They have only stopped auctions because of the lock down.
I would guess they will have no need to import Japanese cars for some time.
Consignment stock will keep them flat out,when they come out of lock down..
Assuming there are buyers. Punters will be looking carefully at discretionary purchases, especially largish capital expenses. Relative to their spending/budgets.
Carly put on the never never as well, that's only a couple of mill $AU invested, but who'd rent a car right now when you're not even allowed out to drive it, except for the groceries.
Troublesome times but you wouldn't know it from the company updates, all good, nothing to see here, she'll be right. Yeah Nah, imho.
We haven't even been in lockdown for one whole week yet and their balance date is today. Less than one week and the effect is that they were at the top end of guidance but are now just meeting guidance. Reads between the lines. Just 6 days of lockdown has made a meaningful difference. How do they go in FY21 if the lockdown ends up being for another 6 weeks ?
I'm sure I recall you saying they were well positioned a few years ago at $3.90 :p Still... I suppose that's better than saying THL were well positioned at over $6, so its all relative isn't it and to be fair I thought AIR were well positioned at around $3 last year :) They could see a big influx of campervans !
So guidance for H121 at this stage is Turners expects adverse impacts on 1H21.
Not quantifiable
Let’s see how this pans out
Should the current lock down continue for a year or two, I would expect Turners will be the last car dealer left standing before being "toasted."
Think most Mall retailers will be lucky to survive just a few months.
A lock down of under 2 or 3 months will see Turners coming out and going gangbusters.