Sydney-based car buying platform Carconnect has entered voluntary administration, with RSM Australia Partners appointing Jonathon Colbran and Brett Lord as Joint and Several Voluntary Administrators on 26 February 2026.
Founded in the early 2000s, Carconnect was one of the first online platforms in the Australian market connecting consumers with dealers. The company sought to simplify and tailor the car buying experience for customers.
The administrators have paused all business activity and intend to commence the process of seeking a buyer for the online business.
RSM Australia Partner Jonathon Colbran says there is inherent value in the business via its unique platform delivery, customer database and dealer network.
“We believe these will be attractive to the market and we intend to undertake a sale of business process,” Colbran says.
“Our priority is to facilitate the best outcome for all stakeholders which involves realising the maximum return for Carconnect’s valuable intellectual property. Any interested parties are encouraged to contact our office to register their interest in the sale process.”
Customer and dealer impacts
Colbran says administrators are currently communicating with both customers and dealers affected by the administration.
“We fully appreciate that there will be impacts in the short term for people who have not yet taken delivery of their vehicles and for dealers who have not yet been paid. We will be working through these circumstances as a matter of urgency and hope to achieve a positive resolution,” he says.
The administrator has encouraged Carconnect customers who paid deposits using credit cards to immediately discuss their situation with their bank or financial institution to assess their options, as they may be eligible for a chargeback.
“We understand this will be very disappointing news, but we wanted to inform customers and stakeholders as soon as possible,” Colbran says.
The administrators will write to creditors and stakeholders early next week to advise them of their appointment and the date of the first creditors meeting, scheduled for 10 March 2026.
RSM Australia has established dedicated contact points for all stakeholders. Interested parties requiring further information can contact administrators on (03) 9286 8202 or email creditors at Creditors.CarConnect@rsm.com.au, dealerships at Dealerships.CarConnect@rsm.com.au, employees at Employees.CarConnect@rsm.com.au, or customers at Customers.CarConnect@rsm.com.au.
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