Online car buying platform Carconnect collapses into voluntary administration

Sydney based online car buying platform Carconnect has entered voluntary administration, with Jonathon Colbran and Brett Lord of RSM Australia appointed as administrators on 26 February 2026.

Founded in the early 2000s, Carconnect was among the first Australian digital marketplaces to connect consumers directly with motor vehicle dealers, positioning itself as a simplified and tailored alternative to the traditional showroom experience. The platform built a customer database and dealer network designed to streamline vehicle sourcing, pricing and delivery.

The administrators have paused all trading activity and are preparing to launch a sale process for the business and its assets. Colbran said there is “inherent value in the business via its unique platform delivery, customer database and dealer network,” adding that RSM intends to undertake a formal sale of business process aimed at maximising returns from the company’s intellectual property.

In the interim, the administrators are communicating with customers and dealers affected by the shutdown. Colbran acknowledged short-term disruption for customers who have paid deposits but not yet taken delivery of vehicles, and for dealers awaiting payment, stating that the administrators are working through those issues as a matter of urgency. He also urged customers who paid deposits by credit card to contact their financial institutions promptly to assess potential chargeback rights.