Qld leads nation with selling gross up 14% in September
The average Australian dealer’s profitability for September – as measured by net profit as a percentage of sales (NP%S) – was 2.3% for the average Australian dealer, according to the latest Deloitte ‘dealer profitability’ figures.
Financial takes over CustomFleet in AU, NZ
Element Financial has secured funding to take over vehicle leasing and fleet management firm CustomFleet in Australia and New Zealand.
New ANCAP boss: Consumer is key
ANCAP has named James Goodwin as its new chief executive officer. The appointment of the former Australian Automobile Association government relations and communications director was made by the ANCAP board last month after former chief, Nick Clarke, announced he would leave after 10 years in the role.
Car vending machine opens for business
After two years of preparation and fine-tuning US-based used car dealer Carvana has officially opened what it calls the world’s first, fully-automated, coin-operated car vending machine.