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Repo-related violence on the rise, expected to get worse

Repo men working in rural Alabama attempt to take a man's car at 2:30 am. The car's owner, 67-year-old Jimmy Tanks, hears noises and steps outside with his gun. Shots are fired and Jimmy ends up dead. The tables were turned on another repo man working in Alabama, who ended up dying of a gunshot wound. A third repo man, also in Alabama, was wounded by a gunshot while towing a vehicle away. With repossessions predicted to exceed 1.7 million vehicles this year, and the industry itself loosely regulated, violence during lawful repossessions is also ... Read more →

PSA: More banks suing even after repossessing vehicles Jonathon Ramsey

Lots overflowing with repo vehicles Jonathon Ramsey

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. ...

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Repo-related violence on the rise, expected to get worse 9 months ago on Autoblog

PSA: More banks suing even after repossessing vehicles 11 months ago on Autoblog

Just because your car has been repossessed doesn't mean you don't still owe the bank money on it. If that vehicle gets sold at auction for less than the bank is owed on it, the difference is called the "deficiency." And as MSNBC informs, banks are increasingly suing to get that deficiency amount ...

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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Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too!

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