GoRV - Digital Magazine Issue #88 | Page 114

THE FRONT BOOT

TRACK TRAILER IN VOLUNTARY ADMINISTRATION

Outback HQ , the company behind Track Trailer , has gone into voluntary administration . The iconic RV manufacturer responsible for the Tvan rear-fold camper announced on June 6 that it decided to appoint voluntary administrators to “ help restructure the business and transition the business into a stronger financial position ”.
Sister company Harvey Technology has also gone into voluntary administration .
Cor Cordis , the firm appointed to handle the voluntary administration , has began “ an urgent review of Track Trailer ’ s financial position ”.
“ The Australian RV market has significantly declined over the past 12 months due to cost-ofliving pressures and its main customer group increasingly opting for overseas travel in 2024 ,” Track Trailer director Gerard Waldron said .
Mr Waldron said he had not seen worse RV market conditions in more than 25 years .
“ Despite our attempts to reduce costs in response to declining sales , the economic conditions have compelled me to appoint administrators to explore a restructure .”
Track Trailer has a 25-year history in the Australian RV industry , beginning with the launch of the Tvan , the company ’ s flagship model . In fact , earlier this year , Track Trailer had celebrated the release of the fifth-generation Tvan .
In recent years , the company had acquired other well-known offroad RV brands , including Trakmaster and Pioneer Campers .
“ For the immediate future , it is business as usual ,: Mr Waldron said . “ While the immediate future holds challenges , I believe the restructuring process will allow the business to continue growing when market conditions improve .”
Meanwhile , Track Trailer has emphasised that the company holds stock that is ready to be sold .
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