The American Repossessor

WESTBURY, N.Y., June 25 /PRNewswire/ — Repossessions and liquidations of construction equipment nearly tripled in the first quarter of 2009, as did machine tool repossessions, as compared to the same quarter of 2008, according to Nassau Asset Management’s NasTrac Quarterly Index (NQI). The figures, culled from the company’s activity reports for both repossessions and orderly liquidations, show the dramatic effect of the economy on the construction, manufacturing and transportation industries, even as signs surface of a possible economic turnaround.