News

Electric vehicles (EVs) will dominate the passenger vehicle market by 2040, according to Bloomberg New Energy Finance (BNEF). Reporting on BNEF’s prediction, Renew Energy ran a headline to focus the minds of traditional service-station owners: “Global petrol car sales may already have passed their peak as consumers eye EVs.” ‘Stark’ …

Convenience retailer OTR is extending its naming-rights deal with supercar event Supersprint in 2019. After last year’s 2018 OTR Supersprint, the retailer has signed a three-year deal to continue its sponsorship. The supercar championship event returns to Australia’s newest racetrack, The Bend Motorsport Park, from 23 to 25 August. Global …

Red Bull is giving people the chance to join the Red Bull Holden Racing Team at the Bathurst 1000. It’s supporting the offer with new Limited Edition Red Bull packs across all channels nationwide, launching in-store from June 3. ‘Join the Crew’ Red Bull is inviting fans to ‘Join the …

Research from Salmat has found that more consumers are choosing PayPal (50 per cent) over credit cards (48 per cent) for the very first time. In fact, Salmat’s research found that digital options are increasingly popular in general, which it calls “a significant shift in consumer behaviour”. Salmat’s Head of …

The 2018 AACS State of the Industry Report has been launched today. It reveals a strong growth result of 2.4 per cent in 2018, boosting the value of the convenience industry to $8.6 billion – and this is excluding petrol sales. AACS CEO Jeff Rogut puts the result down to …

Viva Energy Australia has appointed Andrew Egan as General Manager Marketing, the company has announced. Viva says the appointment signals its “renewed focus on retail customers, and in using market-driven insights to drive strong brand and value perception of the retail business in a highly competitive category”. About Andrew Mr …

Fuel prices have spiked across capital cities. Is Coles Express to blame for the latest price shock to shake Australia? One industry commentator, FUELtrac’s Geoff Trotter, seems to think so, according to a report in The New Daily. “We (FUELtrac) track price movements and almost inevitably, the price leader in …

Caltex Australia has announced its 2019 first quarter result, in conjunction with its annual general meeting. Caltex says the results are “in line” with the March update, although “down” on those of the previous corresponding period. The company says three things have affected its 1Q 2019 earnings: Lower earnings from …

AACS CEO Jeff Rogut has warned politicians that small business owners could swing the upcoming federal election. As the man at the helm of the Australasian Association of Convenience Stores (AACS), Mr Rogut is urging the coalition and Labor to take heed of the small-business and convenience vote. “Small business …

Seven individual Metro Petroleum service stations across NSW, Victoria and Queensland are heading to auction, Property Observer reports. The auction for all sites will take place at the same Sydney in-rooms event on May 16. The service stations are at the following sites: NSW: Broken Hill and Cootamundra. Victoria: Bonnie …