Australian Listed Dealer Comparison Report 2023

This document is a report detailing the performance of Australian listed automotive dealer groups for the year ending December 2023. It outlines the sales growth of Eagers Automotive, Autosport’s Group, and Peter Warren Automotive Holdings, highlighting a notable increase in revenues attributed to higher stock levels and improved supply chains. The report notes that while new vehicle sales rose significantly, macroeconomic pressures such as high inflation and interest rates have negatively impacted net income margins. It presents a forecast for continued growth in vehicle sales, projecting unit volumes to exceed 1.2 million in 2024. Additionally, the report discusses the rising importance of electric vehicles (EVs) in the market, noting a substantial increase in their sales share and the impact of government incentives on adoption rates. The document also addresses the challenges faced by dealerships in managing costs amidst changing market dynamics and evolving consumer preferences.