about index inclusion or 2CC being a threat to them ?
Would strengthen their supply logistics for Japanese cars their customers want,including good used EVs and Hybrids.
Keep 2CC brand for under $14,000 buyers.
Would give Turners more finance and insurance customers too.
Bit like WHS when they bought Leemings to get quality brand suppliers.
ps W69.Perhaps we better be more careful what we post.Don't want to set off the dog...lol
Too late for TRA to takeover 2CC without offering a huge premium. They had their chance and decided not to take it or could of had them supplying them hybrids and been a market leader in that category. 2CC’s supply chain would have been valuable for TRA.
That Mondiale VGP IPO if it eventuates could upset speculation around index inclusion …they apparently automatically go in
not much risk of that. 2CC has less than 1% of the market compared to Turners 9%. Plus, 2CC closed their Hawke’s bay outlet while Turners are opening more and bigger outlets. Plus, 2CC outlets are mostly small, 6 outlets, only 1 with more than 50 cars on stock. Even their EV ratio is usually similar to Turners.
ie they have little advantage and a single major owner with the float dangerously low