Online bidders drive $1.7 million in sales
Records have tumbled at the Sydney Shannons winter classic auction held on August 25, with online bidders driving the bidding and resulting in record prices for some lots.
Auto-It announces changes to board
Specialist dealer management systems company, Auto-IT, has announced changes to the board of management after Ken Fife relinquished the role of chief executive officer to become chairman of the board.
All-new Astina arrives with diesel engine
Powered by the 2.2L SKYACTIV-D diesel engine, the Mazda3 XD Astina has arrived in local dealerships with outputs of 129kW and 420Nm.
Car industry funding to be axed by 2017
In its 326-page report on Australia's automotive industry, the Productivity Commission (PC) has recommended that assistance to both the manufacturing sector and the components manufacturing sector in the form of industry schemes, be abolished as it finds these have not delivered on the promise of kick-starting the automotive industry.
Industry group says job loss figures optimistic
Australia's peak manufacturing body believes the Productivity Commission is being optimistic predicting just 40000 car sector job losses, according to Australia’s leading industry group. The Australian Industry Group (Ai Group) thinks the commission's expectation that 60% of the car parts sector will survive is too optimistic.
Scrap the LCT says PC report
The Productivity Commission has recommended in its much awaited report released yesterday that the Australian Government scrap its Luxury Car Tax (LCT) impost on expensive vehicles.
Commission report says Aussie government should embrace used imports
A long-awaited Productivity Commission report has recommended the government embrace imported used vehicles, allowing the importation of 'grey imports' of used passenger and light-commercial vehicles – but not before 2018 "to ensure that reasonable advance notice is given to affected individuals and businesses, such as vehicle leasing companies".
AHG lifts profit despite market slowing
Car dealer and logistics firm Automotive Holdings Group (AHG) has lifted its full year profit by 12.5% to $72.9 million.
Lexus calls for 2015 car design entries
Lexus is calling for entries from all Australian designers for its 2015 Lexus Design Award, with the theme 'Senses'.
AP Eagers sells two dealerships
AP Eagers has unveiled plans to sell off two dealerships for a combined price of $20.2 million after entering into contracts for the sale of two properties to REIL Dealership Bonds Pty Ltd.