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Nick Politis

This Month

New chief operating officer of BYD Australia Stephen Collins.

Plug-in ute a game changer for BYD in Australia, says top exec

The new chief operating officer in Australia for the fast-growing Chinese brand says having the BYD Shark ute in the line-up has given extra credibility.

May

Sydney Roosters chairman Nick Politis at last year’s announcement where BYD became a major sponsor of the NRL team. Politis owns 28.3 per cent of Eagers Automotive, Australia’s biggest car dealership group.

Eagers Auto loses exclusive rights to sell fast-growing BYD brand

Top car dealership group agrees to a new five-year sales deal with BYD, but the Chinese EV maker can now also appoint other retailers.

Eagers Automotive chief executive Keith Thornton is well ahead on a $10 million loan deal.

Eagers execs’ share loans too profitable to go unnoticed

One of the world’s biggest proxy advice firms has taken aim at Eagers. But the drive-by misses the point: management’s alignment with shareholders is good.

February

Eagers Automotive, Australia’s largest car dealership group, says the potential upside from its retail joint venture with Chinese group BYD is up to $38 million annually in profit before tax. Orders for the BYD plug-in hybrid Shark ute are strong.

Hybrid car sales save Eagers from investor ire despite profit fall

The country’s largest dealership reported a 25 per cent fall in profits, but pointed to surging demand for BYD, a Chinese carmaker it is in partnership with.

October 2024

The Eumundi portfolio includes the Plough Inn on Brisbane’s South Bank.

Rich Lister Nick Politis lobs $77m takeover bid for Qld pub owner

Eumundi Group’s portfolio includes the Ashmore Tavern on the Gold Coast, the Aspley Central Tavern in Brisbane’s north and the Plough Inn on South Bank.

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September 2024

Nick Politis says the investments will generate 6pc returns.

‘Great assets’: Nick Politis pays $50m for Porsche dealerships

Sydney Roosters chairman Nick Politis has added two Melbourne Porsche dealerships to his 28pc stake in ASX-listed Eagers Automotive.

May 2024

Rich Lister Nick Politis is the largest shareholder in Australia’s biggest car dealership group.

Nick Politis times the market like a true Rich Lister

The automotive billionaire sold a portfolio of dealerships to ASX-listed Eagers last year. Now, the company’s share price is down 30 per cent.

Nick Politis owns 27.3 per cent of Eagers Automotive, Australia’s largest new car dealership group.

Rich Lister down $160m as Eagers shares crash on profit warning

Australia’s biggest car dealership group warned of a June-half profit drop as household cost-of-living pressures rise.

October 2023

Rich Lister Nick Politis is the largest shareholder in car dealership group Eagers Automotive.

Rich Lister Nick Politis in $245m sale of BMW, Mercedes dealerships

The Sydney Roosters chairman owns 27.6 per cent of ASX-listed Eagers Automotive, which is buying Victorian car dealerships from him.

May 2023

Eagers Automotive has the exclusive retail rights for the big-selling Chinese electric vehicle brand BYD in Australia.

Electric car order book drives dealership revenue

Logjams at ports for ships delivering new vehicles is a handbrake, but sales are set to be $1 billion higher at Australia’s largest car dealer.

April 2023

BYD is a big competitor in China to industry pioneer Tesla.

Eagers expects EV jump as BYD narrows gap on Tesla

Billionaire investor Warren Buffett is a backer of the Chinese car, now the No.2 selling electric vehicle brand in Australia behind Tesla.

March 2023

Tesla Model 3s are made in China for the Australian market.

Four in every 100 new vehicles sold are Tesla

The Ford Ranger and Toyota Hi-Lux utes are still the most popular new vehicles in Australia, but the Tesla Model 3 is closing in.

February 2023

The price of new cars is predicted to come down by July or August.

In the market for a new car? Get ready to haggle again

New vehicle supply is improving as the negative wealth effect from falling house prices arrives, ending the golden days for car dealers.

January 2023

Moody’s Analytics says while the price tags for used cars is in decline since a peak in May, buyers are still having to pay 54 per cent more than pre-pandemic prices.

Used car prices drop 12pc but bargains a long way off

Moody’s Analytics says secondhand car buyers are still paying prices up to 54pc higher than before the pandemic, but prices are falling.

October 2022

BYD became the biggest selling electric vehicle manufacturer earlier in 2022.

Lithium stocks aren’t the only way to play the electric vehicle rise

Australia’s largest car dealership group is selling Warren Buffett-backed BYD electric vehicles, and a Rich Lister keeps buying up shares.

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September 2022

New vehicle sales in August highest in five years, EVs jump

The Tesla Model 3 was the fourth-highest selling new vehicle model across the entire market, with electric cars making solid headway.

August 2022

Rich Lister Nick Politis bought a parcel of 10,000 shares in Eagers Automotive for 27 days in a row.

Why this Rich Lister bought 10,000 Eagers shares for 27 days straight

Australia’s biggest car dealer group says its new car order book is 25 per cent higher than a year ago and electric vehicle changeovers will add extra demand.

Rich Lister Nick Politis has bought a parcel of 10,000 shares in Eagers Automotive every day for more than a fortnight.

Rich Lister doubles down on slow recovery in car sales

New vehicle sales were up 0.4 per cent in July, as Eagers Automotive investor Nick Politis continued a buy-up of shares for a 15th day.

July 2022

Moody’s Analytics says used car prices kept rising in the June quarter, particularly utes, but predicts a gradual slowdown from here.

Used car prices up 7.5pc in June quarter, but relief in sight

Moody’s Analytics says used vehicle prices should start to fall.

March 2022

Sydney Roosters chairman Nick Politis.

Sydney Roosters mull JobSaver repayments

Is it any wonder Easts is such a glutton for government cheques with no return address?

Original URL: https://www.afr.com/person/nick-politis-4m6