While the repossession industry enjoys a long-awaited increase in recovery volume, the long-standing issue of free storage is making the risks grow exponentially. As the number of cars taken into storage blossoms, so do the risks of theft, violence and acts of God, and with no compensation for storage, it only takes one incident to force an agency to close its doors. Join Jay Wertzberger with Vaughn Clemmons and a cast of some of the repo industries greatest minds as they discuss this and all of the glaring double standards agency owners face on a daily basis.
On this August 6th broadcast, Jay at ATI is joined by Vaughn Clemmons, Dave Kennedy, Mike Peplinski, Amy Bednar, Jeremy Cross, Richard Grosvenor and Marcus Potter as they dig into the topics of:
- Insurance: How changes over time are hurting repossession agencies.
- Acts Of God: How auto repo businesses suffer from the unthinkable.
- Theft & Violence: Debtors breaking into repo yards is an unfair risk.
- Education & Training: Legal compliance requires significant business investment.
- Storage Costs: When the lot is full, repo companies can’t repossess more cars.
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