Originally Posted by
toddhunter
Hi everyone time for me to step in again.
Not sure how this image was taken, probably not worth digging into that. This is basically a buyers guide for our car buyers and steers them on the cars to avoid (known mechanical issues...we get this data from our insurance business Autosure + experience) and who they need to get approval from internally to buy cars. Your comments are completely off the mark sashadidi. It doesn't signal anything about how tough or otherwise it is for Turners. What is does signal is that demand is shifting down the price point curve and moderating above for more expensive cars ($20k and above). Unsurprisingly used cars remain resilient but consumers have less to spend...it isn't rocket science and something we have been talking about for 18 months now. This internal document simply helps ensure we source cars where the demand in the market is and avoids the known problem cars...and we are doing this quite successfully as well.
As at the end of March the value of our inventory was down but stock units up. Mar-24 3,465 units @ average price of $7,200 (FY23 3,021 units @ average price of $8,600).