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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!!