4 ms·
That's an interesting theory. Anecdotally, I occasionally pass by a lot where repossessed cars are stored. I've noticed there have considerably fewer cars in th
by TigeriusKirk 5y ago
That's an interesting theory. Anecdotally, I occasionally pass by a lot where repossessed cars are stored. I've noticed there have considerably fewer cars in their lots of late, with whole sections completely empty. I'd guessed bad car loans just weren't being made with the pandemic, but this theory makes a lot more sense.
- bredren 5y agoI like that you have this small visual indicator of vehicle repossession rates. If someone took sat photos and performed vehicle count on lots like this across the country that would be a quite an interesting set of data frames. If might not matter if a person pays the rent, but people are definitely on the hook with both their lenders and their auto insurance providers. It has also never been easier to recognize a vehicle marked for repo than it is today. Vigilant's (Motarola) DRN and MVTrac are mature, growing while the cost of new LPR equipment continues to go down. When it comes to the repo man, It's never been a worse time to be in violation of a car loan or lease.