1 00:00:00,000 --> 00:00:02,320 Speaker 1: And if you're looking for positive business news, Turners can help. 2 00:00:03,080 --> 00:00:05,720 Speaker 1: Andrew alluded to check their record twenty one point nine 3 00:00:05,760 --> 00:00:07,920 Speaker 1: million dollar profit. It's up thirteen percent. This is for 4 00:00:07,960 --> 00:00:10,119 Speaker 1: the six months two September. Surely there's more to it 5 00:00:10,160 --> 00:00:13,280 Speaker 1: than just Tina. Todd Hunter is the CEO and is 6 00:00:13,320 --> 00:00:16,680 Speaker 1: with us. Morning Todd, Good morning Mike. Is this your 7 00:00:16,840 --> 00:00:19,640 Speaker 1: story or is it the broader industry story? In other words, 8 00:00:19,680 --> 00:00:22,639 Speaker 1: if you're in finance and cars, everyone's doing well. 9 00:00:23,400 --> 00:00:25,360 Speaker 2: No, I would not say that. I would say this 10 00:00:25,440 --> 00:00:29,280 Speaker 2: is a Turner's story very much. Yeah. I think three 11 00:00:29,280 --> 00:00:32,479 Speaker 2: of our largest divisions are focused on the auto market 12 00:00:32,479 --> 00:00:34,920 Speaker 2: and have done very well. And I'm looking forward to 13 00:00:34,960 --> 00:00:38,000 Speaker 2: seeing what this team can do in better economic conditions. 14 00:00:38,280 --> 00:00:41,080 Speaker 1: Went do you think there are better economic conditions coming? 15 00:00:41,080 --> 00:00:43,879 Speaker 1: Are you one of those who is bullsh Yeah? 16 00:00:43,960 --> 00:00:46,720 Speaker 2: I'm positive about the outlaw coming. Is a question around 17 00:00:46,760 --> 00:00:49,120 Speaker 2: the speed of their recovery, but it's going to happen, 18 00:00:49,159 --> 00:00:49,560 Speaker 2: for sure. 19 00:00:49,800 --> 00:00:52,280 Speaker 1: The advertising for Tina two point are you spent a 20 00:00:52,280 --> 00:00:54,960 Speaker 1: lot on in advertising? Does that tell us that advertising 21 00:00:55,000 --> 00:00:57,120 Speaker 1: works or is there just something magical about Tina? 22 00:00:58,520 --> 00:01:01,800 Speaker 2: Oh? Advertising works for sure. There's a real brand story 23 00:01:01,840 --> 00:01:07,600 Speaker 2: around Tina. She's resonated beyond our wild the streams. So 24 00:01:07,720 --> 00:01:09,559 Speaker 2: there's a little bit of magic in there. But for sure, 25 00:01:09,600 --> 00:01:11,840 Speaker 2: if you spend in the right areas and do the 26 00:01:11,920 --> 00:01:13,600 Speaker 2: right things, you can get you can get a return 27 00:01:13,640 --> 00:01:13,840 Speaker 2: from that. 28 00:01:14,000 --> 00:01:17,280 Speaker 1: Absolutely, finance is your biggest growth engine. So what does 29 00:01:17,280 --> 00:01:20,160 Speaker 1: that tell me about financing stuff? Are people bullish to borrow? 30 00:01:20,280 --> 00:01:21,000 Speaker 1: Is that the story? 31 00:01:21,760 --> 00:01:23,720 Speaker 2: You know? I wouldn't say that. I would say we've 32 00:01:23,800 --> 00:01:26,640 Speaker 2: taken a good chunk of market share, which is which 33 00:01:26,720 --> 00:01:32,080 Speaker 2: is really driven the growth in our finance division. So yeah, 34 00:01:32,080 --> 00:01:34,200 Speaker 2: again we're just looking forward to when the economy is 35 00:01:34,240 --> 00:01:36,280 Speaker 2: really starting to harm and what that business can do 36 00:01:36,360 --> 00:01:38,520 Speaker 2: because there is so much opportunity ahead of us. 37 00:01:38,560 --> 00:01:40,720 Speaker 1: And what are you doing on cars? Are people buying 38 00:01:40,840 --> 00:01:43,400 Speaker 1: more cars or better cars or they're just buying the 39 00:01:43,440 --> 00:01:45,200 Speaker 1: cars they have to buy and they happen to be 40 00:01:45,280 --> 00:01:45,720 Speaker 1: from you. 41 00:01:46,959 --> 00:01:48,960 Speaker 2: That is the great thing about the used car market. 42 00:01:49,320 --> 00:01:52,840 Speaker 2: People people need to buy cars because they break down, 43 00:01:52,880 --> 00:01:55,520 Speaker 2: their circumstances change, they need a bigger one, a smaller one, 44 00:01:55,600 --> 00:01:57,680 Speaker 2: whatever it might be. I mean, that market is just 45 00:01:57,720 --> 00:02:02,120 Speaker 2: so resilient. And yeah, we've obviously got a strong place 46 00:02:02,160 --> 00:02:07,080 Speaker 2: in that market and plenty of opportunities still left for us. 47 00:02:07,080 --> 00:02:09,359 Speaker 1: That importantly be moved by the government this week. I'm 48 00:02:09,360 --> 00:02:11,639 Speaker 1: assuming that affects you. Is it the right move from 49 00:02:11,680 --> 00:02:12,160 Speaker 1: the government. 50 00:02:12,840 --> 00:02:16,320 Speaker 2: Absolutely, yeah, it's the right move. It's the right move 51 00:02:18,000 --> 00:02:20,720 Speaker 2: to help improve the quality of the fleet. You've never 52 00:02:20,760 --> 00:02:22,840 Speaker 2: seen it age quicker than it has in the last 53 00:02:22,880 --> 00:02:25,959 Speaker 2: sort of three or four years, that with those regulations 54 00:02:26,000 --> 00:02:30,040 Speaker 2: in place. So why wouldn't it make sense to replace 55 00:02:30,080 --> 00:02:32,800 Speaker 2: a twenty three year old car with a ten year 56 00:02:32,840 --> 00:02:34,600 Speaker 2: old car. I mean the emissions on those cars are 57 00:02:34,600 --> 00:02:36,880 Speaker 2: going to be significantly less, so it is a good. 58 00:02:36,720 --> 00:02:39,880 Speaker 1: Thing, indeed, but they're replacing it with What does it 59 00:02:39,919 --> 00:02:41,920 Speaker 1: matter to you with what they replace it with? 60 00:02:42,880 --> 00:02:45,960 Speaker 2: No, it doesn't. We I mean more transactions in the 61 00:02:46,000 --> 00:02:48,600 Speaker 2: market are good for our business, whether it's the twenty 62 00:02:48,680 --> 00:02:51,160 Speaker 2: three year old car leaving the fleet or the or 63 00:02:51,160 --> 00:02:55,000 Speaker 2: the new car being brought that that those increase in 64 00:02:55,080 --> 00:02:56,880 Speaker 2: transactions is very good for us. 65 00:02:57,040 --> 00:02:58,360 Speaker 1: Are you on the up and up? Do I have 66 00:02:58,400 --> 00:03:00,920 Speaker 1: to get your back every quarter with another records that 67 00:03:00,960 --> 00:03:01,840 Speaker 1: we were heading Todd? 68 00:03:02,880 --> 00:03:05,919 Speaker 2: Yeah? Well, look, I mean this business has performed exceptionally 69 00:03:05,960 --> 00:03:09,040 Speaker 2: well for more than a decade now. We've grown profits, 70 00:03:09,080 --> 00:03:12,960 Speaker 2: grown dividends. So yeah, we still feel like there's a 71 00:03:13,040 --> 00:03:16,960 Speaker 2: significant trajectory head for us. So I'd love to come back, 72 00:03:17,000 --> 00:03:19,800 Speaker 2: Mike and keep talking to you about Turner's's my favorite subject. 73 00:03:21,040 --> 00:03:23,720 Speaker 1: Only have a good weekend. Tod Hunt, who's the CEO 74 00:03:23,960 --> 00:03:30,240 Speaker 1: of Turner's Automotive revenue plus five EBITs, plus ten profit 75 00:03:30,320 --> 00:03:32,200 Speaker 1: plus thirteen as I said, so it's all a good 76 00:03:32,200 --> 00:03:34,600 Speaker 1: news story and good on them. For more from the 77 00:03:34,639 --> 00:03:37,720 Speaker 1: Mic Asking Breakfast, listen live to news talks that'd be 78 00:03:37,840 --> 00:03:41,520 Speaker 1: from six am weekdays, or follow the podcast on iHeartRadio.