Eagers Automotive expects revenues to be $1 billion higher in 2023, with acquisitions and the EV shift helping.
CEO Keith Thornton says the company will benefit from a two-year run-off in back orders still to be filled.
A generational shift to electric vehicles will help underpin extra sales, with the company having the retail rights to Chinese brand BYD.
Logjams at ports are causing frustrating delays in being able to deliver vehicles to customers.
Australia’s largest car dealership group’s order book, which will take two years to run down, will provide a buffer against economic headwinds, with sales bolstered by a steady shift to electric vehicles.
Eagers Automotive, which runs 200 showrooms nationwide, said on Wednesday that revenue had climbed 9 per cent since January 1, and underlying profit for the four months ended April 30 was in line with last year.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
