Credit unions not fueling rise in repossessions

by. Michelle A. Samaad

While car repossessions were up 36.5% overall in the first quarter, the bulk of that activity is not occurring at credit unions.

According to Experian Automotive’s State of the Automotive Finance Market report released Thursday, the rise in repossessions marks a .50% increase from the first quarter of 2013 to .68% in the first quarter of this year.

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