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Back in the beginning of July, the press took off with the click bait story that we were in the midst of a repossession explosion. Of course, the data suggested otherwise but still left cause for optimism in that there were indications that delinquency could be beginning to rise and they were returning to normal. But since early August, agents have been discussing with the press and on social media, increases in repossession assignments. So has the last 60 days of aging of delinquent auto loan portfolios matured in greater volume to the point of repossession?
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Repossessions rising – Trend or just a blip – Repossession – Repossession History
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