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Lots overflowing with repo vehicles
What's the second biggest purchase after a home? Most of the time, it's a car. And with so many people losing their homes, it's really no surprise that so many people are also losing their cars. Repossession companies are reporting record business -- so much so in fact that they are securing additional lots on which to store the delinquent goods. It's estimated that this year will see a 10-percent rise in car repossessions, with 1.6 million vehicles expected to disappear from driveways and streets. It would be the second year of double-digit ... Read more →
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Lots overflowing with repo vehicles 1 year ago on Autoblog
What's the second biggest purchase after a home? Most of the time, it's a car. And with so many people losing their homes, it's really no surprise that so many people are also losing their cars. Repossession companies are reporting record business -- so much so in fact that they are securing ...
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