Recurring After-sales And Value-added ServicesThe group's after-sales maintenance, repairs, spare parts and value-added services create recurring, higher-frequency revenue and increase customer lifetime value. This installed-customer base can sustain margins and cash flow through cycles, insulating results when new-vehicle volumes are volatile.
Positive Operating And Free Cash Flow In 2025Despite reported accounting losses, positive operating and free cash flow provides a durable liquidity buffer that supports working capital, dealer inventory funding and service operations. Sustained cash conversion helps meet obligations and finance reinvestment without immediate reliance on external capital.
Scale In Premium/luxury Dealership NetworkA focus on luxury/premium brands and a sizeable dealership footprint support higher ASPs, stronger brand partnerships and potential for above-average after-sales margins. Scale and local presence deepen customer relationships and provide a structural advantage in servicing installed vehicles over time.