Buoyant sales certainly bode well for the major car retailers. Automotive Holdings Group (ASX: AHE) has 85 passenger vehicle, truck and bus dealerships across Australia and New Zealand and is achieving record sales. Fellow retailer AP Eagers (ASX: APE) sells nearly 4% of all new cars sold in Australia through 97 dealerships. AP Eagers also owns strategic investments in MTAI Insurance, carsguide.com.au and Automotive Holdings Group. Also of note, AP Eagers has paid a dividend every year since listing on the ASX in 1957. Meanwhile four-wheel-drive manufacturer and distributor ARB Corporation (ASX: ARP) is trading near record highs as it continues to benefit from its off-shoring strategy and entry into new markets.
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