Automotive Holdings Group Ltd (ASX: AHG) released an ASX trading update for its 2018 financial year.

Automotive Holdings Group (“AHG”) is the name behind popular transport brands like Rand and Harris Refrigerated Transport. It is also one of the country’s largest car and truck dealership owners.

In an update to the ASX this morning, AHG said automotive retail margins are challenging, and the ongoing impact of regulatory changes isn’t helping. Meanwhile, a WA recovery in private sales is slower than expected.

The result is that AHG expects to report a full-year operating profit of around $75 million.