Turners Automotive Group Ltd. (TRA)

Overview

Turners Automotive Group Limited operates as a dynamic entity within the automotive retail industry in New Zealand and Australia, showcasing a diversified business model that spans across auto retail, finance, credit management, and insurance sectors. The company, which underwent a rebranding from Turners Limited to Turners Automotive Group Limited in May 2017, has been steadfast in its growth and diversification since its incorporation in 1984. With its headquarters in Auckland, New Zealand, Turners has established a strong foothold in the automotive and financial service sectors, reflecting its commitment to providing a wide array of services to meet the varying needs of its customers.

Products and Services

• Auto Retail: Turners Automotive Group Limited plays a significant role in the used motor vehicles market, engaging in the purchase and remarketing of a variety of used vehicles such as cars, trucks, heavy machinery, and commercial goods. This service caters to those looking for pre-owned options with an assurance of quality and reliability.
• Finance: The company offers asset-based financial solutions tailored to consumers and Small and Medium Enterprises (SMEs). This includes a variety of financing options ranging from vehicle finance to business and personal finance, designed to meet the diverse financial needs of its clientele.
• Credit Management: Specializing in credit management and debt recovery services, this segment focuses on assisting corporate and SME sectors in managing their receivables efficiently. Through its expertise, Turners helps businesses maintain healthy cash flows by offering effective collection and credit management solutions.
• Insurance: Turners’ insurance segment is dedicated to the marketing and administration of a wide range of life and consumer insurance products. These products, which include funeral and motor vehicle insurance, are designed to provide peace of mind and financial protection to individuals against unforeseen events.
• Additional Services: Beyond its primary services, Turners Automotive Group Limited expands its portfolio through vehicle subscriptions, auctions, and operations in the property and trustee business sectors. These additional services highlight the company's versatility and adaptability to the changing market demands.