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.
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Dealerships are accused of pushing car loans that buyers can’t afford, leading to repossessions and resales again and again
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Since 2020 the car market has been rocked by one problem after another. First it was a lack of stock, then parts, then supply. All of this causes prices to shoot up. Along with rising prices also came ...
Ignite Consulting Partners offers a compliance tip each week for dealerships. This week’s installment delves into a business segment buy-here, pay-here operators often face — repossessions — recapping ...
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Auto loan strains trigger repossession surge
A growing share of American drivers are falling behind on car payments, and repossessions are set to climb to levels last seen during the Great Recession. Hosts Kenny Malone and Preeti Varathan ...
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