HOT TOPIC
// 2 Cheap Cars reports $1.7m first-quarter profit
2 Cheap Cars has reported an unaudited net profit after tax of about $1.7 million for the first quarter of the 2027 financial year, while cautioning shareholders against reading too much into the result as it remains subject to a takeover offer.
- Autofile says 2 Cheap nets $1.7m quarterly profit
HOT TOPIC
// Car loan enquiries increase
The demand for automotive loans was eight per cent higher in July than in the same month of the previous year, according to new figures from credit bureau Centrix.
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BEST OF THE REST
// Giltrap calls time on Kia
The Giltrap Group is ending its representation of the Kia brand on Auckland’s North Shore in mid-October.
IN OTHER NEWS
// Citroen still committed to NZ despite selling only 2 cars this year
The local distributor of French carmaker Citroen has confirmed that it is still committed to the marque, and is planning the launch of new models later in the year, despite lagging sales figures, few local updates, and a surge in affordable new brands.
// BMW recalls cars over fire risk, asks owners to park cars outside
BMW New Zealand has recalled several models in its line-up over starter motor issues, with the brand asking owners of newer models to avoid using ‘remote engine start’, to not leave their cars running unattended, and in some cases to park their cars outside.
// Penny CRM targets dealer F&I with finance-specific platform
A New Zealand-built CRM is pitching dealers a finance and insurance platform that its makers say sits apart from the dealer management systems already on the market.
// Suzuki New Zealand’s Jimny Horizon special edition is actually a send-off of sorts
Suzuki New Zealand’s Jimny Horizon model is part special-edition for the range, part runout for the 3-door as it prepares for the launch of a mildly updated model.
// EROAD appoints David Leach as chief executive
EROAD has appointed technology executive David Leach as its new chief executive officer, with the former Cin7 chief executive set to take up the role on October 12.
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INTERNATIONAL EV NEWS
// Geely Galaxy Battleship 700 tri-motor stuffs 1,113 hp in a high-luxe, boxy package
The eagerly anticipated Geely Galaxy 700 was expected to be the Chinese brand’s answer to the Range Rover and Land Cruiser, but with a tire-shredding 1,113 hp on tap, it may be a bigger, boxier rival to Italian exotic cars instead.
ONE LINERS
- Xiaomi’s new SUVs are hybrids with EV-sized battery packs
- Chery enlists suspension specialists Premcar to test Stockman ahead of launch
- Aston Martin revives five classic colours for Heritage Editions
- Hennessey Blackbird takes hypercars back to basics
- Lamborghini celebrates 60 years of the Miura with special edition Revuelto
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