there are about 13.3 mill registered cars in aus.
let say half of those are privately registered. 6.65mill that could be listed on dmcr.
1% = 66500 cars listed.
if each car is listed for 6mths a year = 33250
if they 50% are hired at any one time = 16625
a quick glance at dmcr tells me the lowest hire price is about $20 per day
so turn over would be 16625x20x365= $121mill. At 20% to dmcr
revenue of $24mill.
add that to Caramavan revenue and we've got revenue from these to sites of $26mill per year.
Doesn't look bad for a company with a mc of just over 5mill.
just had had a look at carsguide.com.au. Today there are almost 13k used cars listed for private sale. On cars guide there are 80.5k used car for private sale. As such I would suggest that having 16k cars listed on dmcr is very achievable.
QNA Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
