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

[Waltzing]

EV adoption likely to struggle for the next 6 years according to CNBC interviews as supply problems of critical components strike world wide production.

Maybe this second hand junk car sales auction yard has some legs yet?

[Beagle]

EV adoption likely to struggle for the next 6 years according to CNBC interviews as supply problems of critical components strike world wide production.

Maybe this second hand junk car sales auction yard has some legs yet?

Come on mate, that's a bit harsh. Turners have been helping Kiwi's buy and sell vehicles for over 50 years. I think they're building a really good business.
Superbly managed, excellent marketing, branch network expanding, finance outlets expanding, lots to like.
PE based on last years earnings is only 10.7 ! Arguably the best value stock on the NZX with excellent growth prospects going forward.

[BlackPeter]

EV adoption likely to struggle for the next 6 years according to CNBC interviews as supply problems of critical components strike world wide production.

Maybe this second hand junk car sales auction yard has some legs yet?

I don't really think EV introduction is a problem for TRA. However it goes - there will be used cars to sell.

A bigger worry for TRA will be in my view:
- inflation: consumers having less coin to spend for the next preloved car (no matter which technology). Less coin means less margin.
- high fuel cost: consumers looking for alternative transport and having less money if they still buy the next preloved car.
- environmentally motivated transition to public transport and bicyles: great for the environment, but will hurt TRA's turnover ...

[Beagle]

I don't really think EV introduction is a problem for TRA. However it goes - there will be used cars to sell.

A bigger worry for TRA will be in my view:
- inflation: consumers having less coin to spend for the next preloved car (no matter which technology). Less coin means less margin. Less coin means they borrow more and Oxford finance makes more
- high fuel cost: consumers looking for alternative transport and having less money if they still buy the next preloved car.
- environmentally motivated transition to public transport and bicyles: great for the environment, but will hurt TRA's turnover ...

With the risks of Covid still prevalent does anyone really want to get on a bus or train and breath in others people's expelled air ?
I think you have it wrong

[couta1]

With the risks of Covid still prevalent does anyone really want to get on a bus or train and breath in others people's expelled air ?
I think you have it wrong

Yep will be on a packed ski bus 5 days a week for 6 wks this coming winter. Lol

[RTM]

With the risks of Covid still prevalent does anyone really want to get on a bus or train and breath in others people's expelled air ?
I think you have it wrong

I would rather poke myself n the eye with a blunt stick then jump on a bus in Auckland

[Ggcc]

I don't really think EV introduction is a problem for TRA. However it goes - there will be used cars to sell.

A bigger worry for TRA will be in my view:
- inflation: consumers having less coin to spend for the next preloved car (no matter which technology). Less coin means less margin.
- high fuel cost: consumers looking for alternative transport and having less money if they still buy the next preloved car.
- environmentally motivated transition to public transport and bicyles: great for the environment, but will hurt TRA's turnover ...

I believe you know that Turners does not predominantly sell cars that are expensive and that cars are a necessity to many families rather than a choice. Families generally will want two cars even if they can’t afford them. They just make it work.

[Ggcc]

With the risks of Covid still prevalent does anyone really want to get on a bus or train and breath in others people's expelled air ?
I think you have it wrong

I don’t think covid is the reason, more likely people feel they deserve and can afford their own space.

[Beagle]

I would rather poke myself n the eye with a blunt stick then jump on a bus in Auckland

Best post of the day !

[kiora]

Mean while the rest of the world carries on without wearing masks. Back to near normal in Europe & USA without masks