Latest Used Car Market News

Carma delivered a much larger operation in FY26, with revenue up 59% and gross profit doubling, but the online used-car retailer remains deeply loss-making. Its next test is converting new sourcing and reconditioning capacity into faster inventory turnover and lower cash burn.

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.

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.

Carma Limited delivered a robust H1 FY26 performance with a 102% surge in gross profit, driven by strong unit growth and strategic expansion of its Sell-to Carma locations and reconditioning capacity.

MONEYME has reported a robust second quarter with a 26% increase in its loan book to $1.75 billion and a 19% rise in revenue to $60 million, underpinned by improved credit quality and strategic funding initiatives.

Turners Automotive Group has posted a resilient and record first-half result for FY26, with net profit before tax up 13% despite ongoing economic challenges. The company’s diversified model and strategic capital moves underpin its confident outlook.