Tag: AHE

Australian car sales continue to outperform the growth rate in the Australian economy.

The country’s leading car dealer, Perth-based Automotive Holdings Group Ltd, showed this week that it was one of the biggest direct beneficiaries of the federal government’s 2009 economic stimulus, especially the tax breaks for car purchases for small and medium businesses.

It’s not only food, department stores and other general retailers which are riding something of a boom at the moment (except Coles), with sales and earnings riding high.

We’ve written before on the growth ideas of Perth-based Automotive Holdings Group (AHE) which this week again proved that it’s not just resources and Wesfarmers that dominate business thinking in the West.

Perth-based car dealer, distributor and logistics group, Automotive Holding slipped through a solid net interim earnings report last week, plus a further move to expand its base in Perth and in the very competitive Sydney market.