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

[percy]

Lot of buses to catch these days .....can’t catch them all can we .....have to get on the fastest bus I reckon.

Fantastic ,and the commentators were telling us the market was fully priced.!!!

[Marilyn Munroe]

I was conversing last week with a used vehicle salesperson who moaned about the lack of buyers. He also said the chatter around the trade is of depressed sales.

Boop boop de do
Marilyn

[percy]

I was conversing last week with a used vehicle salesperson who moaned about the lack of buyers. He also said the chatter around the trade is of depressed sales.

Boop boop de do
Marilyn

Yes I would expect Turners growing retail business is affecting a lot of dealers.

[Beagle]

Number of registered dealers up 7% to 3,500 (an increase of 37% since 2012)
•Additional supply and increased competition leading to some margin pressure

Extract from Turners recent market update.
There's also a heck of a lot of unregistered dealers, people can bring up to six vehicles in from overseas per annum and resell them without an official dealer license.
The growth of Trade Me, autotrader and other digital channels is relentless. Anyone who thinks digital channels aren't impacting the traditional model is kidding themselves.

[percy]

Extract from Turners recent market update.
There's also a heck of a lot of unregistered dealers, people can bring up to six vehicles in from overseas per annum and resell them without an official dealer license.
The growth of Trade Me, autotrader and other digital channels is relentless. Anyone who thinks digital channels aren't impacting the traditional model is kidding themselves.

Fierce competition in all sectors,retirement,medical supplies,retail,yet those listed companies with a strong brand,good management and great service seem to be able to rise above the crowd,FPH,EBO,HBL,HLG,FRE,MFT,and RYM come to mind.
Turners with their strong brand,good vehicles,finance and insurance,plus very strong digital delivery of those services ,will see them stand out from the crowd.Real guarantees means peace of mind motoring.
Up 9 cents today to finish at $3.26.The momentum is building.

[Joshuatree]

OOOOh yuck something wet and sticky has dropped on my face. Not again,Its another cliche and its all over my shirt. Who said piggies cant fly ehhh!

[Snow Leopard]

Some objectivity is LONG overdue

Stop it, you're killing me !

[LAC]

I was conversing last week with a used vehicle salesperson who moaned about the lack of buyers. He also said the chatter around the trade is of depressed sales.

Boop boop de do
Marilyn

I have the total opposite experience, I just had a chat with a dealer in NZC in Penrose, they have just purchased an extra site just to hold vehicles because of the massive boom in 2nd hand car deals. The site is next door holding around another 100 vehicles which now they have a problem to get them all complied in time. I think the industry is still in boom phase, lets wait 12 months and see

[sb9]

No more red arrows in my portfolio, nice.....

[JeremyALD]

No more red arrows in my portfolio, nice.....

I could say the same if it wasn't for MPG, however I don't think that red arrow is ever going away