volumes and fleet growth across Australia, New Zealand, and the UK. While profit dipped from last year, the company anticipates normalization in the second half.

Turners Automotive Group has raised its FY25 profit guidance to at least NZ$53 million, marking its fifth consecutive record profit despite challenging economic conditions.

AMA Group has locked in a $110 million debt facility from two major Australian banks, improving funding costs and enabling strategic expansion in the collision repair sector.

Carly Holdings Limited has agreed to merge its car subscription operations with Carbar Holdings in a $3.8 million deal, aiming to create a larger, more competitive player in Australia’s growing car subscription sector.