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Turners announces record-breaking half-year profit, cites changing market

Author
Newstalk ZB,
Publish Date
Wed, 22 Nov 2023, 7:26PM
RNZ / Nate McKinnon
RNZ / Nate McKinnon

Turners announces record-breaking half-year profit, cites changing market

Author
Newstalk ZB,
Publish Date
Wed, 22 Nov 2023, 7:26PM

Used car distributor Turners Automotive has gone from strength to strength in recent months.

The company saw revenue increase 16 percent to $213.9 million, while its after-tax profit rose by 8 percent.

Chief Executive Todd Hunter says the combination of a shifting market and a successful ad campaign is helping the company sell more cars.

"It's the Tina effect, it's been very good for our lead generation. We're buying a lot more cars off people, we've opened more branches so we're in more places, it's a combination."

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