I think we've gone the full 12 rounds already lol
Not at all. Makes the supporters saying things are going great look like they have rose coloured glasses.
6% sales decline on how many more vehicle sales sites and based on what percentage increase in shares on issue ? When you look at the sales decline on an objective basis things are bad.
The only numbers that are growing strongly are directors fees lol
To be clear we are talking about a same stores sales decline of well over 10%. If KMD, HLG or any other retailer had of reported "strong" demand like that their SP would have been smashed. Just as well TRA have a share buy-back program going isn't it !
Bit like SUM telling us demand for units is strong eh...but because of "insert their very latest excuse" actual sales didn't happen. See a pattern here Winner ?
1.13 million used cars sold in 2018,down only 0.76% on the previous year.ie under 1%.
"The start of 2019 is looking like it will be positive for the industry."
Agreed.!
Industry down 6% .....Turners growing share could mean they are ahead.
Yesterday you told us the ports of Auckland was log- jammed and overloaded with new stock coming in from Asia and couldn't keep up with demand lol
How can 2019 be positive for the industry if they can't get stock ?
Winner, maybe, but maybe not. Maybe TRA's sales are worse than industry average as more and more people buy through Trade Me ?
Check out POA gridlock for yourself.
I just heard about it from a ship's officer trying to get his car carrier ship into POA.
Turners have been quiet clear they are sourcing more stock within NZ.
New and better located sites will mean more market share gain,together with the 120 additional finance originators added in the past 6 months, TRA finance and insurance should be "well postioned."
This strong demand for cars helping Turners share price today
A close at 240 would be a ytd high.