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Repo agencies unprepared for fall auto default surge

Garret Reich by Garret Reich
July 15, 2020
in Risk Management
Reading Time: 3min read

Auto repossessions are expected to surge above pre-pandemic levels as lender deferral programs begin to peter out in the coming months, said Cox Automotive Chief Economist Jonathan Smoke in a quarterly conference call. The agencies responsible for repossessing vehicles on behalf of lenders, however, may not be primed for the upsurge of defaulted accounts. Repossession […]

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