Australian Listed Dealer Comparison Report

This report is the fourth edition of the Pitcher Partners Motor Industry Services – Australian Listed Dealer Comparison, focusing on the performance of the top three listed motor dealer groups for the fiscal year ending 30 June 2024. It outlines how the macroeconomic environment and inventory supply impacted Eagers Automotive, Autosport’s Group, and Peter Warren Automotive Holdings. The report details revenue growth rates of 13% for Eagers Automotive, 12% for Autosport’s Group, and 19% for Peter Warren, despite pressures from high inflation and increasing costs affecting profit margins. The analysis highlights record new vehicle sales and an optimistic projection for 2024, estimating a potential exceeding of 1.25 million units in vehicle sales. The report documents the implications of rising interest rates on dealership financials and emphasizes the need for strategic focus on higher-margin products and services to maintain profitability in a challenging economic landscape. Additionally, it presents inventory management challenges and dealership acquisitions as key growth drivers.