Wells Fargo Auto offers incentive to repo agencies
Wells Fargo Auto is offering a $500-per-vehicle incentive to repossession agencies to prioritize the recovery of their vehicles amid a ...
Tag: American Recovery Association
Repo volume remains at half of pre-pandemic levels
Despite an uptick in October 2020, repossession volume remains at about half of pre-pandemic levels, causing concerns for the health ...
Repo market could see ‘severe bottleneck’
Repossession agencies are seeing a return to about 60%-70% of pre-pandemic volumes, but are preparing for a surge in volume ...
Repo agencies unprepared for fall auto default surge
Auto repossessions are expected to surge above pre-pandemic levels as lender deferral programs begin to peter out in the coming ...
The ripple effect: Distressed repo industry threatens lender losses
Auto loan losses are poised to rise — but not because consumers are failing to make payments. The issue runs ...
Repos to ‘Explode’ as Market Increases, Experts Say
As lenders increasingly enter the subprime space, the volume of repossessions is expected to spike from current lows, according to Patrick ...
