Linkedin
Facebook
Email
more
Sydney-based car buying platform Carconnect has entered Voluntary Administration, appointing Jonathon Colbran and Brett Lord from RSM Australia Partners as Joint and Several Voluntary Administrators on 26 February 2026.
Founded in the early 2000s, Carconnect was one of the first online platforms in the Australian market connecting consumers with dealers. It sought to simplify and tailor the car buying experience.
The administrators have now paused all business activity and intend to shortly commence the process of seeking a buyer for the online business.
RSM Australia Partner Jonathon Colbran said, “There is inherent value in the business via its unique platform delivery, customer database and dealer network. We believe these will be attractive to the market and we intend to undertake a sale of business process.
“Our priority is to facilitate the best outcome for all stakeholders which involves realising the maximum return for Carconnect’s valuable intellectual property. Any interested parties are encouraged to contact our office to register their interest in the sale process.”
Mr Colbran said administrators were currently in the process of communicating with both customers and dealers.
“We fully appreciate that there will be impacts in the short term for people who have not yet taken delivery of their vehicles and for dealers who have not yet been paid. We will be working through these circumstances as a matter of urgency and hope to achieve a positive resolution.”
Mr Colbran encouraged Carconnect customers who had paid deposits using credit cards to immediately discuss their situation with their bank or financial institution to assess their options, as they may be eligible for a chargeback.
“We understand this will be very disappointing news, but we wanted to inform customers and stakeholders as soon as possible."
The Administrators will be writing to creditors and stakeholders this week to advise them of their appointment and the date of first creditors meeting, to be held on 10 March 2026.
RSM Australia has established dedicated contact points for all stakeholders. Interested parties who require further information can contact administrators on (03) 9286 8202 or email:
• Creditors: Creditors.CarConnect@rsm.com.au
• Dealerships: Dealerships.CarConnect@rsm.com.au
• Employees: Employees.CarConnect@rsm.com.au
• Customers: Customers.CarConnect@rsm.com.au
For any media enquiries, please contact:
Lisa Nixon
Managing Director
BBS Communications Group
Lnixon@bbscommunictions.com.au
Ph: 0411 557 434
Jess Whitby
Senior Account Manager
BBS Communication Group
jwhitby@bbscommunications.com.au
Ph: 0434 787 986
