Some gov/bus customers have rules/policies in place to turnover vehicles every 3/4 years so extending their current leases wouldn’t be an option unless vehicle availability was an issue. For SME or small businesses I’d imagine that most are downsizing (vis restructure or implementing new vehicle policies) or de fleeting so getting them to extend their current leases would be the biggest challenge for eclipx.
News: ECX Eclipx Group Says Will Not Be Providing Earnings Guidance For FY20, page-18
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