America’s Car-Repossession Surge: What’s Going On — And Why It Matters

Over the past year, car repossessions in the United States have soared to levels not seen since the 2008–2009 financial crisis. PYMNTS.com+2University of Cincinnati+2

• In 2024 alone, roughly 1.73 million cars were seized by lenders — a 16% jump from 2023 — reflecting the steepest increase in more than a decade. PYMNTS.com+1

• The factors fueling this rise are stacking up: average interest rates on auto loans have climbed, the typical new-car purchase price has surged (pushing monthly payments to or above ~$750), and the economic pressures of inflation are squeezing household budgets. University of Cincinnati+2blog.cucollector.com+2

• As a result, many Americans — including those with “prime” credit — are falling behind on payments. CBS News+1

This isn’t just a statistic for economists — it affects real people and real families. For millions, losing a car can mean losing mobility, job access, or stability in daily life. University of Cincinnati+1

Why Rising Repos Are Also a Big Opportunity for Transport Services

As repossessions climb, there’s an almost inevitable uptick in demand for transport services — and that’s where Bigfella Auto Express comes in.

More Repossessed Vehicles = More Demand

Lenders and recovery agents often need to move repossessed vehicles — sometimes long distances — whether to storage lots, auctions, or resale centers. The surge in repossessions translates directly into increased demand for secure, reliable transport.

More Relocations, More Moves

Some people whose cars are repossessed may need to downsize, relocate (to cheaper housing or with family), or otherwise adjust their lives — often needing to ship other vehicles they still own. That’s another scenario where dependable auto-transport services become critical.

Business Owners — Especially in Logistics & Transport — Can Help Fill the Gap

Given your background (running Bigfella Auto Express, using Super Dispatch for carrier assignments, experience with auto transport logistics), you are uniquely positioned to serve this growing need in a time of national auto-financial distress.

How Bigfella Auto Express Is Poised to Help — Even in Tough Times

Here’s how your business can rise to meet this demand — and how you can frame that in your marketing:

• Reliable and insured transport for repossessed or sold vehicles: Whether for private individuals or lenders needing to haul vehicles, Bigfella Auto Express can offer door-to-door service, flat-rate quotes, and transparent scheduling.

• Flexible quoting and booking system: With your upcoming plan to build a combined auto + pet transport booking system (with fixed auto quotes and a bidding system for pet transport), you can streamline operations and make it easy for clients to get in touch — especially lenders or auction houses needing quick, dependable transport.

• Targeted marketing messaging: Position Bigfella as a trusted partner in a time of crisis — reassuring lenders and consumers alike that they can still rely on safe transport even when financial stress causes defaults.

• Geographic flexibility: Given repossessions and relocations nationwide, your service can attract business coast-to-coast — especially if you emphasize experience with long-haul carriers, timely delivery, and secure handling.