Turners sees opportunity as smaller dealers exit market

Wed, 27 Nov 2019

Turners Automotive Group said small car dealers quitting the industry is an opportunity for the firm, which grabbed more market share in the half-year September. The integrated car dealer, financier and insurer reported a 19 percent drop in profit to $10.3 million in the six months ended Sept. 30, although the year-earlier period included a $3.5 million gain on a property sale. Revenue increased 1 percent to $170.7 million, with sales by its auto retail division up 4 percent at $115.9 million. “Our largest segment, auto retail, outperf...

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