Profit warning issued by Turners Car Auctions
Published November 28th, 2006
The company now expects a full year profit of between $3.2 million and $3.4m.
Turners blames the slowing economy as fewer used cars are being bought and sold, particularly in the second half of this year, with trading at its lowest level in over five years.
There’s also greater competition for Japanese used cars, with Russia buying half of all cars coming up for sale.
