Turners Automotive Group

What Turners Automotive Group does

Turners Automotive Group Limited is a New Zealand-based, NZX/ASX-listed (ticker: TRA) integrated automotive services company formed in 2014 through the merger of Turners Auctions and Dorchester Pacific. The group operates four core divisions: Turners Auto Retail (sales of new and used cars, trucks, machinery, and damaged/end-of-life vehicles, plus a subscription service with 100+ vehicles of which 40%+ are EVs or hybrids), Oxford Finance (consumer and business lending including vehicle finance, plant and equipment loans, working capital, secured personal loans, debt consolidation, and property loans — operating in New Zealand for over 30 years), Autosure Insurance and Greenwich Life Insurance (motor vehicle and life insurance distributed through licensed car dealers, insurance advisers, and online), and EC Credit Control (debt management and recovery including Terms and Conditions documentation, invoice chasing, and PPSR security interest registration, serving 80,000+ businesses across New Zealand and Australia for over 30 years).

The underlying operating model combines transactional vehicle sales (one-time), subscription/leasing, lending interest income, recurring insurance premiums, and professional credit control fees. Distribution is multi-channel: licensed car dealers and insurance advisers for insurance products, direct-to-consumer and online channels for finance, physical branches and online for retail, and a field network across New Zealand and Australia for credit control. The September 2024 acquisition of 50% of My Auto Shop added a digital automotive retail capability to the ecosystem.

For the 12 months to 31 March 2026, Turners reported revenue of $451.2M NZD (up from $414.2M in FY25), total comprehensive income of $40.5M (up from $33.0M), and total assets of $1.07B (up from $917.8M). The company states an FY28 underlying NPBT target of $65M, with FY26 underlying NPBT exceeding $62M. Operations are headquartered in Auckland and primarily domestic-focused, with the group positioned as New Zealand's largest used car business and a multi-decade operator across finance, insurance, and credit services.

Name

Turners Automotive Group

Legal name

Turners Automotive Group

Website

https://turnersautogroup.co.nz

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Turners Automotive Group is a New Zealand-listed integrated automotive services company operating auto retail (Turners Cars, Trucks & Machinery), finance (Oxford Finance), insurance (Autosure, Greenwich Life), and credit control (EC Credit Control) divisions, serving consumers, SMEs, and fleets across NZ and Australia.

Ownership category

akta.pro rank

Product category

Diversified Automotive Services

NAICS

Automotive Equipment Rental and Leasing (5321), Passenger Car Rental (532111), Passenger Car Rental and Leasing (53211), Insurance Agencies and Brokerages (524210)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Retail-Auto Dealers & Gasoline Stations (5500)

akta.pro primary industry

Passenger Vehicle Leasing & Long-Term Rental (Cars/SUVs) (TLABAHAA)

akta.pro secondary industries

Fleet Management Services (Lifecycle, Compliance, Safety, Driver Programs) (TLABAHAJ), EV Fleet Leasing & Fleet Management (EV-Focused) (THADANAI), Garage Liability & Dealers (Auto Dealers, Repair Shops) (FSAJABAF)

Keywords

• Used vehicle retail
• Vehicle finance lending
• Motor vehicle insurance
• Debt management services
• Credit control services

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Auto Retail: Sale of vehicles including cars, trucks, machinery, and damaged/end of life vehicles. Also includes Turners Subscription service for vehicle leasing with over 100 vehicles.
2. Vehicle, Business & Personal Finance (Oxford Finance): Consumer and business lending including vehicle finance, plant and equipment loans, working capital, secured personal loans, debt consolidation, and property loans. 100% New Zealand owned and operated, lending for over 30 years.
3. Insurance (Autosure): Motor vehicle insurance and life insurance solutions distributed online, through licensed car dealers and insurance advisers under Autosure and Greenwich Life Insurance brands.
4. Credit Control (EC Credit Control): Debt management and recovery services including Terms and Conditions documentation, invoice chasing, and PPSR security interest registration. Services 80,000+ businesses in New Zealand and Australia for over 30 years.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Turners Automotive Group is a New Zealand-based integrated automotive services company operating across four divisions: Auto Retail (selling new and used cars, trucks, machinery, and managing damaged/end-of-life vehicles), Finance (vehicle, business, and personal lending through Oxford Finance), Insurance (motor vehicle and life insurance via Autosure and Greenwich Life Insurance), and Credit Control (debt management and recovery services via EC Credit Control). The group also operates Turners Subscription, a vehicle subscription service with over 100 vehicles including EVs and hybrids.

Product overview

Turners Automotive Group operates as a diversified automotive services company with four main business divisions: Turners Auto Retail (core automotive sales of cars, trucks, and machinery plus damaged/end-of-life vehicle services), Oxford Finance (vehicle, business, and personal lending), EC Credit Control (debt management and credit services), and Autosure Insurance (motor vehicle and life insurance under Autosure and Greenwich Life Insurance brands). The group also offers Turners Subscription as a vehicle subscription service for customers wanting flexible access to vehicles including EVs and hybrids. The company targets New Zealand consumers and businesses seeking integrated automotive retail, finance, insurance, and debt management services.

Differentiator

Problem solved

Functional benefit

Brands

• Oxford Finance: 100% New Zealand owned and operated loan company offering vehicle, business and personal finance solutions, lending to Kiwis for over 30 years.
• Autosure
• EC Credit Control
• Greenwich Life Insurance
• Turners Cars
• Turners Trucks & Machinery

Products and services

• Turners Auto Retail

Quantifiable outcome

• Revenue growth from $414.2 million (FY25) to $451.2 million (FY26)
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• My Auto ShopcoreStrategic or Co-development Partner · 11 September 2024Turners acquired 50% of My Auto Shop, expanding their automotive retail ecosystem and digital capabilities.
• EECA (Energy Efficiency and Conservation Authority)coreStrategic or Co-development PartnerPartnership with EECA to expand Turners' subscription EV fleet. EECA is a New Zealand government agency promoting energy efficiency and renewable energy. This partnership supports the transition of New Zealand's vehicle fleet to cleaner, lower emission vehicles.
• Insurance CompaniesminorStrategic or Co-development PartnerTurners works with vehicle vendors including insurance companies to ensure end of life vehicles are responsibly managed out of the New Zealand fleet.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Credit Corp Group: Australia and NZ-focused debt buyer and credit management services group. Direct comparable to EC Credit Control for revenue model, customer concentration, and exposure to ANZ receivables management demand.
• Eclipx Group (FleetPartners): Australia's largest fleet leasing and management company (rebranded FleetPartners). Direct comparable to Turners' subscription and fleet management activities, with overlapping corporate/government fleet customer base and EV transition roadmap.
• Heartland Group Holdings: NZ-listed consumer and asset finance specialist (vehicle, rural, reverse mortgage). Direct NZ peer to Oxford Finance, sharing the same listed-NZX regulatory and economic environment and a similar multi-product lending franchise.
• SG Fleet: Australia and NZ corporate fleet management and leasing specialist. Comparable to Turners' subscription/fleet management activities, particularly on EV transition advisory for corporates and government clients in the same regulatory region.
• Carsales.com: Australia and NZ's leading automotive marketplace platform. Comparable to Turners' automotive retail and dealer ecosystem across the Tasman, with overlapping dealer-software, finance referral and insurance adjacencies that mirror Turners' integrated model.
• Carvana: US-based pure-play online used car retailer with integrated financing. Closest Western Hemisphere analogue to Turners' used car retail + finance bundle, providing a benchmark for online used car unit economics and capital intensity.

Broad incumbents

• Auto Trader Group: UK's leading automotive marketplace with finance and insurance adjacencies. Broad incumbent comparable to the dealer-software, finance referral and insurance distribution flywheel that underpins Turners' integrated automotive ecosystem.
• Cox Automotive: Global used vehicle services group (Manheim auctions, Autotrader, Kelley Blue Book). Comparable end-of-life vehicle remarketing, dealer auction and finance services; relevant as the global blueprint for an integrated automotive services platform at much larger scale.
• Insurance Australia Group (IAG): Largest general insurer in Australia and NZ (NRMA, AMI, NZI). Comparable to Autosure/Greenwich Life on motor vehicle and life insurance underwriting, distribution economics and NZ regulatory exposure, though at materially larger scale.

Emerging players

• Splend: Australia-focused subscription and rental platform purpose-built for ride-share and EV drivers. Comparable to Turners Subscription on the recurring-revenue, EV-skewed vehicle subscription model, though concentrated in the rideshare use case.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/turners-automotive-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turners Automotive Group