News: ECX Eclipx Group Says Will Not Be Providing Earnings Guidance For FY20, page-13

50000 motor vehicles at an average term of 36 months meaning roughly 1400 due back each month. This isn't taking into account any early terms or distressed asset returns.

Say average asset owes $15k. Lets just say they are now worth $12k. Even if you could dispose ( and you can't ) 1400 x $3k = a drop of say $4m a month.

Reality is these numbers are BS as you couldn't sell 1400 in the current market even if you wanted to.

I would guesstimate say 500 left over from Feb + 2800 min for the last couple of months obviously less sales so probably around 3000 vehicles sitting around. I also believe that they are not dropping them at any cost in order to not crystallise losses and are holding on in hope of a more normalised market. This obviously also has cost associated with it and storage becomes an issue.

The more that build up in inventory the longer to dispose over time.

It is an unenviable position to be in. Remembering another 1400 join the queue next month. Do you just drop them or chew through them over time?

Also has operating income been effected or request ceded for deferment of payment?

I see ORIX have chosen to put vehicles into a newly created rental fleet and provide a ride share offering as well. Problem being there is scant market there either.