2024 posts new-car record but 2025 will have challenges for dealers, says Cox boss

Feb 4, 2025 · THE year ahead will bring a broader range of more affordable new cars, rising EV sales, the potential for a 10 per cent EV market share, plus the chance of lower interest rates, says a forecast by Cox Automotive Australia for 2025. In its 2025 Market Outlook report just released, Cox Automotive ...

13 hours ago · A FOCUS on fixed operations management (vehicle service) still provides the best opportunity for dealership profit improvement. This is because the gap between the most efficient non-luxury workshops and average is $65,000-plus per technician net profit per annum in labour alone. In this article ...

Jan 14, 2025 · ONE of Australia’s biggest automotive dealer groups has cautioned about ongoing market strength, warning that too many new cars in a contained market will temper growth. Peter Warren Automotive Holdings, in a late 2024 trading update, warned that there had been a growing deterioration in trading ...

Beginnings. John Mellor. Mellor, a 50-year industry veteran, shared his vision with Cox Enterprises, a huge media group in the United States, and, via its Cox Automotive group and its Australian operations at Manheim, Cox agreed to partner with GoAutoMedia to help fund this new Premium initiative with the level of manpower necessary.

14 hours ago · The Medium Duty segment was the only part of the heavy vehicle market to outperform January 2024 sales, with 472 Medium truck deliveries for the month of January 2025 compared with 439 trucks in January last year, a gain of 7.5 per cent.

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Nov 26, 2024 · Meanwhile the CEO of the AADA, James Voortman told GoAutoNews Premium: “ We have been very clear in our discussions with the Government that the legislation should ensure that manufacturers comply with the NVES at the point of sale. “Under the existing rules, there are real risks that dealers will be put at risk by having to carry a …

Feb 1, 2025 · The suite of measures the AADA is calling for comes off the back of Australian Mercedes-Benz dealers heading back to court in March to appeal the Federal Court decision which ruled in favour of the Stuttgart-based company, which changed its distribution to an agency sales model in 2021.Mr Voortman, who this week returned from the United States, said that “whenever I speak with dealers across ...

Dec 10, 2024 · COMPETITION in the new-car sector will be “fierce and fascinating” in 2025 according to a CarExpert consumer research report that was conducted by research agency Nielsen and backed by the Australian Automotive Dealer Association (AADA).