Right thread this time
I got an email the other day that AutoSelect is closing their Auckland and CH CH yards and Fleet partners, owners of AutoSelect, will send their ex-lease cars to Turners to sell - should be a boost for them
Right thread this time
I got an email the other day that AutoSelect is closing their Auckland and CH CH yards and Fleet partners, owners of AutoSelect, will send their ex-lease cars to Turners to sell - should be a boost for them
LOL nice one mate...just for you seeing as Turners is a vehicle business https://www.bing.com/videos/search?q...B952&FORM=VIRE
In this day and age maybe we're both wrong and this "electrifies" Turners performance ;)
Trade Me: Median price for used cars spikes $3500 in two years
https://www.nzherald.co.nz/business/...3DFAVJ7CJFK2Q/
Nice money if you're selling...since when do used cars appreciate in value? Now they do!
Turners clipping the ticket on both transactions, plus there's at least a 6 cent quarterly div arising shortly. Go Turners!
Turners were also interviewed on Radio NZ this afternoon regarding the increase in second hand car prices. Good exposure as the spokespeople for the second hand car trade.
It is easier to get the required mark up on higher price vehicles than lower prices. Higher prices also equal higher loans which is another key part of the business
Results out from WHS and HLG this week, (in particular recent trading), show the lockdown effects on business at the moment are very real and they hurt. Last year they paid 20 cents in total, (from memory), so even if they maintained that run rate with the pending quarterly dividend at 5 cents in my opinion that would be an outstanding result in the circumstances.
On the subject of liking one's own car...sometimes the fine art of contentment is a difficult art to master but its much easier when the value is going up :t_up: