Autosports Group (ASX:ASG) Anticipates Stable Growth in H2FY24 with Focus on Acquisitions

Fri 16 Aug 24, 08:48 AM |

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Highlights

Australian vehicle sales increased 2.7% in July 2024, reaching 99,486 units.

ASG’s revenue surged 26.3% in 1HFY24, but NPAT growth was modest at 1%.

ASG expects stable revenue growth and focuses on dealership acquisitions for expansion.

Autosports Group Limited (ASX: ASG) is a prominent luxury car retailer in Australia. It specialises in new and used vehicle sales. The company also distributes finance and insurance products. Additionally, it sells aftermarket products and spare parts.

New Vehicle sales continue to grow

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