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

[Beagle]

Every man and his dog's dealership is having a massive end of year financial sale this weekend.
Now we know this is much more than a vehicle retailer I think we can apply a different PE to the amalgam of their business units.
I think a PE of 10-11 is fair and reasonable and if they can make ~ 26 cps in FY20 that's suggests a significant recovery in the share price is possible.

[LAC]

All good thanks. I think all brands suffer from the occasional manufacturing error.

What happened? Anything electronic?

[Beagle]

What happened? Anything electronic?

Faulty head gasket...coolant got into the engine oil and caused massively accelerated wear and the engine seized at just 850 km's.

After significant pressure, (plenty of vigorous barking was required, just as well I get plenty of practice on here, lol) Holden supplied me a brand new 2019 Holden Calais V replacement car for my 2018 one and the new one comes with an extended 5 year warranty, something I insisted on. They fitted a new engine to my first car and it only took them 2 days to resell it, (Rioja Red, really metallic burgundy, Holden Calais is a popular colour).

Dealer was good and supplied a good quality loan car while this mess was cleaned up. New one seems to be running like a well oiled Swiss watch and is a good bit of kit.
I am philosophical. Shyte happens from time to time.

[Ggcc]

Faulty head gasket...coolant got into the engine oil and caused massively accelerated wear and the engine seized at just 850 km's.

After significant pressure, (plenty of vigorous barking was required, just as well I get plenty of practice on here, lol) Holden supplied me a brand new 2019 Holden Calais V replacement car for my 2018 one and the new one comes with an extended 5 year warranty, something I insisted on. They fitted a new engine to my first car and it only took them 2 days to resell it, (Rioja Red, really metallic burgundy, Holden Calais is a popular colour).

Dealer was good and supplied a good quality loan car while this mess was cleaned up. New one seems to be running like a well oiled Swiss watch and is a good bit of kit.
I am philosophical. Shyte happens from time to time.

The car My partner bought from Turners a few weeks back had a boo boo and needed a new transmission. Thank goodness it happened within a few days after the transaction took place. Turners were really good with dealing with it and so were the lease company as the bill to replace the transmission was over $13,000

[winner69]

The car My partner bought from Turners a few weeks back had a boo boo and needed a new transmission. Thank goodness it happened within a few days after the transaction took place. Turners were really good with dealing with it and so were the lease company as the bill to replace the transmission was over $13,000

Not much profit on that sale eh ...but they’ll get it all back when the clip the ticket at the end of its life

[Ggcc]

Not much profit on that sale eh

The lease company paid for it not Turners

[LAC]

Faulty head gasket...coolant got into the engine oil and caused massively accelerated wear and the engine seized at just 850 km's.

After significant pressure, (plenty of vigorous barking was required, just as well I get plenty of practice on here, lol) Holden supplied me a brand new 2019 Holden Calais V replacement car for my 2018 one and the new one comes with an extended 5 year warranty, something I insisted on. They fitted a new engine to my first car and it only took them 2 days to resell it, (Rioja Red, really metallic burgundy, Holden Calais is a popular colour).

Dealer was good and supplied a good quality loan car while this mess was cleaned up. New one seems to be running like a well oiled Swiss watch and is a good bit of kit.
I am philosophical. Shyte happens from time to time.

Whoooh pretty significant damage, it’s good that Holden sorted it out though. Yup **** happens every now n again, previous Toyota never skipped a beat for 4 years, Mercedes thereafter never skipped a beat for 9 years, then the current bmw had a mechatronics issue on 2nd day of owning it😱 like u say, **** happens

[Beagle]

Whoooh pretty significant damage, it’s good that Holden sorted it out though. Yup **** happens every now n again, previous Toyota never skipped a beat for 4 years, Mercedes thereafter never skipped a beat for 9 years, then the current bmw had a mechatronics issue on 2nd day of owning it�� like u say, **** happens

It sure does and more often than you would think...an interesting study from some years back about how often https://www.telegraph.co.uk/motoring...ty-survey.html
Turners are on to it with their Autosure warranty insurance and have been reviewing claim rates for the different marque's especially the Euro's with their "legendary" spare parts prices and I understand have been making some big changes to what they insure and the pricing.

[winner69]

The lease company paid for it not Turners

....and claimed back from Turners?

[Ggcc]

....and claimed back from Turners?

Of course I don't know the finer details, but I was made to believe that the cost was not Turners. They were surprised the lease company paid for it as well, as normally the vehicle would have been written off.