How Turners is growing in a tough car market
About this episode
Todd Hunter discusses Turners' growth strategies in a challenging car market influenced by external factors.
A record quarter, then a fuel shock that changed the mood almost overnight. Turners CEO Todd Hunter explains how the US-Iran conflict and higher fuel prices have knocked consumer confidence—and what that sudden shift means for one of New Zealand’s biggest used-car businesses. Todd reveals why New Zealand’s former best-selling vehicle has become one of the hardest to sell, and how Turners is still growing group profit despite tighter margins in auto retail. Find out how Turners has evolved from its auction-house roots into a much broader used-car, finance and insurance business—and why Todd believes there’s still plenty of market share to take. We unpack the plan behind its latest public profit target, including 15 new branches, aggressive growth in the finance book, and what needs to go right to get there. Plus, Todd talks EVs, autonomous vehicles and the future of car ownership—and how Turners became an early backer of Kiwi Formula 1 driver Liam Lawson, long before he made it to the F1 grid. For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94…
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