Repossessed cars often sit on the repo firm's lot until they go to an auction. Jim celebrated a good deal as his dealer bought the car at auction and passed on the savings to Jim. Jane couldn't afford ...

FONTANA, Calif. — Dealers might not necessarily be asking auctions specifically about repossessed vehicles. But when a repo unit comes down a lane, it's likely headed to a dealer's inventory soon.

America's biggest used-car dealership illegally repossessed several cars in the late 2010s and early 2020s and has been ordered to pay the owners back.

24, 2023, the used car dealer repossessed the vehicles of at least 28 service members who were in active milita ...

A California dealership is facing a lawsuit alleging it improperly used police to detain a customer at gunpoint after a ...

Ignite Consulting Partners offers a compliance tip each week for dealerships. This week’s installment delves into a business segment buy-here, pay-here operators often face — repossessions — recapping ...

CarMax Inc., the largest used car dealer in the United States, has agreed to pay $15,000 to each of dozens of military ...

As the economy continues to sour, debt-strapped vehicle owners are defaulting on automobile loans at record rates, providing repo men, auction wholesalers and dealers with loads of work. "Business is ...

The largest used car dealer in the country, CarMax, has agreed to pay close to $500,000 to resolve claims that it unlawfully repossessed U.S. military personnel’s cars. Each impacted military member ...

Since 2020 the car market has been rocked by one problem after another. First it was a lack of stock, then parts, then supply. All of this causes prices to shoot up. Along with rising prices also came ...

A growing share of American drivers are falling behind on car payments, and repossessions are set to climb to levels last seen during the Great Recession. Hosts Kenny Malone and Preeti Varathan ...