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...

Unlock all stories free for 10 days

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

Giltrap Group founder, philanthropist Sir Colin Giltrap dies

Giltrap died last night at the age of 84.

Staff reporters 10:05am

The Quiz Free

QuiznessDesk: Thursday, April 18

Can you answer all ten questions correctly?

The Quizmaster 9:15am

Technology

AJ Hackett Bungy spins out tech startup EpicShot

EpicShot uses iPhones and specialised apps to shoot pics and film of customers.

Ben Moore 9:00am

AJ Hackett Bungy spins out tech startup EpicShot

Sponsored

Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts

Sponsored

Building confidence and capability is the key to boosting productivity

In the pack houses of Hawke’s Bay apple growers, smart cameras scan the apples looking for blemishes and grading the fruit to ensure only the best is selected for domestic and international markets.

ASB