A lot of misery guts people out there.
The 30th September half was a mainly winter period with a 3% profit increase (taking off the property deal)
Why October (a month outside the reporting period) and a possible 5-10% downgrade had to be mentioned in this release is questionable, there are 5 more months to go in the next period.
October saw petrol prices of nearly $2.55 so people had less money to spend (and were in shock) and many cars were probably undesirable buys as well.
The weather in October was poor.
Petrol is now $2.08 in Wgtn, $1.95 in Levin
Summer is coming
The Govt enquiry in to petrol prices may also lower prices as well as the glut
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