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Trucking Repossessions* USA - NasTrac reports ‘significant’ decline in trucking repos
Trucking repossessions dropped by 55 percent. The results in these two quarters follow in the wake of a steady increase in activity in this sector, beginning in early 2008
Westbury,N.Y.,USA -The Trucker News Services, by Kevin Jones -16 March 2010: -- Repossessions and liquidations of trucking equipment in the fourth quarter of 2009 declined significantly as compared to similar figures from 2008, according to Nassau Asset Management’s NasTrac Quarterly Index... Trucking repossessions dropped by 55 percent in the latest NQI, marking the second straight quarter of considerable declines... Machine tool repossessions processed by Nassau followed the same track as trucking repos. They declined by 20 percent in Q4 2009, following a decline of 55 percent in Q3 2009, as compared to the same periods in 2008... Nassau Asset Management of Westbury, N.Y., has been providing full-service asset management, including asset recovery, collections, remarketing, plant liquidations, and appraisals for more than 25 years to the equipment finance industry...
Labels: trucks' repossessions
posted by Unknown @ 9:39 AM
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