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Latest News [ 10 ]
- Credit availability likely to improve as auto market bottoms out – Wesbank
- Repossessed cars, homes on the rise
- Sagging Economy Keeps Repo Man Busy
- Re-po agents say business is booming
- Repossession agents in demand as more vehicle owners default on loans
- ‘Vehicle repossessions at highest level’
- ‘Millionaire’ guru resurfaces in Dubai
- New Indiana Law Requires “Motor Vehicles Repossession Agent” to Furnish Sheriff with Certain Information in Connection with Repossession of a Motor Vehicle or Watercraft
- Lil’ Kim and Storch reunited?
- Man charged after alleged fight with ‘repo man’
Columns and Features [ 0 ]
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‘Vehicle repossessions at highest level’
WesBank’s repossession numbers have reached their highest levels in recent times, the vehicle and asset finance company said on Wednesday.
However, these levels were still lower than the percentage of the bank’s book being taken back in 1998.
3 Responses to “‘Vehicle repossessions at highest level’”
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Probably due to the current economy status. Once the economy recovers, will repossessions levels remain high? Or will the be inversely related to consumer spending?
They keep on increasing but for how long?
This what keeps us in business, But if people are not buying cars, we can’t reposses them. Go with the flow!!