Manheim’s Tom Webb recently projected where repossession volumes might settle at this year, acknowledging his estimate is a little lower than anticipated.

Webb predicted 2011 repo volume will include 1.3 million units, extending a decline since the industry peak two years ago. He pointed out repossessions totaled 1.9 million units back in 2009 and came in at 1.55 million units a year ago.
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Source: autoremarketing.com