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Turners Automotive Group (ASX:TRA), a New Zealand used car retailer and finance business, has performed well despite a tough economy. In June 2025, Spheria Asset Management reported Turners' share price rose almost 8% after it delivered its full-year result at the end of May, noting the result was resilient despite a difficult macroeconomic backdrop in New Zealand. Turners Automotive Group operates in the Consumer Discretionary sector within the Specialty Retail industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Spheria Asset Management. Founded in 1984 and headquartered in Auckland, Turners operates New Zealand's largest used vehicle retailing network, along with vehicle finance, insurance and credit management businesses, combining retail sales with higher-margin financial services, and is expanding its branch network across New Zealand, with growth expected to accelerate as the New Zealand economy recovers and interest rates fall.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Spheria Asset Management have invested in Turners Automotive Group Ltd (ASX:TRA).
Spheria highlights a resilient full-year result despite a tough New Zealand economy, supporting Turners' integrated used car retail and finance model.
The available commentary does not detail specific risks, though Turners is exposed to New Zealand consumer conditions, used car prices and credit quality in its finance book.
Turners Automotive Group Ltd. is a New Zealand-based company founded in 1984, headquartered in Auckland. It operates through five business segments: Automotive Retail, Finance, Credit Management, Insurance, and Corporate. The Automotive Retail division sells motor vehicles and commercial machinery. The Finance segment provides asset-based loans to consumers and SMEs. Credit Management offers debt recovery and collection services across New Zealand and Australia. The Insurance segment manages life and consumer insurance, alongside superannuation products. The Corporate segment supports overall operations.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.