Turners Automotive Group is anticipating more than 10% growth in net profit before tax for the first half of the 2025 financial year.
The company expects a record first-half performance, with the Auto Retail Division performing ahead of the previous year.
It said higher sales of owned vehicles have offset a reduction in consignment vehicles.
The finance business also reported strong book growth, with a 5% increase in the loan book over the past four months.
Turners' insurance business continues to perform well, while the credit management division is experiencing increased consumer arrears.
Despite the challenging macroeconomic conditions, Turners remains confident in its growth plan and aims to achieve its mid-term target of $65m in net profit before tax in the 2028 financial year ahead of schedule.
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