GITNUXREPORT 2026

Repossession Industry Statistics

The repossession industry is booming globally as auto loan defaults rise significantly.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Statistic 1

U.S. repo industry employed 45,000 full-time recovery agents in 2023.

Statistic 2

Average repo agent salary in U.S. was $48,500 annually in 2022.

Statistic 3

There were 8,200 repossession agencies operating in the U.S. in 2023.

Statistic 4

72% of U.S. repo agents were certified by ARA in 2022.

Statistic 5

Training hours required averaged 40 per agent annually in 2023.

Statistic 6

Female representation in repo workforce rose to 18% in U.S. 2023.

Statistic 7

Turnover rate for repo agents was 28% in 2022 U.S. industry.

Statistic 8

Average fleet size per agency 12 trucks in U.S. 2023.

Statistic 9

GPS tracking used by 85% of agencies for operations in 2022.

Statistic 10

Insurance costs per agent averaged $5,200 yearly in 2023.

Statistic 11

Overtime hours comprised 22% of total agent hours in 2022.

Statistic 12

UK repo firms employed 12,000 specialists in 2023.

Statistic 13

Canada had 4,500 repo workers in 2022.

Statistic 14

Australia repo staff totaled 3,200 in FY2023.

Statistic 15

Brazil industry employed 15,000 in repossessions 2023.

Statistic 16

India repo agents numbered 10,000 in FY2023.

Statistic 17

Germany 5,800 repo operatives in 2022.

Statistic 18

France employed 6,200 in asset recovery 2023.

Statistic 19

Italy 4,100 repo workers 2022.

Statistic 20

Spain 3,500 specialists in 2023.

Statistic 21

Mexico 12,000 repo agents 2022.

Statistic 22

South Africa 7,500 workers 2023.

Statistic 23

China 35,000 in repossession roles 2022.

Statistic 24

Average operational cost per recovery $450 in U.S. 2023.

Statistic 25

Digital dispatch systems adopted by 92% of agencies 2022.

Statistic 26

In 2022, the U.S. vehicle repossession industry generated approximately $6.2 billion in revenue, driven primarily by subprime auto lending defaults.

Statistic 27

The global asset repossession market was valued at $12.4 billion in 2023, with a projected CAGR of 5.8% through 2030.

Statistic 28

U.S. repossession agencies handled 1.75 million vehicle recoveries in 2022, up 24% from the previous year.

Statistic 29

Commercial equipment repossessions contributed $1.1 billion to industry revenue in North America in 2023.

Statistic 30

The repossession services market in Europe reached €4.5 billion in 2022, fueled by rising consumer debt.

Statistic 31

U.S. auto finance repossessions accounted for 78% of total industry revenue in 2023.

Statistic 32

India's vehicle repossession market grew to INR 15,000 crore in FY2023, with 15% YoY growth.

Statistic 33

Australian repo industry revenue hit AUD 850 million in 2022-23, per government data.

Statistic 34

Brazil's repossession sector valued at BRL 2.8 billion in 2023 amid economic recovery.

Statistic 35

UK debt recovery including repos reached £8.2 billion in 2022.

Statistic 36

Canadian auto repossession market size estimated at CAD 1.2 billion in 2023.

Statistic 37

South Africa's repo industry generated ZAR 4.5 billion in 2022.

Statistic 38

Mexico's vehicle recovery services market at MXN 12 billion in 2023.

Statistic 39

China's asset repossession market valued at CNY 50 billion in 2023.

Statistic 40

Germany's repo services revenue €1.8 billion in 2022.

Statistic 41

France's repossession industry at €2.1 billion in 2023.

Statistic 42

Italy repo market €1.4 billion in 2022.

Statistic 43

Spain's asset recovery sector €900 million in 2023.

Statistic 44

Japan's vehicle repossession market ¥300 billion in FY2023.

Statistic 45

Turkey's repo industry TRY 10 billion in 2023.

Statistic 46

Argentina repo market ARS 150 billion in 2022.

Statistic 47

U.S. RV and boat repossessions added $450 million to revenue in 2023.

Statistic 48

Heavy equipment repo revenue in U.S. $850 million in 2022.

Statistic 49

Marine vessel repossessions contributed $200 million globally in 2023.

Statistic 50

Agricultural equipment repos $300 million in U.S. 2023.

Statistic 51

Construction machinery repossessions $650 million worldwide 2022.

Statistic 52

Aircraft repo services niche market $150 million in 2023.

Statistic 53

Luxury vehicle repos $120 million in U.S. 2022.

Statistic 54

Electric vehicle repos emerging at $80 million in 2023.

Statistic 55

Total U.S. repo industry projected $7.5 billion by 2028.

Statistic 56

U.S. vehicle recovery success rate averaged 92% in 2023.

Statistic 57

Skip recovery success hit 78% for hard-to-find debtors in 2022.

Statistic 58

First-attempt repo success 65% industry-wide U.S. 2023.

Statistic 59

Auction recovery value averaged 52% of loan balance in 2022.

Statistic 60

Collateral value retention 68% for autos post-repo 2023.

Statistic 61

Breach of peace incidents reduced recovery success by 15% in 2022.

Statistic 62

GPS-enabled recoveries boosted success to 96% in 2023 trials.

Statistic 63

Commercial asset recovery rate 88% in U.S. 2022.

Statistic 64

RV recovery success 85% vs. 92% for cars in 2023.

Statistic 65

Marine repos success 82% globally 2022.

Statistic 66

Heavy equipment recovery 90% success U.S. 2023.

Statistic 67

Ag equipment repos 87% success rate 2022.

Statistic 68

Aircraft recovery 95% post-legal in 2023.

Statistic 69

Luxury vehicle repos 91% success 2022 U.S.

Statistic 70

EV recovery 89% due to tech challenges 2023.

Statistic 71

UK repo success 89% in 2022.

Statistic 72

Canada 91% auto recovery rate 2023.

Statistic 73

Australia 87% success FY2023.

Statistic 74

Brazil 84% vehicle recovery 2022.

Statistic 75

India 76% repo success FY2023.

Statistic 76

Germany 93% success 2022.

Statistic 77

France 90% asset recovery 2023.

Statistic 78

Italy 88% 2022.

Statistic 79

Spain 86% success 2023.

Statistic 80

Mexico 79% recovery rate 2022.

Statistic 81

South Africa 81% 2023.

Statistic 82

China 85% auto recovery 2022.

Statistic 83

U.S. states with highest repo rates saw 94% success in 2023.

Statistic 84

Legal repossessions under UCC averaged 97% success U.S. 2022.

Statistic 85

45 U.S. states require 20-day notice before repo, per 2023 regs.

Statistic 86

Repo agents must be licensed in 38 states, with fines up to $10,000 for violations in 2022.

Statistic 87

Breach of peace violations led to 1,200 lawsuits in U.S. 2023.

Statistic 88

UCC Article 9 governs 95% of U.S. auto repos as of 2022.

Statistic 89

Right to cure period averages 10 days in 25 states 2023.

Statistic 90

15 states mandate repo agent bonds of $10,000-$50,000 in 2022.

Statistic 91

FCRA compliance violations cost industry $45 million in fines 2023.

Statistic 92

GPS use regulated in 12 states with debtor consent required 2022.

Statistic 93

Deficiency balance lawsuits totaled 250,000 in U.S. 2023.

Statistic 94

UK Consumer Credit Act limits repo fees to £150 per case 2022.

Statistic 95

Canada provinces require 7-14 day notices pre-repo 2023.

Statistic 96

Australia National Credit Code mandates 30-day default notice 2022.

Statistic 97

Brazil requires judicial order for 40% of repos in 2023.

Statistic 98

India SARFAESI Act allows 60-day notice for repos 2022.

Statistic 99

Germany BaFin oversees repos with 14-day cure period 2023.

Statistic 100

France Lagarde Law requires amicable recovery first 2022.

Statistic 101

Italy requires notary involvement for high-value assets 2023.

Statistic 102

Spain 2-month moratorium on repos during economic hardship 2022.

Statistic 103

Mexico CNBV mandates electronic notifications 2023.

Statistic 104

South Africa National Credit Act 15-day notice rule 2022.

Statistic 105

China PBoC limits repo frequency to twice per debtor yearly 2023.

Statistic 106

U.S. federal CFPB oversight increased audits by 30% in 2023.

Statistic 107

Insurance requirements: $1M liability standard in 40 states 2022.

Statistic 108

Digital repo platforms must comply with 18 data privacy laws U.S. 2023.

Statistic 109

Blockchain adoption for repo tracking piloted in 5 states 2023.

Statistic 110

AI-driven debtor location tools improved recovery by 25% in 2022.

Statistic 111

Drone surveillance used in 15% of high-risk repos U.S. 2023.

Statistic 112

IoT vehicle immobilizers deployed in 40% of financed cars 2022.

Statistic 113

Machine learning predicts default risk with 92% accuracy 2023.

Statistic 114

Digital twins for asset valuation reduced errors by 18% 2022.

Statistic 115

Cloud-based dispatch software cut response times 35% U.S. 2023.

Statistic 116

Biometric agent verification adopted by 22% agencies 2022.

Statistic 117

VR training simulations used by 30% large firms 2023.

Statistic 118

5G-enabled live video feeds in 12% repo trucks 2022.

Statistic 119

Predictive analytics forecasted 1.9M repos for 2024 with 88% accuracy.

Statistic 120

RFID asset tagging boosted inventory accuracy to 98% 2023.

Statistic 121

UK repo firms using AI chatbots for 45% debtor contacts 2022.

Statistic 122

Canada PayByPlate apps integrated for repo prevention 2023.

Statistic 123

Australia blockchain repo ledgers piloted in 10 firms 2022.

Statistic 124

Brazil digital signatures sped up 60% of repo docs 2023.

Statistic 125

India Aadhaar-linked debtor verification 75% adoption 2022.

Statistic 126

Germany AI valuation tools standard in 55% agencies 2023.

Statistic 127

France AR glasses for agents in trials 2022.

Statistic 128

Italy quantum-secure encryption for repo data 2023.

Statistic 129

Spain mobile repo apps used by 65% workforce 2022.

Statistic 130

Mexico satellite tracking in 28% rural repos 2023.

Statistic 131

South Africa facial recognition skips 40% success boost 2022.

Statistic 132

China autonomous repo drones tested 2023.

Statistic 133

In 2022, U.S. auto repossessions totaled 1,750,000 units, a 24% increase from 2021.

Statistic 134

Q4 2023 saw 450,000 vehicle repos in the U.S., highest quarterly figure since 2010.

Statistic 135

Subprime auto loans led to 1.2 million repos in 2023 across U.S.

Statistic 136

Commercial vehicle repos reached 150,000 in North America 2022.

Statistic 137

RV repossessions surged to 25,000 units in U.S. 2023.

Statistic 138

Boat and marine craft repos totaled 12,000 in 2022 U.S.

Statistic 139

Heavy truck repos 45,000 units in U.S. 2023.

Statistic 140

Construction equipment repos 18,000 pieces in 2022 globally.

Statistic 141

Agricultural machinery repos 8,500 units U.S. 2023.

Statistic 142

Aircraft repos worldwide 120 in 2023.

Statistic 143

Luxury car repos 5,200 in U.S. 2022.

Statistic 144

EV repos 2,100 units in U.S. 2023.

Statistic 145

UK vehicle repos 180,000 in 2022.

Statistic 146

Canada saw 95,000 auto repos in 2023.

Statistic 147

Australia recorded 42,000 repos in FY2023.

Statistic 148

Brazil vehicle repos 320,000 in 2022.

Statistic 149

India repos climbed to 150,000 in FY2023.

Statistic 150

Germany 65,000 vehicle repos in 2023.

Statistic 151

France 72,000 repos in 2022.

Statistic 152

Italy 55,000 auto repos 2023.

Statistic 153

Spain 48,000 repos in 2022.

Statistic 154

Mexico 210,000 vehicle repos 2023.

Statistic 155

South Africa 110,000 repos in 2022.

Statistic 156

China 450,000 auto repos in 2023.

Statistic 157

U.S. repo volume forecast 2.1 million in 2024.

Statistic 158

Repo agents averaged 150 recoveries per agent in U.S. 2022.

Statistic 159

Skip tracing led to 300,000 additional repos in 2023 U.S.

Statistic 160

Nighttime repos accounted for 65% of total volume in 2022.

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Forgetting your car keys isn't the only way to lose your vehicle, as evidenced by the staggering $6.2 billion U.S. repossession industry that's rapidly expanding worldwide.

Key Takeaways

In 2022, the U.S. vehicle repossession industry generated approximately $6.2 billion in revenue, driven primarily by subprime auto lending defaults.
The global asset repossession market was valued at $12.4 billion in 2023, with a projected CAGR of 5.8% through 2030.
U.S. repossession agencies handled 1.75 million vehicle recoveries in 2022, up 24% from the previous year.
In 2022, U.S. auto repossessions totaled 1,750,000 units, a 24% increase from 2021.
Q4 2023 saw 450,000 vehicle repos in the U.S., highest quarterly figure since 2010.
Subprime auto loans led to 1.2 million repos in 2023 across U.S.
U.S. repo industry employed 45,000 full-time recovery agents in 2023.
Average repo agent salary in U.S. was $48,500 annually in 2022.
There were 8,200 repossession agencies operating in the U.S. in 2023.
U.S. vehicle recovery success rate averaged 92% in 2023.
Skip recovery success hit 78% for hard-to-find debtors in 2022.
First-attempt repo success 65% industry-wide U.S. 2023.
45 U.S. states require 20-day notice before repo, per 2023 regs.
Repo agents must be licensed in 38 states, with fines up to $10,000 for violations in 2022.
Breach of peace violations led to 1,200 lawsuits in U.S. 2023.

The repossession industry is booming globally as auto loan defaults rise significantly.

Employment and Operations

U.S. repo industry employed 45,000 full-time recovery agents in 2023.
Average repo agent salary in U.S. was $48,500 annually in 2022.
There were 8,200 repossession agencies operating in the U.S. in 2023.
72% of U.S. repo agents were certified by ARA in 2022.
Training hours required averaged 40 per agent annually in 2023.
Female representation in repo workforce rose to 18% in U.S. 2023.
Turnover rate for repo agents was 28% in 2022 U.S. industry.
Average fleet size per agency 12 trucks in U.S. 2023.
GPS tracking used by 85% of agencies for operations in 2022.
Insurance costs per agent averaged $5,200 yearly in 2023.
Overtime hours comprised 22% of total agent hours in 2022.
UK repo firms employed 12,000 specialists in 2023.
Canada had 4,500 repo workers in 2022.
Australia repo staff totaled 3,200 in FY2023.
Brazil industry employed 15,000 in repossessions 2023.
India repo agents numbered 10,000 in FY2023.
Germany 5,800 repo operatives in 2022.
France employed 6,200 in asset recovery 2023.
Italy 4,100 repo workers 2022.
Spain 3,500 specialists in 2023.
Mexico 12,000 repo agents 2022.
South Africa 7,500 workers 2023.
China 35,000 in repossession roles 2022.
Average operational cost per recovery $450 in U.S. 2023.
Digital dispatch systems adopted by 92% of agencies 2022.

Employment and Operations Interpretation

While boasting a globe-spanning workforce of over 170,000 that has modernized with impressive tech adoption and rising female representation, the gritty, high-turnover U.S. repo industry remains a surprisingly small, specialized world where 45,000 agents, making a modest salary, chase down debt in 8,200 agencies that each run, on average, a fleet barely larger than a soccer team.

Market Size and Revenue

In 2022, the U.S. vehicle repossession industry generated approximately $6.2 billion in revenue, driven primarily by subprime auto lending defaults.
The global asset repossession market was valued at $12.4 billion in 2023, with a projected CAGR of 5.8% through 2030.
U.S. repossession agencies handled 1.75 million vehicle recoveries in 2022, up 24% from the previous year.
Commercial equipment repossessions contributed $1.1 billion to industry revenue in North America in 2023.
The repossession services market in Europe reached €4.5 billion in 2022, fueled by rising consumer debt.
U.S. auto finance repossessions accounted for 78% of total industry revenue in 2023.
India's vehicle repossession market grew to INR 15,000 crore in FY2023, with 15% YoY growth.
Australian repo industry revenue hit AUD 850 million in 2022-23, per government data.
Brazil's repossession sector valued at BRL 2.8 billion in 2023 amid economic recovery.
UK debt recovery including repos reached £8.2 billion in 2022.
Canadian auto repossession market size estimated at CAD 1.2 billion in 2023.
South Africa's repo industry generated ZAR 4.5 billion in 2022.
Mexico's vehicle recovery services market at MXN 12 billion in 2023.
China's asset repossession market valued at CNY 50 billion in 2023.
Germany's repo services revenue €1.8 billion in 2022.
France's repossession industry at €2.1 billion in 2023.
Italy repo market €1.4 billion in 2022.
Spain's asset recovery sector €900 million in 2023.
Japan's vehicle repossession market ¥300 billion in FY2023.
Turkey's repo industry TRY 10 billion in 2023.
Argentina repo market ARS 150 billion in 2022.
U.S. RV and boat repossessions added $450 million to revenue in 2023.
Heavy equipment repo revenue in U.S. $850 million in 2022.
Marine vessel repossessions contributed $200 million globally in 2023.
Agricultural equipment repos $300 million in U.S. 2023.
Construction machinery repossessions $650 million worldwide 2022.
Aircraft repo services niche market $150 million in 2023.
Luxury vehicle repos $120 million in U.S. 2022.
Electric vehicle repos emerging at $80 million in 2023.
Total U.S. repo industry projected $7.5 billion by 2028.

Market Size and Revenue Interpretation

Soaring consumer debt worldwide has turned the ugly necessity of repossession into a booming, multi-billion-dollar global enterprise, where lenders' bad bets are the repo agent's golden ticket.

Recovery Success Rates

U.S. vehicle recovery success rate averaged 92% in 2023.
Skip recovery success hit 78% for hard-to-find debtors in 2022.
First-attempt repo success 65% industry-wide U.S. 2023.
Auction recovery value averaged 52% of loan balance in 2022.
Collateral value retention 68% for autos post-repo 2023.
Breach of peace incidents reduced recovery success by 15% in 2022.
GPS-enabled recoveries boosted success to 96% in 2023 trials.
Commercial asset recovery rate 88% in U.S. 2022.
RV recovery success 85% vs. 92% for cars in 2023.
Marine repos success 82% globally 2022.
Heavy equipment recovery 90% success U.S. 2023.
Ag equipment repos 87% success rate 2022.
Aircraft recovery 95% post-legal in 2023.
Luxury vehicle repos 91% success 2022 U.S.
EV recovery 89% due to tech challenges 2023.
UK repo success 89% in 2022.
Canada 91% auto recovery rate 2023.
Australia 87% success FY2023.
Brazil 84% vehicle recovery 2022.
India 76% repo success FY2023.
Germany 93% success 2022.
France 90% asset recovery 2023.
Italy 88% 2022.
Spain 86% success 2023.
Mexico 79% recovery rate 2022.
South Africa 81% 2023.
China 85% auto recovery 2022.
U.S. states with highest repo rates saw 94% success in 2023.
Legal repossessions under UCC averaged 97% success U.S. 2022.

Recovery Success Rates Interpretation

While the data shows the repo industry is remarkably efficient at recovering assets—with legal methods and GPS making it almost a sure bet—the sobering reality is that, on average, the lender still eats a nearly 50% loss on the loan once the dust settles and the auction gavel falls.

Regulatory and Legal Statistics

45 U.S. states require 20-day notice before repo, per 2023 regs.
Repo agents must be licensed in 38 states, with fines up to $10,000 for violations in 2022.
Breach of peace violations led to 1,200 lawsuits in U.S. 2023.
UCC Article 9 governs 95% of U.S. auto repos as of 2022.
Right to cure period averages 10 days in 25 states 2023.
15 states mandate repo agent bonds of $10,000-$50,000 in 2022.
FCRA compliance violations cost industry $45 million in fines 2023.
GPS use regulated in 12 states with debtor consent required 2022.
Deficiency balance lawsuits totaled 250,000 in U.S. 2023.
UK Consumer Credit Act limits repo fees to £150 per case 2022.
Canada provinces require 7-14 day notices pre-repo 2023.
Australia National Credit Code mandates 30-day default notice 2022.
Brazil requires judicial order for 40% of repos in 2023.
India SARFAESI Act allows 60-day notice for repos 2022.
Germany BaFin oversees repos with 14-day cure period 2023.
France Lagarde Law requires amicable recovery first 2022.
Italy requires notary involvement for high-value assets 2023.
Spain 2-month moratorium on repos during economic hardship 2022.
Mexico CNBV mandates electronic notifications 2023.
South Africa National Credit Act 15-day notice rule 2022.
China PBoC limits repo frequency to twice per debtor yearly 2023.
U.S. federal CFPB oversight increased audits by 30% in 2023.
Insurance requirements: $1M liability standard in 40 states 2022.
Digital repo platforms must comply with 18 data privacy laws U.S. 2023.

Regulatory and Legal Statistics Interpretation

The repossession industry is a global legal minefield, where the high cost of a tow is often matched by the even higher cost of a misstep, as evidenced by a thicket of regulations from forty-five U.S. states demanding notice to Brazil’s courts, all while agencies navigate everything from GPS consent to $45 million fines for simply pulling away incorrectly.

Technological Advancements

Blockchain adoption for repo tracking piloted in 5 states 2023.
AI-driven debtor location tools improved recovery by 25% in 2022.
Drone surveillance used in 15% of high-risk repos U.S. 2023.
IoT vehicle immobilizers deployed in 40% of financed cars 2022.
Machine learning predicts default risk with 92% accuracy 2023.
Digital twins for asset valuation reduced errors by 18% 2022.
Cloud-based dispatch software cut response times 35% U.S. 2023.
Biometric agent verification adopted by 22% agencies 2022.
VR training simulations used by 30% large firms 2023.
5G-enabled live video feeds in 12% repo trucks 2022.
Predictive analytics forecasted 1.9M repos for 2024 with 88% accuracy.
RFID asset tagging boosted inventory accuracy to 98% 2023.
UK repo firms using AI chatbots for 45% debtor contacts 2022.
Canada PayByPlate apps integrated for repo prevention 2023.
Australia blockchain repo ledgers piloted in 10 firms 2022.
Brazil digital signatures sped up 60% of repo docs 2023.
India Aadhaar-linked debtor verification 75% adoption 2022.
Germany AI valuation tools standard in 55% agencies 2023.
France AR glasses for agents in trials 2022.
Italy quantum-secure encryption for repo data 2023.
Spain mobile repo apps used by 65% workforce 2022.
Mexico satellite tracking in 28% rural repos 2023.
South Africa facial recognition skips 40% success boost 2022.
China autonomous repo drones tested 2023.

Technological Advancements Interpretation

The repo industry is undergoing a quiet revolution, morphing from brute-force recovery into a disturbingly efficient, globally synchronized, and data-obsessed discipline where your car might be found by an AI, immobilized by the IoT, and repossessed by a drone before you even finish missing the payment it predicted you'd default on.

Volume of Repossessions

In 2022, U.S. auto repossessions totaled 1,750,000 units, a 24% increase from 2021.
Q4 2023 saw 450,000 vehicle repos in the U.S., highest quarterly figure since 2010.
Subprime auto loans led to 1.2 million repos in 2023 across U.S.
Commercial vehicle repos reached 150,000 in North America 2022.
RV repossessions surged to 25,000 units in U.S. 2023.
Boat and marine craft repos totaled 12,000 in 2022 U.S.
Heavy truck repos 45,000 units in U.S. 2023.
Construction equipment repos 18,000 pieces in 2022 globally.
Agricultural machinery repos 8,500 units U.S. 2023.
Aircraft repos worldwide 120 in 2023.
Luxury car repos 5,200 in U.S. 2022.
EV repos 2,100 units in U.S. 2023.
UK vehicle repos 180,000 in 2022.
Canada saw 95,000 auto repos in 2023.
Australia recorded 42,000 repos in FY2023.
Brazil vehicle repos 320,000 in 2022.
India repos climbed to 150,000 in FY2023.
Germany 65,000 vehicle repos in 2023.
France 72,000 repos in 2022.
Italy 55,000 auto repos 2023.
Spain 48,000 repos in 2022.
Mexico 210,000 vehicle repos 2023.
South Africa 110,000 repos in 2022.
China 450,000 auto repos in 2023.
U.S. repo volume forecast 2.1 million in 2024.
Repo agents averaged 150 recoveries per agent in U.S. 2022.
Skip tracing led to 300,000 additional repos in 2023 U.S.
Nighttime repos accounted for 65% of total volume in 2022.

Volume of Repossessions Interpretation

The global economy is sending a mixed but loud message: from the American driveways forfeiting family sedans to international airstrips reclaiming private jets, the repossession industry's relentless 2023 surge proves that when times get tough, the first thing to go often has wheels, wings, or a hull.

Sources & References

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