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Recovery pickup time slows as repo volumes surge

Recoveries totaled 391K in the first two months of 2023, outpacing pre-pandemic volumes

Amanda Harris

Vehicles marked for repossession are taking longer to pick up due to a jump in volume and a bottleneck caused by a post-pandemic drop in the number of available agencies alongside more selective recovery practices.   “The volume has increased tremendously, but across the country our agents are becoming savvy … on what [jobs] we […]

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