REDWOOD CITY, Calif. -

A strong start to 2013 left the February data reported in the latest RDN Monthly Analytics Update falling lower against January but slightly higher versus a year ago.

Officials said February recovery volumes dropped 13 percentage points versus the January level.

However, the February reading came in 4 percentage points higher than the year-earlier mark.

RDN indicated a similar pattern arose in terms of recovery orders.

February recovery orders declined 20 percentage points below the previous month. But the February order rate ticked 4 percentage points higher year-over-year.

The RDN Recovery Market Trend Summary — a rolling comparison of new- and used-vehicle buyer’s FICO scores against the percentage volume of recovered vehicles relative to the volume of vehicle sales financed — showed the volume of recoveries relative to retail new- and used-vehicles financed dipped during February versus the prior month.

Recovery volumes as a percentage of sales financed ended at a 40 index level in February, which represents a 8 percentage point drop from the prior month and a 3 percentage point dip versus the prior year.

Analysts mentioned FICO scores for new- and used-vehicles buyers experienced a year-plus plunge from a high in January 2010 with a recovery beginning in May 2011, and February represented a slight increase from January.

RDN went on to mention that among the top 20 largest cities with the highest recovery volumes, none posted an actual volume increase in February. In fact, a dozen had year-over-year drops of at least 22 percent with Boston leading the way with a 38-percent decrease.

Finally, RDN pointed out that once again Texas led the nation with the highest volume of involuntary recoveries at 12 percent of the nation’s total for January, a little less than 7,300 units. The company added that Texas, Florida and California constituted 30 percent of all recoveries nationwide for the month.

The Sunshine State also paced the country with the highest volume of voluntary recoveries at a little less than 1,250 units recovered during January.

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