Repossession volume in the wholesale vehicle market climbed the last three years and reached pre-pandemic levels in 2024, according to January data from Cox Automotive.
After hitting 1.7 million units in 2024, annual repo volume at auction is likely to remain at that level through 2029, Cox predicts.
Amid these sustained heights of repo volume making their way to wholesale channels comes an important reminder:
the process a vehicle undertakes through recovery is “complicated and full of friction, with many business verticals playing roles in the same space, grinding gears.” ...
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