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October 2018


Apollo caravans

'Very few use finance'

Would-be grey nomads
pay cash for plush RVs

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PROSPECTIVE grey nomads are shunning personal loans and forking out millions of dollars in cash for their luxury RVs, according to Apollo Tourism and Leisure.

"Very few use any form of finance," chief executive Luke Trouchet said.

During the last year, the global Brisbane-based company sold $139 million worth of RVs including caravans, motorhomes and camper trailers, and there's no sign of sales dropping.

Mr Trouchet told media that baby-boomer retirees wanting to join the current army of grey nomad were ignoring falling house prices to hit the road after finishing full-time work.

"The mindset is we've worked hard all our lives and we're going to enjoy our retirement," he said.

Apollo will soon be using Windsor and Coromal brands of caravan to help meet the demand for RVs after buying their goodwill from Perth-based Fleetwood Corporation for $1 million.

Apollo began its life in a Brisbane backyard shed when the Trouchet family began hiring out its pop-top caravan.

The business quickly mushroomed into a major player in the rental market and is now regarded as one of the largest RV operators in the world, with more than 4000 vehicles.

It has interests in New Zealand, Canada, North America, Britain and Ireland, and recently released financial results indicated continuing strong growth in RV rental and retail sales revenue.

Rental revenue soared 66 percent to $136.7 million in the last financial year while sales of new RVs skyrocketed 235.4 percent due to a 12-month contribution from Sydney RV and Kratzmann Caravans, which Apollo bought in February and June respectively last year.

Apollo also acquired WA retailer George Day Caravans and Motorhomes in August last year.


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Copyright 2005 Dennis Amor
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