Eagers Automotive Limited (ASX:APE)
Eagers Automotive Limited (ASX:APE) has a long and proud history in Australia operating within the automotive industry that extends for over 100 years.
EA has shown resilience and innovation throughout the ever changing automotive landscape while being true to its heritage and has seen the company grow to what it is today; the number one oldest listed automotive retail group in the country.
The acquisition of Automotive Holdings Group (AHG), has moved the business into a position of opportunity to further distance itself from competitors. Eagers Automotive Limited is a pure automotive retail group with over 250 locations throughout Australia and New Zealand.
The group represents a diversified portfolio of automotive brands, including all 19 of the top 20 selling car brands in Australia and 9 of the top 10 selling luxury car brands. In total, Eager's represents almost 30 car brands and 10 truck and bus brands. In addition the group's dealership locations service over 1 million vehicles across Australia and New Zealand per year.
The group's business consists of the ownership and operation of motor vehicle and truck dealerships. It provides full facilities including the sale of new and used vehicles, service, parts, aftercare and the facilitation of allied consumer finance.
EA's operations are typically provided through strategically clustered dealerships, many of which are situated on properties owned by the group, with the balance leased.
EA owns over $300 million of prime real estate positioned in high profile, main road locations in Brisbane, Sydney, Melbourne and Adelaide.