Seem to have weathered Covid situation reasonably well going by their update...
• Turners confirms that under Level 2 operating conditions it will be fully open for customers to visit its retail sites. Consistent with Ministry of Health guidelines, all sites will operate with prudent distancing and other health precautions to ensure the safety of both staff and customers. Naturally, the large scale of our sites makes these measures easier to follow than most retail operations. • Although there were heavy restrictions during Level 4 lockdown Turners were able to sell several hundred vehicles online to essential workers and several hundred more in Level 3 which have all now been delivered. The ability to sell uninspected vehicles online at scale for the first time demonstrates the high trust and awareness of the Turners brand. This was recently recognised through receiving the 2020 Readers Digest Trusted Brand Award as New Zealand’s most trusted used car dealer. All automotive auctions have also been running successfully online over the Level 3 lockdown period. • All of our businesses have experienced substantial drops in sales during the lockdown, however trading results now completed for the April month reflect trading at levels significantly better than our initial projections made at the commencement of Level 4 lock-down, with three of our four businesses (Oxford Finance, Autosure Insurance and EC Credit Control) trading in profit.
Doubt it as they are sourcing very little from Japan.
Sourcing most stock with in NZ.
Doubt they will have room for all the consignment stock they are being offered.
Expect consignment stock will go from 50% to well over 60%.Maybe even higher in the next few months.70% perhaps.?
Drove by their yard in Mt Wellington today on the way to Sylvia Park - chock full of cars and interesting to observe, many cars with no registration plates so must be Jap imports.
Also drove by Grande Motors by Sylvia Park - never seen so many cars EVER in that huge yard.
And all this before the tsunami of ex-rentals hit the market - been told to expect it in June/July as negotiations are taking place between the rental firms and new car companies to vary the term of their new car supply contract (ie. rental firms are not allowed to sell until the cars are at least 2 years old and mileage done must be at least xx kms).
Drove by their yard in Mt Wellington today on the way to Sylvia Park - chock full of cars and interesting to observe, many cars with no registration plates so must be Jap imports.
Also drove by Grande Motors by Sylvia Park - never seen so many cars EVER in that huge yard.
And all this before the tsunami of ex-rentals hit the market - been told to expect it in June/July as negotiations are taking place between the rental firms and new car companies to vary the term of their new car supply contract (ie. rental firms are not allowed to sell until the cars are at least 2 years old and mileage done must be at least xx kms).
Certainly will be.....
Previously Turners sold 1 car every 6 minutes,which equated to over 100 cars per day.
Wonder whether they will get up to 200 plus cars per day.?
Imports.Less than 10% of Turners volume comes from imports.
Drove by their yard in Mt Wellington today on the way to Sylvia Park - chock full of cars and interesting to observe, many cars with no registration plates so must be Jap imports.
Also drove by Grande Motors by Sylvia Park - never seen so many cars EVER in that huge yard.
And all this before the tsunami of ex-rentals hit the market - been told to expect it in June/July as negotiations are taking place between the rental firms and new car companies to vary the term of their new car supply contract (ie. rental firms are not allowed to sell until the cars are at least 2 years old and mileage done must be at least xx kms).
sheesh... if gone to Spooky Park via Penrose Road, you could asked Todd or Aaron for a briefing.
Originally Posted by winner69
Reply With Quote
Bookmarks