Eagers Well Placed to Benefit From Hunger for Chinese Cars -- Market Talk
Dow Jones03-20 05:47
2147 GMT - Australian consumers are buying more China-made cars and Eagers Automotive is well-placed to benefit from this trend, says Jefferies. Chinese cars now account for 20% of new vehicle sales in Australia, up from 10% in 2024. Analyst John Campbell says Eagers is less reliant than other dealers on selling cars made in Europe and North America, which he expects will continue to lose market share. "We also believe that Eagers being (well) overindexed to BYD and to a less extent Chery is extremely positive," Jefferies says. It retains a buy call and A$29.50/share price target on Eagers, which ended Thursday at A$20.09. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 19, 2026 17:47 ET (21:47 GMT)
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