Lenders face steeper deficiency balances as repo levels climb
With auto repossessions nearing a record 2 million units this year, the influx of vehicles at auction will likely pressure ...
Tag: repossessions
Podcast: Repos up as prices rise, stronger sales cut supply
Amid increased vehicle values, a rise in vehicle repossessions and continued tariff-induced uncertainty, Auto and powersports players are implementing new ...
CFPB analysis points to uptick in repossessions
The Consumer Financial Protection Bureau completed a deep dive into vehicle repossession activity following the start of the pandemic and ...
Consumers misclassify issues in new CFPB complaint category
A newly created category in the Consumer Financial Protection Bureau’s complaint database generated nearly 3,000 grievances last year, 23% of ...
Recoveries poised for lift with repo drones (Under the Hood)
It’s a bird, it’s a plane, it’s a repossession drone. As recovery rates decline in the wake of lower prices ...
ThunderRoad Financial taps into ‘eventual recoveries’
Powersports lender ThunderRoad Financial has garnered strong recoveries on difficult-to-find motorcycles, prompting the lender to pursue units even years after ...
Credit union repo assignments on the rise
Repossession agencies are receiving more assignments from credit unions as delinquencies rise nationwide. Houston-based Automobile Recovery Bureau has seen more ...
Lenders battle recovery woes with collections, servicing strategies
Auto lenders must creatively prioritize servicing and collections initiatives as recovery rates fall to historically low levels across the industry, ...
