A routine vehicle repossession attempt at Parkdale Mall in Beaumont, Texas, escalated into a chaotic and highly visible incident after the driver of the vehicle allegedly attempted to flee while the ...
As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years. Cox Automotive estimates yearly auto repossessions went up about 43% ...
(InvestigateTV) — Car repossessions were up 43 percent between 2022 and 2024 - an estimated 3.2 million cars - according to a report by Bankrate citing data from Cox Automotive. Shannon Martin, an ...
CarMax Inc., the largest used car retailer in the nation, has agreed to pay nearly $500,000 to settle allegations of illegally repossessing military members’ vehicles, the Department of Justice ...
America's biggest used-car dealership illegally repossessed several cars in the late 2010s and early 2020s and has been ordered to pay the owners back.
Car repossession rates have approached Great Recession levels in recent years, driven in part by post-pandemic economic factors. Military servicemembers, however, receive certain protections under the ...
WASHINGTON — The Department of Justice (DOJ) has reached a settlement with CarMax to resolve allegations that vehicles owned by members of the military were illegally repossessed, violating the ...
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