Used to be very good mates with the accountant for Henderson Rental cars and what he kept telling me is that rental car firms must buy well, rent well, maintain well and re-sell well.
If any one part of the 4 main legs of that models fails the business becomes like a 3 legged chair...very unstable.
We're discussed the economics of ownership before and unless one is intending to get a really substantial amount of use from their camper its better to rent.
CEO of Riviera N.Z. told me that since the GFC people are far more careful with their money now in terms of where they tie up their capital. The typical camper buyer is probably a baby boomer who is concerned whether they have enough to retire on and putting ~ $100K into a good used camper isn't an especially good idea for most.
I think the used campervan problem will persist for the foreseeable future. THL's implied claim this problem is fixable in the near term lacks credibility in my opinion.
More likely they will have to substantially alter their business model and keep campervans in work much longer. Hope they have lots of good mechanics.
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