Repossession Services in the US - Industry Market Research Report

March 2020 •
30 pages •
Report ID: 5103773 •
Format: PDF

Summary
Table of contents
Search Inside

Take back: More loans will likely lead to increased demand for industry services

Abstract

Repossession Services
Operators in the Repossession Services industry repossess properties including automobiles, boats, furnishings and equipment on behalf of creditors when individuals fail to keep up with their loan payments. Before the five years to 2018, industry revenue was falling as demand for repossessions normalized following a surge caused by the recession. However, over the five years to 2018, demand began to stabilize as the economy expanded. As disposable income levels have risen, consumers have begun to increase their purchases while creditors have expanded financing. As a result, loan volumes have increased and the overall number of delinquencies has climbed, though the share of delinquent loans has contracted. Over the five years to 2023, industry revenue is forecast to increase. However, rising interest rates and cautious consumers will temper loan volume growth.

This industry repossesses tangible assets (e.g. automobiles, boats, equipment, planes, furniture and appliances) for a creditor as a result of delinquent debt by an individual.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager