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