ARB Corporation (ARB) – Feb-25 new vehicle sales remain weak

March 24, 2025

ARB Corporation Limited engages in the design, manufacture, distribution, and sale of motor vehicle accessories and light metal engineering works. The company serves stockists, vehicle dealers, and various fleet operators, as well as owns and license ARB branded store network. The company has operations in Australia, New Zealand, the United States, Thailand, the Middle East, Europe, and the United Kingdom. ARB Corporation Limited was incorporated in 1975 and is based in Kilsyth, Australia.

Australian new vehicles sales declined by 9.6% in February to 94,993, with all states and territories experiencing a decline in sales. ARB’s key vehicle sales declined10.3% in February with the LCV market continuing to struggle. Vehicle sales have declined for the past seven months, cycling record sales from 2024. All states and territories reported a decline in sales with key states of NSW and QLD reporting a decline of 6.7% and 10.1% respectively.

For ARB, sales of its key vehicles were down 10.3%, with the LCV market continuing to struggle. Sales of the top two selling Utes, the Toyota Hilux and the Ford Ranger, experienced sales declines of 17.9% and 24.5% respectively in Feb-25. The decline in vehicle sales over recent months, and further declines to come, should be partly offset by ARB's strong orderbook, new and refurbished stores, further offshore expansion and strategic partnerships with key OEM customers. We maintain a BUY rating.

Insights that count

Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.

ResMed Inc. (RMD) – Diagnostic wins

ResMed manufactures sleep apnoea equipment and other respiratory devices and provides cloud-based software monitoring systems via the software as a service (SaaS) method.

Learn More

COG Financial Services (COG) – Share price better reflecting growth options

COG Financial Services provides equipment financing and broking, aggregation, insurance broking, and novated leasing activities for small to medium-sized enterprises in Australia.

Learn More

Electro Optic Systems Holdings (EOS) – A company maker

Electro Optic Systems develops and manufactures anti-drone software and systems and related laser weaponry it sells to military customers.

Learn More

Want to keep up to
date on our latest news & insights

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.