Fewer Trucks Repossessed in the First Half of 2003
Fewer trucks were repossessed in the first two quarters of 2003 than the same time last year, according to Nassau Asset Management's first public release of its NasTrac Quarterly Index (NQI)
Fewer trucks were repossessed in the first two quarters of 2003 than the same time last year, according to Nassau Asset Management's first public release of its NasTrac Quarterly Index (NQI).
NQI is based solely on the company's internal data.
Nassau Asset Management has tracked equipment values for several decades as a function of its nationwide remarketing operation, which recaptures and resells all types of assets including construction equipment, printing presses, machine tools and buses.
Ed Castagna, senior executive vice president, says NQI provides a snapshot of recent recovery and sales activity.
Castagna says the first quarter data, when compared with the same quarter a year ago, shows there was a 36% decrease in repossessions of trucks and trailers.
The second quarter NQI report on trucks/trailers, shows there was a 32% decrease in repossessions of trucks and trailers.
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