Car Repossessions Lowest Since 2006: Experian
Vehicle repossessions hit the lowest rate since Experian Automotive began tracking the data seven years ago.
In the second quarter, vehicle repossessions dropped 14.8%, Experian said. Roughly 0.36% of all vehicle loans ended in a repossession, down from 0.43% in second quarter 2012, according to the data. The change represented a 10.4% decrease from the previous low of 0.41% in the second quarter of 2006.