Another major caravan manufacturer has gone into administration … the latest in what is a growing line of such occurrences.
Network RV – which owns Vancraft, Nextgen, and Victory brands, as well as three Fair Dinkum Caravan dealerships – reportedly left behind debts of $30 million.
News Corp reports that administrators are now looking to sell the Melbourne-based business, which has 129 completed vans and 19 more finishing production.
Across the group’s three companies, the estimated $30m shortfall includes around $10m owed to a financier, $12m to trade creditors, and $3m to the ATO. NewsCorp reports employee entitlements sit at about $1.5m, with potential redundancies threatening to add another $1m to the debt.
The caravan manufacturer had reportedly amassed significant debt. PIC: RDNE Stock
“There is strong interest in the business and we are in the midst of a marketing campaign to key players in the industry,” SV Partners administrator David Stimpson told News Corp. “I am confident such a sale will ensure a continuity in the supply of the Network, Victory, Styline and Vancraft caravan brands to dealers.”
Mr Stimpson said tough economic conditions, global unrest, and rising living costs triggered a sharp drop in demand for recreational vehicles.
He told NewsCorp that minimal customer deposits remained outstanding, meaning ‘mum and dad’ retail customers should face little to no loss.
This news comes hot on the heels of the news that another Melbourne-based Melbourne company Great Aussie Caravans, which also traded as Flexi Caravans and sold luxury vans at dealerships nationwide, has just gone into liquidation.
Another Victorian caravan maker, Sunbury-based Ourgen RV, was ordered into liquidation by the state’s Supreme Court on June 3,
Court documents revealed that the company was facing court battles over more than $200,000 owed to the Victorian WorkCover Authority.
Sadly, several other Australian caravan firms have run into trouble in recent years.
Last year, Queensland-based Zone RV went into administration, with many customers losing significant amounts of money. However, the brand – which specialises in luxury off-road caravans – was eventually bought by Essential Caravans and is still in production.
Other recent examples of RV firms going to the wall include:
While many grey nomads have reported seeing less caravans and motorhomes on the road this year, that hasn’t apparently been borne out by sales data … at least not yet.
The latest State of the Industry Report from the Caravan Industry Association of Australia (CIAA) shows RV numbers increased by 4% to approximately 937,000 vehicles in 2025, including more than 817,000 towable RVs and 119,000 motorised RVs.
Peter Clay, CIAA’s General Manager of Research and Insights, told delegates at the organisation’s recent national conference that this expanding ownership base provided a strong foundation for future demand across parks, servicing, repairs, accessories, dealerships, and tourism experiences.
However, Australian manufacturers produced 23,963 RVs during 2025, down 5% on the previous year, perhaps also reflecting growing competition from overseas manufacturers.
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