Carsales.com says consumer demand for gas-guzzling sports utility vehicles (SUVs) remains healthy despite high petrol costs,helping the automotive classified website post sharply higher profits.
The ASX-listed automotive classifieds business says it can offer advertisers the same reach as Australia’s large news networks. Its latest acquisition shows its putting its money where its mouth is.
The COVID pandemic sent used cars and caravans into overdrive. But is a cliff coming?
Carsales.com,Australia’s largest vehicle marketplace,will acquire Trader Interactive for $1.7 billion.
Global supply chain disruptions,the chip shortage crisis and high demand will keep car prices high,Carsales.com chief executive Cameron McIntyre says.
Carsales Australia boss Ajay Bhatia says higher prices for second-hand cars are here to stay.
Carsales Australia boss Ajay Bhatia says Australia should identify four or five pillar industries for special focus to diversify the economy and strengthen the recovery.
Australians are driving up used car prices to new highs,taking advantage of cheap petrol prices amid health fears about using public transport.
Prominent business voices across Melbourne are hoping the city can re-emerge from the"dark tunnel"of emotional and economic distress caused by the COVID-19 lockdown.
The car classifieds group has reported a 9 per cent fall in its statutory net profit largely due to the impacts of COVID-19,but has maintained its dividend
Financial reports are starting to paint a picture of how Australians dealt with their time in isolation and their residual levels of anxiety.