Review australia CAR (Carsales Ltd) and ASG (Autosports Group)s annual reports, articles in the financial press and other sources of information. Write a short response to each item below to build background knowledge of each company and their industry.

(a) Describe the operating activities of each company noting similarities and differences between CAR (Carsales Ltd) and ASG (Autosports Group).

(b) Identify two common economy wide factors and two common industry factors that could impact on the financial performance and position of two companies. Also identify two specific factors which could impact the financial performance and position of CAR (Carsales Ltd) and ASG (Autosports Group), respectively. (In total, you should identify and analyse, at least, eight factors.)