EV adoption likely to struggle for the next 6 years according to CNBC interviews as supply problems of critical components strike world wide production.
Maybe this second hand junk car sales auction yard has some legs yet?
EV adoption likely to struggle for the next 6 years according to CNBC interviews as supply problems of critical components strike world wide production.
Maybe this second hand junk car sales auction yard has some legs yet?
Come on mate, that's a bit harsh. Turners have been helping Kiwi's buy and sell vehicles for over 50 years. I think they're building a really good business.
Superbly managed, excellent marketing, branch network expanding, finance outlets expanding, lots to like.
PE based on last years earnings is only 10.7 ! Arguably the best value stock on the NZX with excellent growth prospects going forward.
I don't really think EV introduction is a problem for TRA. However it goes - there will be used cars to sell.
A bigger worry for TRA will be in my view:
- inflation: consumers having less coin to spend for the next preloved car (no matter which technology). Less coin means less margin.
- high fuel cost: consumers looking for alternative transport and having less money if they still buy the next preloved car.
- environmentally motivated transition to public transport and bicyles: great for the environment, but will hurt TRA's turnover ...
Mean while the rest of the world carries on without wearing masks. Back to near normal in Europe & USA without masks