The AutoSports Group Limited (ASX: ASG) has reported a 2.1% growth in revenue to $1,369 million in the first half of the 2025 financial year in a luxury market where sales declined by more than 13%.
Autosports Group has entered into an agreement to acquire the Stillwell Motor Group (which includes the BMW, BMW Motorrad, Mini, Volvo, MG, and Ducati brands in Victoria) for about $55 million. Completion is expected in October 2024, says Autosports Group.
Autosports Group Limited has entered into an agreement to acquire the business and assets of Motorline BMW, Motorline Mini, Motorline Bodyshop, Gold Coast BMW and Gold Coast Mini. The Motorline Businesses are privately owned by Eastcoast Automotive (QLD) Pty Ltd, Eastcoast Asset Services Pty Ltd, Service Master (Aust) Pty Ltd and Motorline Bodyshop Pty Ltd.
A ASX listed car retailer Autosports Group Limited (ASG) has agreed to acquire the property at 586 Wickham Street and 10 Light Street, Fortitude Valley, where it currently operates dealerships for Audi, Bentley, Lamborghini and Maserati .
Autosports Group has confirmed that it has completed its acquisition of Auckland City BMW Ltd. The group has taken over 100% of Auckland City BMW’s shares, for the sum of $70m. Auckland City BMW Ltd comprises four Auckland dealerships.
Australia’s Autosports Group Ltd has acquired three New Zealand dealerships as part of an AU$63.6m ($70.4m) purchase.
