This Month
Car dealers face $2b hit from tougher fuel efficiency standards
The surging popularity of hybrid cars is a dilemma for manufacturers and dealers as they grapple with the government’s stricter fuel standards regime.
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
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 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
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
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.
September 2024
‘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
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.
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 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
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
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
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
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
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
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.
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
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 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
Used car prices up 7.5pc in June quarter, but relief in sight
Moody’s Analytics says used vehicle prices should start to fall.