2008 Auto Repo Rate Highest Ever, Repo Men Now Worried About Their Jobs

Vehicle repossessions are expected to rise 15% this year from 2007 due to the continuing economic meltdown, says an executive vice president of customer strategies at ADESA Inc., a vehicle auction company, in Automotive News » 10/14/08 12:00pm 10/14/08 12:00pm today. So why are repo men complaining? Apparently banks and lenders are facing so many…