Quote Originally Posted by Drew95 View Post
Just a bit of anecdotal evidence. I just bought a campervan, and there were hundreds to choose from. I ended up buying a (non-ex-rental) with 40,000km on the dial for $76,000. The new equivalent is $155,000. I went to one rental company, who were trying to sell off very similar, but much lower spec'd vans, with 200,000km on the dial for $90,000. And they had 60 to choose from. That was one rental co. And down the road were several more. My impression after doing about a year of research was that the market was flooded, and prices would need to come down simply because of supply and demand.
As confirmation of my own, and others, suspicions....from Appollo's (downwards) earnings guidance dated 29 May 2019. https://wcsecure.weblink.com.au/pdf/ATL/02109851.pdf

"As sales volumes in May 2019 trended below our earlier expectations, the Group decided to accelerate ex-rental sales at a higher discount in the USA, which will have the benefit of reducing funds employed and holding costs." (bold, italics are mine).

Price dropped from 65c to 39c. 3 Directors buy 1 million + shares around 40c.

https://apollotourism.com/shareholde...announcements/