TRA - Turners Automotive Group

[Syd]

No..........The Div is a Good company being Prudent in uncertain times and in line with the same quarter over the last 2 years. One of the best run companies in NZ

[Basil]

No..........The Div is a Good company being Prudent in uncertain times and in line with the same quarter over the last 2 years. One of the best run companies in NZ

I agree 100% with that.

[lorraina]

https://www.rnz.co.nz/news/business/1758408/cheap-chinese-evs-could-soon-shake-up-nz-s-used-car-market-are-we-ready

[Basil]

With all due respect to the author we've had ultra cheap Chinese made ICE cars for quite some time at really low prices as little as $19,990 drive away with a 10 year warranty, see  this link https://www.trademe.co.nz/a/motors/cars/mg/mg3/listing/4561195520 so I hardly think a $32,000 drive away pricing on a very small short range Chinese EV, (less than 200km in the real world) is going to make one iota of difference.  EV's are not free to run, you have to pay to charge them up and then there's road user charges as well so I'm not sure if people would ever recover the $12,000 price difference.  Aside from that, who wants ongoing range anxiety with less than 200 km real world EV range !  Medium sized EV's with decent range are a hell of a lot more than $32,000 !    e.g. https://www.bydauto.co.nz/vehicles/atto-3-evo  $60,000 for the base model of a pretty small / medium sized EV.

[HAWKDOG]

-Electric vehicle uptake in New Zealand has surged significantly through 2026, with plug-in vehicles capturing roughly 25% to 28% of new light passenger registrations by September

-https://www.nzherald.co.nz/business/electric-vehicle-sales-hit-new-high-as-petrol-shock-continues-overall-market-booms/premium/GNPWSC7G3FA27IXUPNWT4CCQUI/

- China supplied 73% of New Zealand's fully electric vehicle (EV) imports in the year leading to June 2026, dominating the local market with affordable models.

- ANZ offers a 3 year 1% loan to purchase an EV up to 80k - what's the loan rate for ice cars?

- ANZ also offers a 3 year 1% loan for solar panel installation

EVs are cheaper to run as you don't need to service them as often, you can charge at home using the free 1 hour electric plans offered by electric companies or if you have solar panels you can charge using those and sell the rest of the power to the grid.

Charging an electric vehicle (EV) in New Zealand is roughly 70% to 80% cheaper per 100 kilometres than filling a traditional internal combustion engine (ICE) petrol car.
Per 100 Kilometres Cost Breakdown
• Electric Vehicle (Home Charging): Costs approximately $4.50 to $5.00 per 100 km (calculated at an average residential rate of ~$0.22/kWh with an efficiency of ~17–20 kWh per 100 km).
• Petrol Vehicle: Costs approximately $22.00 to $26.00+ per 100 km (calculated at an average petrol price around $2.94/litre with an efficiency of ~7.5 litres per 100 km).

I will probably buy a full electric car in the new year, likely Chinese, Just waiting to see what subsidy's Chloe rolls out when she becomes finance minister. 

[Basil]

Per 100 Kilometres Cost Breakdown
• Electric Vehicle (Home Charging): Costs approximately $4.50 to $5.00 per 100 km (calculated at an average residential rate of ~$0.22/kWh with an efficiency of ~17–20 kWh per 100 km).
• Petrol Vehicle: Costs approximately $22.00 to $26.00+ per 100 km (calculated at an average petrol price around $2.94/litre with an efficiency of ~7.5 litres per 100 km).

Adding Road user charges to the above EV cost at $7.60 per 100 km's makes the total cost per 100 km's $12.60 and that assumes you can always charge the vehicle at home which is frequently not the case requiring expensive EV chargers at 85 cents per kw/hr.
More realistically if a third of your vehicle charging is done at public chargers the average cost per 100 km's for the electricity = $9 plus RUC of $7.60 = $16.60 per 100 km's.
Many small ICE cars deliver fuel efficiency of around 5L / 100 km = about the same price to propel them with fuel as it realistically is with electrons.

But there's the significant price difference that I talked about in my previous post between EV's and ICE cars.  EV's are still priced mainly for greenies and early adopters.  It will level out in due course probably around the time Todd Hunter suggested in 2030.

[HAWKDOG]

Current National Averages
• Unleaded 91: $3.52 / L (up ~48.5c over 28 days)
• Unleaded 95: $3.71 / L
• Unleaded 98: $3.86 / L
• Diesel: $3.23 / L (up ~49.8c over 28 days)

I don't think you need to be a greenie to cringe at the pump.  This is the main driver for EVs.
Filling up a 40l small ice car is still going to cost you around $140.00 if empty. 

[Basil]

Its a game of averages Hawkdog.  If you're making a decision regarding the new vehicle what do you expect the average fuel price to be for the term of the ownership.

People paying an extra say $15,000 for a medium sized EV thinking they will recoup the difference as compared to a standard efficient hybrid vehicle based on the current extreme war time fuel prices and assuming they will always be that high might be setting themselves up for real disappointment in the future.
The ANZ loan and other cheap bank loans are only for existing home loan customers, only for 3 years and are available for both electric and hybrid vehicles.

The biggest selling vehicle in N.Z. in August was the Toyota Corolla Cross hybrid.  Super versatile, very efficient at 4.1 liters per 100 km and no B.S. EV premium pricing.  Also Toyota's stellar reputation for reliability is undisputed and they are very well supported with inexpensive servicing and readily available parts at not unreasonable prices..  Who knows how reliable some of the new Chinese EV's will be and what the support for them will be like with spare parts and service ?...its a BIG unknown.

[HAWKDOG]

I have always been a Toyota fan.  I am not a hybrid fan for the simple reason that you have to maintain 2 systems - you need to service the ice engine and you need to worry about the battery.   I have looked into the corolla cross its a great car.  Toyota is currently facing serious margin headwinds due to China taking over the car export market.

What a full electric allows is the ability to be independent from the ups and downs of fossil fuel import prices - especially on a small island country in the pacific.  And especially if you can charge at home on your own solar system.

"If you're making a decision regarding the new vehicle what do you expect the average fuel price to be for the term of the ownership." - I expect the price of solar energy to continue to fall and I expect the range of electric cars to increase.   I do not expect the price of petrol to ever be cheap in this country.
 In Canada I owned a 5.7L v8 Toyota Tundra - petrol was 1.17/litre and it got to minus 30 in the winter.  Here my longest drive is to the bach which is less than 200 km with a charging station halfway - and we get a few frosts. 

[Otago K]

...................
Its a game of averages Hawkdog.  If you're making a decision regarding the new vehicle what do you expect the average fuel price to be for the term of the ownership.

People paying an extra say $15,000 for a medium sized EV ............  Who knows how reliable some of the new Chinese EV's will be and what the support for them will be like with spare parts and service ?...its a BIG unknown.

OK for me the one that currently catches my eye would be the Forthing EV offering, though potentially the hybrid. I've got it down for a 6 month review once the ANCAP rating assessment is done and some refinements for NZ open road driving conditions are in place. Might be the time to replace my 19 year old Nissan, along with some solar at home installation. Currently Christchurch is the only SI dealer though.

[lorraina]

https://www.youtube.com/watch?v=OBDpqIhOYkE&t=1261s&pp=ygUeZWxlY3RyaWMgdmVoaWNsZXMgaW4gYXVzdHJhbGlh

[HAWKDOG]

OK for me the one that currently catches my eye would be the Forthing EV offering, though potentially the hybrid. I've got it down for a 6 month review once the ANCAP rating assessment is done and some refinements for NZ open road driving conditions are in place. Might be the time to replace my 19 year old Nissan, along with some solar at home installation. Currently Christchurch is the only SI dealer though.

You may miss your old nissan when you get in a new vehicle and get bombarded by safety shite beeping and vibrating.
I currently don't own a vehicle, I have a work vehicle - I am looking ahead to when I don't have a fuel card its going to be a shock.
Chloe should give us some good incentives for solar when's she is finance minister.