Credit Unions Utilize Comprehensive Vendor Solutions and Web-Based Technology to Optimize the Sale of Repossessed Vehicles

Driven in large measure by an unfavorable used car market, rising repossession rates and improving technology, many credit unions' vehicle remarketing strategies have evolved considerably in recent years.

 
 
A cyclical peak in the volume of vehicle repossessions, combined with historically low recovery rates, caused lenders to experience significant losses due to repossessions in 2003. Meanwhile, steadily declining used car values in recent years have forced credit unions to place greater emphasis on the optimization of repossessed vehicle sales.

 

 

 

July 19, 2004


Comments

 
 
 
  • Great story! You really put the emphasis where it belongs.
    Anonymous
     
     
     
  • This is a severe case of business speak babble.
    Anonymous
     
     
     
  • very informative
    Anonymous
     
     
     
  • Good summary and supportiing data! It helped me understand repo sales from an objective view... I will explore to get more!!!
    Anonymous