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No reserve sales at Turners up 33% from a year ago

No reserve sales at Turners up 33% from a year ago

Turners Car Auctions has told interest.co.nz that sales of vehicles with no reserve price rose 33% in the year to October 2008 as vendors try to sell excess stock. "An increase has gradually happened through the year, certainly since August," Turners General Manager of Sales and Marketing Todd Hunter said. "It's absolutely helped sales, as it's a great crowd drawer," he said. Hunter said that sales of vehicles with no reserve price had risen to just over 1,500 in the year to October. In an auction on December 11 at its Penrose site, ten trucks are being put up with no reserve prices, out of a total of 38 to be put to auction. "It's a customer who wants to move a large number of trucks quickly." Hunter said that Turners "was excited to be able to put 10 trucks up at no reserve, which is particularly popular with our customers." "There doesn't appear to be much gloom in the commercial vehicle market. Plenty of people realize this is a good time to be a buyer as there are a number of large vendors in the market highly motivated to sell excess stock.

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