RDN: September Recovery Volume and Orders Rise
REDWOOD CITY, Calif. — The most recent RDN Monthly Analytics
Update indicated September recovery volumes increased 4 percentage points from
August levels.
But, the September reading still settled 4 points below
year-ago levels.
RDN indicated September recovery orders climbed 6 percentage
points from the previous month and also increased 5 percentage points
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
increased during September versus the prior month.
RDN went on to mention that among the top 20 largest cities
with the highest recovery volumes, New
York experienced the highest actual volume increase during September while the
Big Apple along with Charlotte, N.C., experienced the highest relative volume
increase.
Finally, officials pointed out Texas led the nation with the
highest volume of involuntary recoveries at just below 6,700 units in September
while Florida paced the country with the highest volume of voluntary recoveries
at a little less than 1,250 units recovered during September.