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

[percy]

From Autotalk.
Despite the challenges of fewer selling days due to public holidays and school breaks, the surge in registrations of imported used passenger vehicles by 10% in April 2024, reaching 8731 units, is a significant trend to note.

This figure marks a notable increase from the 7939 units registered in April 2023.
Positive for TRA and 2CC.

[Sideshow Bob]

From Autotalk.
Despite the challenges of fewer selling days due to public holidays and school breaks, the surge in registrations of imported used passenger vehicles by 10% in April 2024, reaching 8731 units, is a significant trend to note.

This figure marks a notable increase from the 7939 units registered in April 2023.
Positive for TRA and 2CC.

Thanks Percy.

Would be interesting to know relative market shares. Would think TRA at least holding their own....beep beep

[percy]

Thanks Percy.

Would be interesting to know relative market shares. Would think TRA at least holding their own....beep beep

The way Turners trade I would expect they are still gaining market share.

[RTM]

From Autotalk.
Despite the challenges of fewer selling days due to public holidays and school breaks, the surge in registrations of imported used passenger vehicles by 10% in April 2024, reaching 8731 units, is a significant trend to note.

This figure marks a notable increase from the 7939 units registered in April 2023.
Positive for TRA and 2CC.

I thought most of Turners sales were drawn from NZ stock....not imported ?

[percy]

I thought most of Turners sales were drawn from NZ stock....not imported ?

Correct,therefore it must be 2CC selling all the extra used imports.?

[ronaldson]

I haven't returned to this stock following divesting in conjunction with the index inclusion. Still watching to try to understand an appropriate price point.

Agree with the post (#8393) on the previous page that the yield displayed (by Jarden anyway) is overstated for reason outlined.

[Ggcc]

The way Turners trade I would expect they are still gaining market share.

Hence why I can see a bounce coming at some stage. I feel people are starting to undervalue TRA.

[bull....]

The way Turners trade I would expect they are still gaining market share.

yep you can gain market share even in a slowdown

[percy]

yep you can gain market share even in a slowdown

"When the going gets tough, the tough get going "

[Ggcc]

"When the going gets tough, the tough get going "

A bigger local dealership has closed down in the Bay. The times are tough and a local guy who manages a dealership already said 2024 was going to be a tough year for all people in car sales. In these sorts of moments Turners can benefit, as most cars left behind may go through them.
https://cdn.hbapp.co.nz/news/news/li...s-close-to-12m