TRA - Turners Automotive Group

[Minimoke]

I love my Hyundai Veloster! 

Mines a 1.6 turbo. Its been clocked at 220kph (not me!). With 18inch wheels and optional AWD it will get me pretty much anywhere I want to go. Hyundai certainly are jamming the features in nowadays.

[Onemootpoint]

Re. Media on flooded cars ..... and Stuff today:

https://www.stuff.co.nz/motoring/131125930/is-my-car-stuffed-what-to-do-if-your-car-has-been-flooded

[Basil]

Re. Media on flooded cars ..... and Stuff today:

https://www.stuff.co.nz/motoring/131125930/is-my-car-stuffed-what-to-do-if-your-car-has-been-flooded

Thanks for the article. I lodged a claim for Mrs B's car yesterday as the circumstances behind her driving through a huge foot deep pool of water were very different to my decision to drive through 3 rivers on Friday evening in my car.  In her case it was an involuntary thing as she came around a tight corner and came upon a huge foot deep ponding of water before she could do anything to avoid it.  As she described it to me there was no chance to avoid it or stop before hitting it and at about 50 k.p.h. she hit this huge pool of water and the car aquaplaned and water went everywhere with a high level of force.  I think its a legitimate claim.  If anything had of happened to my car, thankfully no electronic systems are spitting the dummy, (yet), it's going to have to be on me because I chose to fiord through those rivers. (Silly old dog I am, I should have known better).

All her cars electronic systems are going off and the transmission isn't working properly.
it's six years old and we were going to replace it last year anyway.  Insured value is now down to only ~ $14,000.
I hope they write it off.  Once electronic systems start giving trouble...that's a problem that usually has no end...
Anyway...I noticed something interesting in the press yesterday that Tower had about 500 motor vehicle claims lodged and had settled...wait for it and this is not a typo, 11.  Today in response to my claim i got a standard we are snowed under....type email.  Wonder how long Mrs B is going to be without her car?
The bleating has started already and I just "love" doing taxi duty for her....which got me thinking there could be record demand for Turners car subscription service while everyone tries to sort this diabolical mess out.

Huge numbers of claims being made https://www.stuff.co.nz/business/131139137/largest-insurer-expects-to-pay-383-million-in-flood-claims

[Minimoke]

Thanks for the article. I lodged a claim for Mrs B's car yesterday as the circumstances behind her driving through a huge foot deep pool of water were very different to my decision to drive through 3 rivers on Friday evening in my car.  In her case it was an involuntary thing as she came around a tight corner and came upon a huge foot deep ponding of water before she could do anything to avoid it.  As she described it to me there was no chance to avoid it or stop before hitting it and at about 50 k.p.h. she hit this huge pool of water and the car aquaplaned and water went everywhere with a high level of force.  I think its a legitimate claim.  If anything had of happened to my car, thankfully no electronic systems are spitting the dummy, (yet), it's going to have to be on me because I chose to fiord through those rivers. (Silly old dog I am, I should have known better).

All her cars electronic systems are going off and the transmission isn't working properly.
it's six years old and we were going to replace it last year anyway.  Insured value is now down to only ~ $14,000.
I hope they write it off.  Once electronic systems start giving trouble...that's a problem that usually has no end...
Anyway...I noticed something interesting in the press yesterday that Tower had about 500 motor vehicle claims lodged and had settled...wait for it and this is not a typo, 11.  Today in response to my claim i got a standard we are snowed under....type email.  Wonder how long Mrs B is going to be without her car?
The bleating has started already and I just "love" doing taxi duty for her....which got me thinking there could be record demand for Turners car subscription service while everyone tries to sort this diabolical mess out.

Huge numbers of claims being made https://www.stuff.co.nz/business/131139137/largest-insurer-expects-to-pay-383-million-in-flood-claims

Took me over 10 years to settle my Christchurch claims. Hopefuly insurers in Auckland are faster (though to be fair it was the meddling of the useless govt agency EQC that messed things up. Private insurer side was very good - when they could be)

[Basil]

10 years...jeepers I am not going last 10 days without my ears bleeding at the current rate of loud bleating from she who should be much more understanding.

[Teitei]

10 years...jeepers I am not going last 10 days without my ears bleeding at the current rate of loud bleating from she who should be much more understanding.

She who must be obeyed too? 

[Basil]

She who must be obeyed too? 

The old saying 'happy wife, happy life" springs readily to mind lol

[Playa]

10 years...jeepers I am not going last 10 days without my ears bleeding at the current rate of loud bleating from she who should be much more understanding.

I am dealing with the same issue with my partner Basil with her vehicle. I realised a top investment with great returns in peace of mind is a rental car for the Mrs.

[Basil]

Thanks Playa. It might come to that.  A reluctant acceptance seems to have come upon Mrs Beagle and the howling has stopped for now, but we will see how long that lasts.   Best wishes with getting your insurance company to play ball quickly.

I think if they write it off we might take a one month Turners car subscription while we sort out what she wants to replace it with.

[winner (n)]

Thanks Playa. It might come to that.  A reluctant acceptance seems to have come upon Mrs Beagle and the howling has stopped for now, but we will see how long that lasts.   Best wishes with getting your insurance company to play ball quickly.

I think if they write it off we might take a one month Turners car subscription while we sort out what she wants to replace it with.

Hey Basil ....hope you putting the hard word on Todd and offering your services as an 'influencer' and trying this subscription thing out

Somebody with your 'influence' could do wonders in getting some real momentum in this part of the business ....and timely to.

BASIL'S LIFE MADE EASIER AFTER AUCKLAND FLOODS WITH A SUBSCRIPTION CAR

[Basil]

LOL...I'm not even on twitter, tiktok, fake-book or instagram... Pretty sure there's people, younger, cooler and with a MUCH bigger social media following that would have more influence.

Maybe Tina drove through a big pond of water and she's the one to push the car subscription service along 

[winner (n)]

LOL...I'm not even on twitter, tiktok, fake-book or instagram... Pretty sure there's people, younger, cooler and with a MUCH bigger social media following that would have more influence.

Maybe Tina drove through a big pond of water and she's the one to push the car subscription service along 

Tell Todd to do that as an Tina ad .....such creativity should give you a sub car

[winner (n)]

All about how to win with a car sub gig

No doubt Todd doing all this plus more

https://www.bcg.com/publications/2023/the-rise-of-the-car-subscription-market

[Shareguy]

FB latest today

Turners Automotive Group (TRA) is an integrated automotive and financial services company, providing Finance, Insurance and Credit Management solutions besides the main Automotive Retailing business. TRA has a leading position in the NZ used car market, leveraging (1) its brand, which is synonymous with used car sales, (2) its nationwide scale, and (3) its marketing and digital insights. Economic headwinds are likely to provide challenges for TRA's retail and finance businesses; however, TRA is well positioned with improved diversity and business quality relative to history. Continued market share gains from additional sites and a retail optimisation strategy are key growth opportunities. TRA is trading on a 9.8% gross yield, a ~10x one-year forward PE, representing +16% upside to our blended spot valuation of NZ$3.80.

Disc. Not a holder

[Teitei]

Sp back to where it was 2 years ago.

Guess the windfall profits from inflation driven higher second hand car prices have dissipated like the morning mist?