Just sharing my observations - no opinion on TRA as I do not follow the company closely like Percy.
As an interested car buyer, I know my next car is going to be a bargain ex-rental ! 👍
Only a matter of time before prices rebound.
You may get a year's zero depreciation!
87% drop in April from March for registered person transactions - Trader->Public . 89% drop from January. 72% drop in total registration changes. Should pickup in May now we're back at L2?
Attachment 11587
Numbers are not surprising, given the lockdown.
Being a discretionary deferrable major purchase, it is unlikely imo that numbers are going to pick up in a big hurry until 2021 when there's more certainty about the state of the economy & jobs. It took 5 long years during the GFC for sales to return to pre-GFC levels.
Meanwhile, the sale of ex-rentals has started - just been emailed an offer for a 1 year old 2019 SUV (less than 10,000km) for 30% off the new price. Has counter-offered with 40% off - let's see what happens.
Sounds like a pretty good deal - is this from a mailing list to selected people or from a publicly accessible website?
Always put a date and time your offer expires.
Focuses the sellers attention.
Disc.I no longer hold in NZ any shares in the following sectors;Finance [including Banks],Property, Retail [including selling vehicles] , Retirement Villages,or Tourism.
I do hold shares in PGW which I classify as Rural Services,not a retailer.