The Next Auto Repossession Cycle
June 26, 2012
According to analysts’ expectations reported by inautonews.com, cars sales will ultimately increase by between 6 and 7 percent in 2012 over 2011. Although all analysts expect mixed economic news throughout the rest of 2012, it looks as though domestic auto buyers don’t scare as easily as they did three years ago when the financial crisis hit.
Current trends indicate that consumers are spending at the fastest pace in more than a year thanks to improved lending and having off-loaded debt. Kelley Blue Book’s Alec Gutierrez said that consumers have also become less likely to change car-buying decisions based on economic news.
“The American consumer has seen so much gone wrong,” Gutierrez told The Automotive News. “If they have to buy a car, they will.”
And that means that repossessions will begin to escalate again if the job market remains stagnant. That would make this the right time to take a look at Repo Remarketing’s comprehensive repossession and remarketing services. The Repo Remarketing team is ready to meet your needs with their web-based, easy-to-use service platform.
Strategic Link is the NWCUA’s wholly-owned service corporation, providing the Association’s member credit unions with exclusive high-quality, competitively-priced products and discounted services. Questions? Contact Sales & Marketing Associate Craig Reed: 206.340.4789, firstname.lastname@example.org.
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