TRA - Turners Automotive Group [previously TNR - Turners Limited]

**toddhunter** · 27-05-2020, 08:18 AM

Hi all a couple of articles that might be of interest here...highlighting a few accelerating trends in the automotive industry that were already underway but had not yet been widely adopted. Article from Google and Financial Times.

People are finding comfort in car ownership – aversion to taking public transport
People expect to find car deals – lots of searching for “is the best time to buy a car?”
People want the dealer experience closer to home – the rise of “at home” test drives and video reviews
People want online car buying and at-home delivery
Rise of alternative access models like subscription

https://www.ft.com/content/488d5886-...9-36aca26edd1d

https://www.thinkwithgoogle.com/cons...g-coronavirus/

**Balance** · 03-06-2020, 08:19 AM

https://www.scoop.co.nz/stories/BU20...ns-for-may.htm

No surprise - new vehicle registrations down 32% in May.

**Brain** · 03-06-2020, 08:32 AM

Originally Posted by Balance

https://www.scoop.co.nz/stories/BU20...ns-for-may.htm

No surprise - new vehicle registrations down 32% in May.

I am surprised that registrations only dropped by 32%.

**Balance** · 03-06-2020, 08:44 AM

Originally Posted by Brain

I am surprised that registrations only dropped by 32%.

Probably some carry over from March & April.

**Brain** · 03-06-2020, 08:51 AM

Originally Posted by Balance

Probably some carry over from March & April.

Yes probably. June’s results will be very interesting and probably underpinned by State/local body purchasing. The private sector will all be sitting on their hands waiting for discounts.

**Snoopy** · 03-06-2020, 09:33 AM

Originally Posted by Balance

https://www.scoop.co.nz/stories/BU20...ns-for-may.htm

No surprise - new vehicle registrations down 32% in May.

Interesting but Turners doesn't sell new cars. Are there any equivalent figures available for used car sales?

SNOOPY

**Balance** · 03-06-2020, 10:08 AM

Originally Posted by Snoopy

Interesting but Turners doesn't sell new cars. Are there any equivalent figures available for used car sales?

SNOOPY

Originally Posted by Baa_Baa

87% drop in April from March for registered person transactions - Trader->Public . 89% drop from January. 72% drop in total registration changes. Should pickup in May now we're back at L2?

Attachment 11587

You will have to wait for update from Baa_Baa

**Beagle** · 03-06-2020, 10:09 AM

A consumer survey that asked New Zealanders what they would be likely to do with any travel refunds offered a stark warning to the nation's optimism about a speedy recovery.
Interestingly a VERY low reading of only 3% who would put the funds toward a new or used car.
Perhaps people's spending habits have been seriously affected by Covid 19 and they may be far more reluctant to spend on vehicles ? The high percentage of people in this survey who would save the money or pay down debt offers an interesting insight into consumer psychology at present. One wonders if this isn't quite a "sticky" change ?
Are consumers finally waking up to the old adage that when the tide goes out its best not to be swimming naked ?
https://www.nzherald.co.nz/business/...ectid=12336632