Asset Management’s NasTrac Quarterly Index shows a 27 percent decrease
in repossessions of construction equipment and a 61 percent drop in truck
and trailer repossessions the first quarter of 2004 compared with the same
quarter last year.
shows continued improvements in overall number of repossessions from businesses.
However, we have been very busy lately, perhaps due to the uneven economic
recovery of various industries,” Ed Castagna, Nassau’s senior executive
vice president, said.
while repossessions of construction equipment and trucks are down compared
with the first quarter 2003, they have increased significantly in the past
few months since the fourth quarter 2003.”
Heights, NY-based Nassau has tracked equipment values for several decades
as a function of its nationwide operations, which re-captures and re-sells
all types of assets, including construction equipment, printing presses,
machine tools and buses.