MTF lifts full-year sales, underlying profit falls as market share slips

Fri, 18 Nov 2016

By Jonathan Underhill Nov. 18 (BusinessDesk) - Motor Trade Finance says it will attempt to woo auto dealerships with new technology and non-recourse loan products such as it arranged with Turners after acknowledging a loss of market share in its latest year and a 2.3 percent decline in profit. Based on registrations on the government's PPSR registry, MTF's market share fell to 11.6 percent from 11.9 percent as at Sept. 30, 2015. MTF has two business streams, its network franchise started in 2007 and finance company for auto dealerships is...

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