Carsales: Interim result 2014

A solid result from this car portal has allayed concerns about car makers removing new car inventory.

There’s been a lot of talk in recent months about car makers stopping dealers from listing new cars, and that was evident in Carsales’ latest interim result, but the more obvious feature was the strength that’s helping it overcome these problems.

On the one hand, new vehicle enquiry volumes fell by around 18%. But on the other, a 4% increase in used car enquires kept the total flat overall, and the price rise last February meant that dealer revenue rose 11%.

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