As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
FONTANA, Calif. — Dealers might not necessarily be asking auctions specifically about repossessed vehicles. But when a repo unit comes down a lane, it's likely headed to a dealer's inventory soon.
Add Yahoo as a preferred source to see more of our stories on Google. Shock. Anger. Shame. And finally, hopelessness. The emotions that follow a car repossession can be overwhelming, but they often ...
INDIANAPOLIS — Car repossessions are climbing fast — approaching levels not seen since the aftermath of the 2008 financial crisis. With record-high vehicle prices and persistent inflation straining ...
(InvestigateTV) — Car repossessions were up 43 percent between 2022 and 2024 - an estimated 3.2 million cars - according to a report by Bankrate citing data from Cox Automotive. Shannon Martin, an ...
Auction sales of 2-year-old vehicles from commercial consignors climbed nearly 32% year-over-year in November and beat October numbers by 4%. Through 11 months of the year, sales of these vehicles ...
As the economy continues to sour, debt-strapped vehicle owners are defaulting on automobile loans at record rates, providing repo men, auction wholesalers and dealers with loads of work. "Business is ...