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Home » Repo agency margins squeezed, driving agencies out of business

Repo agency margins squeezed, driving agencies out of business

Agency volume decreased 25% to 35% since pandemic’s start

Riley WolfbauerbyRiley Wolfbauer
December 20, 2023
in Risk Management
Reading Time: 4 mins read
0
Cars parked in a lot

(Photo/Canva)

Profitability woes continue to prompt vehicle recovery agencies to shutter operations leading to longer recovery times amid rising repossession volumes.   The compensation for repossession has remained unchanged for decades, Vaughn Clemmons, president of the American Recovery Association and recovery agency Automobile Recovery Bureau, told Auto Finance News.  “We have a lot of agents that […]

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