Recoveries poised for lift with repo drones (Under the Hood)
1.8M vehicles are projected to be repossessed by yearend
It’s a bird, it’s a plane, it’s a repossession drone. As recovery rates decline in the wake of lower prices at auction, lenders might consider new technology to scout out vehicles with owners who have stopped making loan payments. Repo agents have historically relied on automatic license plate readers in their trucks to spot […]
Already subscribed? Log in
