Car repossessions went up 43% over two years as high prices squeeze Americans. Here's what to do if you're at risk

As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
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3 repo organizations reiterate definitions of 8 key industry terms

Earlier this year, a joint announcement from three of the largest repossession organizations — Allied Finance Adjusters, American Recovery Association and Eagle Group XX — reiterated their definitions ...
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My car was repossessed after 6 months of missed payments during a hospital stay. I still owe $20,000 on a 5-year loan with 4 years left — am I responsible for the full amount?

Taking on a car loan comes with a lot of responsibility. With Experian reporting that the 2024 average car payment for new and used cars sat at $734 and $525 per month, respectively, it's very easy ...
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Commercial consignor sales at auction reflect strength in off-rental, repo volumes

Auction sales of 2-year-old vehicles from commercial consignors climbed nearly 32% year-over-year in November and beat October numbers by 4%. Through 11 months of the year, sales of these vehicles ...
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Driver thought his car was repo’d — then he found it in the strangest place

When a driver walks outside and finds an empty parking spot where their car should […] ...

Car repossessions went up 43% over two years as high prices squeeze Americans. Here's what you can do if you're at risk

As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.