Back to today’s briefing

Story perspectives

Car Repossession Hits 14-Year High Amid Financial Struggles

11/6/2025

30 6

Summary

Story summary

David Gandal, a car repossession expert, adapted after pretexting was outlawed in 2006, shifting from impersonation to using camera cars to track vehicles.
The car repossession industry seized 2.7 million cars in 2024, the highest in 14 years.
Kevin Armstrong, editor of CU Repossession, predicts three million in 2025, near the 3.2 million peak in 2009.
The surge reflects the financial struggles many Americans face.

1 of 1

Story summary

David Gandal, a car repossession expert, adapted after pretexting was outlawed in 2006, shifting from impersonation to using camera cars to track vehicles.
The car repossession industry seized 2.7 million cars in 2024, the highest in 14 years.
Kevin Armstrong, editor of CU Repossession, predicts three million in 2025, near the 3.2 million peak in 2009.
The surge reflects the financial struggles many Americans face.