"The year ahead will be a year of consolidation for us, with so many uncertainties,'' Mr Todd said in an interview. Founded in Dunedin in 1970, MTF has 315 shareholders, of which 180 are active car dealerships, and 46 MTF franchises, which sell only financial services. Consumer sentiment was another unknown, with confidence surveys soft at present, partly because of government proposals to change numerous regulations, Mr Todd said. The MTF Finance franchise network remained the company's strongest performer, with sales up 10% during the year. "That reflects the competitive pressures of the current lending market,'' Mr Todd said.

Source: Otago Daily Times November 26, 2018 15:45 UTC