May
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.
- Mark Di Stefano
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.
- Simon Evans
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.
- Simon Evans
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.
- Updated
- Simon Evans
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.
- Simon Evans
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.
- Simon Evans
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.
- Simon Evans
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.
- Simon Evans
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.
- Simon Evans
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.
- Simon Evans
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.
- Simon Evans
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.
- Updated
- Simon Evans
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.
- Updated
- Simon Evans
March 2022
Sydney Roosters mull JobSaver repayments
Is it any wonder Easts is such a glutton for government cheques with no return address?
- Joe Aston
COVID casualties crimp start of NRL season
The NRL has only a handful of unvaccinated players, but COVID-19 is still stalking the 2022 competition.
- Michael Pelly
July 2021
Australia’s biggest car dealership group in record profits
Haggling for a better deal has vanished because of lengthy order backlogs and supply constraints that help boost profits.
- Simon Evans
June 2021
Vicars, Kanaan, Paradice & Co’s fintech to open Till on $800m float
A bunch of Australia’s biggest name brokers and fund managers are set to go public with their secret fintech investment, Till Payments.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
April 2021
It’s all happening at Peter Warren Automotive!
During 2020, the aspiring public company took $28 million in JobKeeper, but has returned nearly half of it.
- Joe Aston
March 2021
NRL’s need for speed on trial as Smith calls time
With the NRL season about to start, rules changes promise to make the game even faster – but the game’s most decorated player won’t be there.
- Kris Swales
