Fewer trucks, trailers repossessed in first and second quarters of 2003

| 9/19/2003

Fewer trucks were repossessed the first two quarters of 2003 than the same time last year, according to The NasTrac Quarterly Index, which was issued by Nassau Asset Management, a company that performs repossessions and other services.

 According to the index’s first-quarter data, there was a 36 percent decrease in repossessions of trucks and trailers over the same quarter in 2002. Repossessions were down 32 percent in the second quarter.

The index is based on the company's internal data.

Ed Castagna, senior executive vice president, says the index, which was released publicly for the first time, gives equipment-leasing and financing providers a snapshot of recent recovery and sales activity.