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

When you signed the financing agreement that enabled you to buy a car on payments, you made a legally binding promise to make those payments on time every month. If you miss a single payment by 30 ...

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 ...

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 ...

Learn how to buy repo cars at Copart auctions! Get insights into navigating public auto auctions and the car market for ...

A man specializing in buying repossessed cars in auctions marveled at some of the new cars available. He thinks it’s indicative of people getting cars they can’t afford. “Y’all need to stop buying ...

There were 2,332,837 auto loan defaults last year, exceeding levels seen during the Great Recession. Approximately 1.73 million vehicles were repossessed, which was the highest level in over a decade.

Steve Hale hopped into the cab of a gray 2007 Range Rover and started the engine. The car, one of more than 80 vehicles parked outside a Meridian warehouse, slowly rumbled to life in Saturday’s ...

Tight household budgets are pushing drivers toward financial strain.