Economy

1 min read

Wholesale auto market declines for 10th straight week

October 5, 2022 Cucolle1

Black Book reports auction inventory up and sales results down, again It’s normal for...

1 min read

Wholesale auction market value slide continues

September 28, 2022 Cucolle1

Black Book reports repossession inventory up and values decline for eighth straight week In...

1 min read

Has the subprime auto dumpster fire started?

March 27, 2022 Cucolle1

Smell Fire? Subprime auto loan delinquency climbs to highest rate since April 2020 Now...

1 min read

CFPB takes aim at Illegal Auto Repossessions

March 1, 2022 Cucolle1

High Car Prices Increase Risk of Improper Repossession by Lenders, Servicers, and Investors WASHINGTON,...

1 min read

Another Collections and Repossession Bill – The Bigger One That Slipped By

April 13, 2020 Cucolle1

While we were all distracted by S. 3565 introduced into the senate on March...

1 min read

July Bankruptcy Filings Increase 3 Percent Over Last Year

August 9, 2019 Cucolle1

Alexandria, Va.— Total U.S. bankruptcy filings increased 3 percent in July 2019 from July...

1 min read

Trans Union Reports Auto Delinquency to Rise in 2018

December 18, 2017 Cucolle1

Auto loan delinquencies will rise in 2018, but the rate of the increase will...

7 min read

Is the Dam Ready to Break? Auto Delinquency on the Rise

April 25, 2017 Cucolle1

  Scary U.S. Auto Loan Debt Numbers Foreshadow Economic Downturn Rising U.S. Auto Loan...

1 min read

The Next Financial Crisis Might Be in Your Driveway

February 22, 2017 Cucolle1

With late payments on the rise, a dealership upsell begins to look dangerous. Lured...

1 min read

Go Green $ave On Fuel Cost

December 28, 2016 Cucolle1

Detroit Wrecker brings another industry changing product. Proud to announce we are an official...

1 min read

Auto Loan Losses at Six Year High – Fitch Ratings

September 6, 2016 Cucolle1

Banks’ loan losses from car financing have risen to a six-year high, new figures show, as the...

1 min read

Oil Market Bust Creates an Unexpected Business Boom for Texas Repo Men

September 3, 2015 Cucolle1

The price of oil has dropped to its lowest point in years in recent...