Is this really true?????

[Breezy]

I was with a buddy while he bought a new truck last Friday. The fin mgr told us that last month in the city of San Antonio there were 20,000 plus repo's!!! Is this really true? That's insane if so

[Speedgoat]

I would not doubt it.

[Mayhem]

that alot of repo's sounds like he has some fuzzy math. he should work for the government.

[Codie]

that would not suprise me at all

[DorothyNotKeegan]

that alot of repo's sounds like he has some fuzzy math. he should work for the government.

Easy on the government workers...

[Mayhem]

Easy on the government workers...

[Scout Man]

I need to buy a wrecker and move if thats true!

[WIKI]

I think he is full of it! I would be suprised that he had real data

[Roy D Mercer]

I know of a local Credit Union that had over 300 in its possession.

[cosmiccowboy]

No way it's that high even counting the second/third chance lots. 20,000 a month is almost a quarter of a million a year.

[Roy D Mercer]

I need to buy a wrecker and move if thats true!

Local repo guy had a stack of repo orders that was over an inch thick. They have more work than they can keep up with.......

[bk9824]

Wouldn't surprise me, but that's a LOT of vehicles for one month...

Keep in mind that a lot of the auto lots were financing some questionable folks just like the mortgage industry. It's as easy to default on a car as it is a home and who knows... But 20k in one month is a bit high I'd say.

That's about 667 cars/day. Where would they store them all, what other logistics have to go into that? I think you'd see a significant increase in the gallons of gas purchased, as the tow truck drivers would be swarming like crazy.

[Mike D]

That's probably exaggerated but I bet they are high.

Glad all of mine are paid for.

[Charles]

I have a customer in Dallas that's in the repo business. He's been crazy busy.

I have a hard time believing 20,000 in a month. 2,000 would be more believable

[SOLID EAGLE]

Cash for clunkers bailout vehicles.