Harley Davidson can’t find enough repo men.
A typical car report will pay about $350, which is not a lot of money considering how dangerous it is. Repo men are known to get shot at.
Repossessing a motorcycle is more complex and dangerous than a car. If the repo man does not return with the motorcycle, they won’t get paid. Motorcycles may be recovered less than 10% of the time. People in the repo industry says that Harley Davidson expects them to basically work for free.
Harley Davidson provides lending for customers to finance their purchase. When customers don’t pay their loan, Harley will contract with repossession agents to tow away the vehicles.
The company is reporting a credit loss rate of 3.2% in the first quarter versus its typical rate of 2%. However, they claim Q1 is the worst because custoemrs tend to make their payments during riding season in the spring and summer, then becoming delinquent in fall and winter.
The workforce in the repossession industry may have shrank by 40% over the last few years due to stimulus and other benefits that helped customers pay bills, as well as repossession moratoriums. Many repo men switched to roadside assistance.
Works Cited:
https://www.wsj.com/articles/repo-men-haggle-with-harley-davidson-over-recovery-fees-a731a4fa?mod=Searchresults_pos1&page=1
Tags:
car repossession,car repossession videos,car repossession during pandemic,repossession,car repo,the car catchers,car repossessions,repossession of car,car repossession stories,repossession of car gone wrong,car repossessions have started to soar,how to remove car repossession from credit report,repossession rin,#repossession,repossession fails,remove repossession,delete repossession,car questions answered, Harley-Davidson, car repossession, car repossession videos, car repossession during pandemic, repossession, car repo, the car catchers, car repossessions, repossession of car, car repossession stories, repossession of car gone wrong, car repossessions have started to soar, #repossession, repossession gta v, ford repossession, repossession fails, car questions answered, auto repossessions, repossession gone wrong, why auto repossessions, auto repossessions 2022, car repos pile up
-
4:21
The Last Capitalist in Chicago
7 months agoWhat is the Hume-Cantillon Effect?
1911 -
LIVE
Drew Hernandez
4 hours agoMELTDOWN: LEFTISTS PANIC AFTER SCOTUS TRUMP RULING
3,614 watching -
1:42:30
Fresh and Fit
4 hours agoDonovan Sharpe Returns
37.2K34 -
1:30:05
Kim Iversen
5 hours agoWeekend at Biden's: Jill and Hunter To Keep Propping Up Old Joe, SCOTUS Rules Govt Can Censor on Social
52.5K103 -
28:43
Stephen Gardner
4 hours ago🔴BREAKING: Obama is TERRIFIED of THIS COVER UP Leaking!
38.6K186 -
35:29
Candace Owens
7 hours agoWhy I Left This Religion | Candace Ep 16
47.7K116 -
1:00:59
Lou Dobbs
7 hours agoLou Dobbs Tonight 7-1-2024
59.1K65 -
1:48:30
Donald Trump Jr.
13 hours agoJill & Joe Have Dems Pressing the Panic Button, Taking Your Questions live! | TRIGGERED Ep.150
192K370 -
2:36:18
WeAreChange
7 hours agoBlack Sex Magic Explained... And Elite Satanic Pedo Culture Exposed!
78.3K35 -
50:14
Kimberly Guilfoyle
10 hours agoLandmark Supreme Court Immunity Case, Plus Dems' Prop 47 Madness, Live with Jesse Binnall & ASM Bill Essayli | Ep. 138
75.4K42