Exploring the numbers
Like vultures in the lurch, the repossession industry sits in wait for any economic sign that might foretell an end to the two-and-a-half-year repossession drought. So, when headlines splash across the news of an “explosion” in repossessions, everyone gets excited. Unfortunately, this was all “click-bait” with no statistical basis. But, doing a deep dive into the Fed’s data, there are encouraging signs for the industry, but not so much for the economy.
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The mythical repossession explosion, and the real data – Repossession – Nope, Auto-Loan Delinquencies and Repos Are Not “Exploding
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