Fantastic ,and the commentators were telling us the market was fully priced.!!!
I was conversing last week with a used vehicle salesperson who moaned about the lack of buyers. He also said the chatter around the trade is of depressed sales.
Boop boop de do
Marilyn
Extract from Turners recent market update.Quote:
Number of registered dealers up 7% to 3,500 (an increase of 37% since 2012)
•Additional supply and increased competition leading to some margin pressure
There's also a heck of a lot of unregistered dealers, people can bring up to six vehicles in from overseas per annum and resell them without an official dealer license.
The growth of Trade Me, autotrader and other digital channels is relentless. Anyone who thinks digital channels aren't impacting the traditional model is kidding themselves.
Fierce competition in all sectors,retirement,medical supplies,retail,yet those listed companies with a strong brand,good management and great service seem to be able to rise above the crowd,FPH,EBO,HBL,HLG,FRE,MFT,and RYM come to mind.
Turners with their strong brand,good vehicles,finance and insurance,plus very strong digital delivery of those services ,will see them stand out from the crowd.Real guarantees means peace of mind motoring.
Up 9 cents today to finish at $3.26.The momentum is building.
OOOOh yuck something wet and sticky has dropped on my face. Not again,Its another cliche and its all over my shirt.:p Who said piggies cant fly ehhh!
I have the total opposite experience, I just had a chat with a dealer in NZC in Penrose, they have just purchased an extra site just to hold vehicles because of the massive boom in 2nd hand car deals. The site is next door holding around another 100 vehicles which now they have a problem to get them all complied in time. I think the industry is still in boom phase, lets wait 12 months and see;)
No more red arrows in my portfolio, nice.....