Latest Automotive News

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.

Amotiv Limited’s interim results reveal a 34.3% decline in net profit despite a 2.3% revenue increase, driven by significant impairments and restructuring costs. The company declared a fully franked interim dividend of 18.5 cents per share.

CAR Group has reported robust half-year results for FY25, showcasing strong revenue, EBITDA, and profit growth across its global digital automotive marketplaces. The company’s strategic investments and market leadership underpin its optimistic outlook for continued expansion.

CAR Group has reported robust half-year results for FY25, showcasing strong revenue and earnings growth across its global markets, underpinned by strategic diversification and innovation.

Carly Holdings Limited has reported a 41% jump in customer receipts and its highest-ever subscription revenue in the December 2024 quarter, alongside significant cost reductions and strategic fleet adjustments.