A record quarter, then a fuel shock that changed the mood almost overnight.

Turners CEO Todd Hunter explains how the US-Iran conflict and higher fuel prices have knocked consumer confidence—and what that sudden shift means for one of New Zealand’s biggest used-car businesses.

Todd reveals why New Zealand’s former best-selling vehicle has become one of the hardest to sell, and how Turners is still growing group profit despite tighter margins in auto retail.

Find out how Turners has evolved from its auction-house roots into a much broader used-car, finance and insurance business—and why Todd believes there’s still plenty of market share to take. We unpack the plan behind its latest public profit target, including 15 new branches, aggressive growth in the finance book, and what needs to go right to get there.

Plus, Todd talks EVs, autonomous vehicles and the future of car ownership—and how Turners became an early backer of Kiwi Formula 1 driver Liam Lawson, long before he made it to the F1 grid.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

A record quarter, then a fuel shock that changed the mood almost overnight.
Turners CEO Todd Hunter explains how the US-Iran conflict and higher fuel prices have knocked consumer confidence&mdash;and what that sudden shift means for one of New Zealand&rsquo;s biggest used-car businesses.
Todd reveals why New Zealand&rsquo;s former best-selling vehicle has become one of the hardest to sell, and how Turners is still growing group profit despite tighter margins in auto retail.
Find out how Turners has evolved from its auction-house roots into a much broader used-car, finance and insurance business&mdash;and why Todd believes there&rsquo;s still plenty of market share to take. We unpack the plan behind its latest public profit target, including 15 new branches, aggressive growth in the finance book, and what needs to go right to get there.
Plus, Todd talks EVs, autonomous vehicles and the future of car ownership&mdash;and how Turners became an early backer of Kiwi Formula 1 driver Liam Lawson, long before he made it to the F1 grid.
For more places to follow Shared Lunch&mdash;check out <a href="http://linktr.ee/sharedlunch">http://linktr.ee/sharedlunch</a>
Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it&rsquo;s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions&mdash;including a Target Market Determination and IDPS Guide for Sharesies Australian customers&mdash;can be found on our relevant Australian or NZ website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

A conversation with experts, CEOs, and you. We talk to company leaders and industry experts every week. Listen or watch over lunch or whenever for what’s happening in the economy, the markets, and the companies you invest in.

Investing involves risk. This channel is brought to you by Sharesies Limited (NZ) in New Zealand. Information provided is general advice only and current at the time and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the product disclosure documents available from the product issuer before making a financial decision. Our disclosure documents, can be found on our website.

If you require financial advice, you should seek advice from a qualified financial advisor. The views expressed by individuals are their own and Sharesies does not endorse any of the guests or the views they hold.

A conversation with experts, CEOs, and you. We talk to company leaders and industry experts every week. Listen or watch over lunch or whenever for what&rsquo;s happening in the economy, the markets, and the companies you invest in.
Investing involves risk. This channel is brought to you by Sharesies Limited (NZ) in New Zealand. Information provided is general advice only and current at the time and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the product disclosure documents available from the product issuer before making a financial decision. Our disclosure documents, can be found on our website.
If you require financial advice, you should seek advice from a qualified financial advisor. The views expressed by individuals are their own and Sharesies does not endorse any of the guests or the views they hold.

Shared Lunch

How Turners is growing in a tough car market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1a738ef8-7a77-4cd2-a306-b4c000a1a3f4/transcript