MCT Automotive Group – sale to Toyota Tsusho Corporation
Miles Advisory Partners advised the shareholders of MCT Automotive on the sale of the business to Toyota Tsusho Corporation.
Transaction Details
Sell-side advisor to the shareholders of MCT Automotive
Business Divestments
2026
Overview
- Founded in 2019, MCT quickly established itself as an innovator and leader in the used-car sector and grew into Australia’s leading online marketplace
- MCT’s model is underpinned by its proprietary innovative technology platform which controls the entire buying and selling process, and was built to be highly scalable
- The Business operates across three channels; purchasing vehicles directly from individuals, wholesale transactions with dealers, and retail sales to consumers, alongside a portfolio of brands including CarBuyersAus, BuyYourCar, and Loans4Us
- The acquisition by Toyota Tsusho, a Tokyo Stock Exchange-listed member of the Toyota Group, reflects Toyota Tsusho’s strategy to build a used car mobility value chain in the Asia-Pacific region, extending its existing auto auction and used car platform businesses in Africa and Southeast Asia into the Australian market
Industry Context
The transaction reflects the ongoing digitisation of the Australian used car market, where consumers increasingly expect an online-first purchasing experience comparable to broader e-commerce. With Australia’s high vehicle ownership rate and a used car market supported by population growth, international strategic buyers have moved to establish direct positions in the local mobility value chain, consistent with Toyota Tsusho’s broader Asia-Pacific expansion strategy.
Further information on this transaction is available at: Toyota Tsusho Press Release
