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Auction repo check-ins 14% below pandemic levels

Wells Fargo, Toyota offer repo agency incentives

Riley Wolfbauer

The number of repossessed vehicles at auction is growing but remains 14% below pre-pandemic levels as recovery agencies have become more selective in the vehicles they pick up and are prioritizing assets from lenders offering incentives.  “There’s a lot of talk in the marketplace that repos are up a lot … and that’s true, but […]

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