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  1. #2151
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    In Tauranga they are pretty well organised. Ask to test drive a car at the friendly front desk and they will bring it out the front for you or make an appointment online and it will be waiting for you.

    Lots of cars for sale in the 7-15k range.

    The sales rep suggested very little happens at the auctions and after watching a few online he's right. He was keen to negotiate and discount the car on the spot and of course sign you up for credit and insurance.

    They were much less keen to buy a car off me a few months later, offering a low ball offer. They flat out refused to put it to auction as I was heading overseas for a while. I thought that was what auctions were for! Sold it via Trademe classified, 2 weeks later for 50% more than their low ball offer.

    Seemed pretty obvious Turners are much more of a car yard with great online technology and finance and insurance arms than an auction house.

  2. #2152
    percy
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    Maybe Turners are well positioned for a new EV franchise.?
    Certainly have no trouble moving trade ins.!
    That would put a few volts into the share price.!!..lol.
    Last edited by percy; 24-04-2018 at 05:28 PM.

  3. #2153
    ShareTrader Legend Beagle's Avatar
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    Reported today that business confidence has fallen even further and plumbing new lows (against what some on here predicted would be a recovery after the initial shock of the election result).
    Consumer confidence also plumbing new lows announced last week. Key decision makers have had about 6 months to have a look at the new experiment that passes as an excuse for a left wing government and quite clearly they are very worried by some of the free radical thinking going on.
    Auckland city council approved its latest revenue raising mechanism today, (which is just a tax increase by another name)..anyone remember no new taxes in our first term?...oh yes all is forgiven because this fixes transport woes...yeah right and this is a transport levy not a tax...time for a Tui anyone ? and will proceed to waste this money on infrastructure that will make no meaningful difference and be completely redundant in 20 years time when most people will be hailing driverless cabs.

    I continue to think brand new or near new (of the type that are really fuel efficient, think hybrid, electric, plug in electric and very small cars) vehicles will outsell old clunkers for anyone that is with the confidence left to change vehicles in the first place. I'd imagine the high priced Euro dealers will be doing a real starve as business's put their capex plan's on review.
    Most worrisome is that business's surveyed most recently are really pessimistic about their own expectations in the year ahead. I expect business pessimism to remain very sticky and possibly deteriorate even further.
    http://www.sharechat.co.nz/article/4...pectationshtml
    Last edited by Beagle; 30-04-2018 at 03:04 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  4. #2154
    Speedy Az winner69's Avatar
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    Recession for sure in 2019 ......Turners do well during recessions
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #2155
    percy
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    Quote Originally Posted by winner69 View Post
    Recession for sure in 2019 ......Turners do well during recessions


    Turners have done well for 50 years,selling cars to New Zealanders.
    Today they clip the ticket with finance and insurance too.

    ps.Do you think the recessions will last more than two days.Maybe a one day recession on Monday 27th May 2019, and another on Monday the 15th of July.?

  6. #2156
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    Hi Jeremy ALD sorry to hear about your experience about not being approached on one of our sites. I can assure you this is not the standard we expect to be delivering customers. Very happy to talk further on this please call me 021722818.

    We are a still a business and culture that is in transition from Auction (wholesale focused and hands off) to Retail (helping customers) and this is something we are constantly having to work on. As part of this strategy we are actively trying to sell less vehicles through the auction channel as every car we sell to an end user customer creates the opportunity to add insurance and finance to the sale, as well as generating a better margin on the vehicle sale. Someone also mentioned that the auction cars were dotted around the yard...that doesn't make sense to me but we are certainly committing our prime real estate inside our big sheds to our retail (BuyNow) cars. Auction cars stored outside because we generate much better margins from the BuyNow cars than the auction vehicles. It also sounds like HectorPlains you might have hit the budget car auction night because they have 223 cars at Christchurch Branch over $10k. See link below to their selection of $10k + cars.

    https://www.turners.co.nz/Cars/Used-...C&pagesize=120

    A couple of other comments about EVs, our mix of stock etc.

    No doubt EVs are coming and we are certainly watching the space closely. There are around 3.7M light vehicles in NZ and even if every single new car coming into the country from tomorrow was an EV it would still take over 25 years for the change out to occur. We are currently very focused on the 20% of the 3.7M vehicles that are effectively at the end of their economic life. That is over 700,000 vehicles that are 20+years old and our immediate opportunity for selling a replacement.

    We have also recently undertaken some research which tells us that over 60% of car buyers in NZ are looking fro a vehicle less than $10k. 80% of buyers are less than $20k. I think someone referred to the mishmash of vehicles at Penrose....I would prefer to call it a wide variety of range and prices! As some of you may know around 50% the cars we sell through Turners Cars are on consignment and the other half will be vehicles we own. The consignment cars in particular don't tend to have much if any spent on refurbishment which can make presentation challenging. The cars we own we make a judgement call in regard to refurbishment and what will give us the best return. However the mix of consignment and owned cars works well from an efficient use of capital perspective.

    If anyone would like to discuss any of these points directly feel free to email me todd.hunter@turners.co.nz. (CEO for Turners Automotive Group)
    Last edited by toddhunter; 30-04-2018 at 04:49 PM.

  7. #2157
    percy
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    Quote Originally Posted by toddhunter View Post
    Hi Jeremy ALD sorry to hear about your experience and very happy to talk further on this please call me 021722818. I can assure you this is not the standard we expect to be delivering customers. We are a still a business and culture that is in transition from Auction (wholesale focused and hands off) to Retail (helping customers). We are constantly reminding our team about this. Kind regards Todd Hunter CEO Turners Automotive Group.
    Big welcome to you Todd.

  8. #2158
    ShareTrader Legend Beagle's Avatar
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    Thanks for sharing Todd and for opening the lines of communication.
    I think its truly sad that we're a nation as a whole that on average drives such old vehicles around...and some people wonder why the road toll is so high...go figure !
    That said I would be the last one advocating for even more socialist policies creating an even more Government dependent society.
    EV's are coming faster than many on here think, I reckon.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  9. #2159
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    EV 's have real limitations,charging time and range. The change over will be slow. Watch fuel cells they will be backed by oil cos and will take some of the market .

  10. #2160
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    Thanks Todd, very impressed you have taken the time to apologise and write on here. Something not many CEOs would lead by example and do!

    To be honest I don't have a lot more to say, except there were a lot of sales representatives that day which is what made it disappointing. I would say I saw at least 5 representatives who didnt appear that busy yet did not approach me, let alone say hi as I walked passed. The lady at the cafe made more of an effort to engage. She was very nice actually!

    Insofar as cars maybe just not what I was looking for but I found it hard to know where to look for cars that I was interested in and had to walk through every row in the Branch. Had someone of talked to me this could of been avoided and who knows I might of bought then and there.

    Personally I'm not a big fan of auctions. I'd rather have a set price and negotiate from there which is what I did at Honda. Good strategy to move more towards selling stuff at Retail. Look forward to going into Penrose in the future and giving it another try. Cheers Jeremy

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