“Repos are cyclical,” says Jim Woodruff, NPA’s chief operating officer. “We are coming off the low point, which has tightened supplies at the same time dealers are needing more inventory. We expect it to begin climbing back up again later this year as the combined result of rising retail sales, new lenders in the space, more aggressive programs from OEMs, the return of national pre-owned financing programs, the expected uptick in default rate, etc. Both repos and consignments are healthy sources of vehicles and they will continue to grow as we move into the future.
Like Dealernews’ Facebook page:
