2021 Repo Report Illuminates Key Stats
Feb 13, 2022
1 min read
A 2021 Repo Report published by Experian, a credit reporting agency that notifies banks and financial institutions of individual credit worthiness, includes key repo stats such as the number of yearly repossessions (2.4 million), average daily repossessions (5418) and the most repossessed trucks (Ford F-150) and cars (Honda Civic) currently on the market. Stats also include the 10 highest repossession rates in 2021. Nine states and DC are listed. Nevada is at the top of list.
10. Virginia
9. District of Columbia
8. Georgia
7. Oklahoma
6. Texas
5. Florida
4. North Carolina
3. New Mexico
2. Arizona
1. Nevada
According to the report, for every 2.4 cars sold, 1 existing vehicle on the road will be repossessed each year.
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