My mistake I only counted about 40 vehicles in the photo.
Don't know where the other 30 were.
Wasn’t being sarcastic, just seemed that one sale a day wasn’t that many
Don’t know what a good stockturn is for used car yards but taking 50 to 70 days on average to move a car along seems a long time. All I know is a dealer told me a year or so ago he got a bit worried if a car didn’t sell in a month.
It only takes 30 days to sell a house in Wellington
Hi SilverBack, done a bit of googling and the average number of sales a car sales consultant does seemed to be 10 a month.
On Turners website it shows 2 people working at the Wellington car yard, according to Tod the yard sells 30 cars a month. If they indeed only employ 2 people at this branch then the sales numbers are impressive.
Wellington Turners car yard branch
Derek Barnes - Operations Manager - 0274 438 689
John Burroughs - Sales Consultant - 027 403 4621
Surely the amount of cars sold has to be linked to the price, age and make of the vechicle.Can't imagine a luxury car yard selling 30 cars a month out of a stock of 70 units!
OK ....That site looks like it is performing well.
That’s good news
Thanks for doing the hard yards Forest. Probably need to cut Todd's comment in two to get close to the reality (he runs a cars sales company after all) but seems even so to be a reasonable level of activity.
A few decades ago, I knew a guy who was used car sales manager for a franchise in the Wellington region. It was a a significant franchise. He became very depressed one year when they only sold 4 cars in a month. His worst result ever. This was in a Government induced recession. I think this acts as a lower bound. I cannot tell you how many sales staff he had.
Interesting comments re Aussie house sales declines and new car sales and car finance declines in this article.
Of course it won't happen here and won't effect TNR....... or will it?
Full Annual Report out - that will keep snoopy busy this weekend to see how much normalised profit grew by
I await Snoopy’s view on Note 32
Baker only missed 1 Board meeting this year ..much better performance by him
Lease obligations $32m ..that seems a lot but then again they are in retail
milford sold a lot of shares recently obviously into the buy back
https://www.nzx.com/announcements/336827