The Australian Competition and Consumer Commission (ACCC) has granted approval for Peter Warren Automotive Holdings Limited to acquire Wakeling Automotive Group's new car dealerships, but with specific conditions aimed at preserving competition in the Macarthur region of Sydney.

Both companies operate new car dealerships in the suburbs of Campbelltown, Narellan, and Smeaton Grange. The ACCC expressed concerns that the acquisition could significantly reduce competition in the supply of new cars, servicing, and repairs in the area.

To mitigate these concerns, Peter Warren has agreed to divest eight dealership sites located in Campbelltown and Smeaton Grange, which represent various automotive brands including Kia, GMSV, RAM, Isuzu UTE, GAC, Volkswagen, and Suzuki.

ACCC Commissioner Dr. Philip Williams noted that without these conditions, Peter Warren would control 25 out of 34 new car dealerships in the region, which could lead to a substantial lessening of competition.

Under the new merger regime effective from January 2026, the ACCC can approve acquisitions with conditions if the parties involved can take actions to address competition concerns. Peter Warren's acquisition was initially notified to the ACCC on March 5, 2026, and underwent a Phase 2 review before the conditions were set.