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2 Cheap Cars back in the fast lane, top half-year profit

Listed used-car dealer also upgrades full year profit guidance.

Chair Michael Stiassny has helped to turn around the company's fortunes.

Listed used-car dealer 2 Cheap Cars has reported a record half-year profit, as it prioritises margin over market share, as well as a “dramatic” turnaround strategy.  

The company’s profit in the six months ended September 30 reached a record $3.2 million, up $2.6m from the previous

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Jonathan Mitchell Wed, 15 Nov 2023
Contact the Writer: jmitchell@nbr.co.nz
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2 Cheap Cars back in the fast lane, top half-year profit
Investment,
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