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Campervan breakdown leads to tribunal ruling in New Zealand

15.05.2026 23:01 1 min 1 source
NZ Herald ENG

US tourists Marcus Laurin and Jane Alex bought a used Toyota HiAce for $17,000 for a working holiday in New Zealand, but the vehicle became undrivable within three weeks. The Motor Vehicle Disputes Tribunal awarded them partial costs after they had to purchase a second-hand engine to get the van back on the road.

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Campervan breakdown leads to tribunal ruling in New Zealand

15.05.2026 NZ Herald ENG

🇳🇿 New Zealand — fuel prices

Updated: 06.06.2026

Diesel

$1.82 /l

NZD3.14 · €1.58/l

79 of 132

pricier than 59% of countries

Petrol

$1.89 /l

NZD3.25 · €1.64/l

100 of 133

pricier than 74% of countries

LPG

$1.09 /l

NZD1.89 · €0.95/l

33 of 48

pricier than 67% of countries

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VanSky - weather index · New Zealand

Best regions in the coming days

Auckland Region +17°·55 km/h
78
Northland Region +16°·43 km/h
75
Nelson Region +15°·32 km/h
74
Waikato Region +16°·54 km/h
73
Bay of Plenty Region +15°·66 km/h
72
Avoid now
Southland Region +12°·91 km/h
54
Gisborne District +16°·34 km/h
59

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Tourism Holdings cuts profit outlook as takeover bid emerges

Tourism Holdings (THL), a campervan rental group, has downgraded its full-year net profit forecast for FY26 to $40–43 million from $43–47 million, citing softer consumer confidence, global travel disruption, and Middle East conflict impact on vehicle sales. The company also confirmed receiving a revised non-binding takeover proposal from a consortium led by BGH Capital and the Trouchet family, which already holds 19.9% of THL shares. The indicative offer is $3.10 per share in cash, expiring on June 12 if no response. THL shares rose nearly 30% on the NZX to $2.83.

Source: RNZ ENG
NZ New Zealand

Consortium raises bid for Tourism Holdings to $3.10 per share

Private equity firm BGH Capital and the Trouchet family have increased their offer for Tourism Holdings to NZ$3.10 per share in cash. The consortium already holds nearly 20% of the multinational motorhome and tourism operator, which operates a fleet of over 8,500 vehicles. The company has meanwhile downgraded its earnings forecasts and expects to carry $70 million more debt by year-end.

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