NasTrac Quarterly Index Shows Decline in Trucking and Machine Tool Repossessions ...(ets that will remain in that situation f...),Health
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NasTrac Quarterly Index Shows Decline in Trucking and Machine Tool Repossessions in Q3 2009
Date:11/6/2009
ets that will remain in that situation for some time to come.
Medical Equipment Repos Decreased From Q3 08 - Data in the NQI showed repossessions of medical equipment in 2009 declined by 32% from the same quarter of 2008. The recent decline in activity appears to reflect the fact that lenders are being more flexible with their terms and have been conservative in their approach to proceeding with repossession.
NQI Graphics
For graphics outlining the findings of the NQI go to http://www.nasset.com/news/pdf/NQI_2008-2009_Comparison_Q3_Final.pdf.
About NQI
NQI reports on Nassau's internal repossession and orderly liquidation activity in a given quarter compared to the same quarter the previous year or to previous quarters in the same year. Readers should keep in mind that results must be viewed over several quarters to establish trends. Finance companies and industry analysts can also contract with Nassau to dig deeper into the numbers, determining the root causes for trends and researching specific equipment types. Companies can use their private reports created by Nassau to help mitigate risk in portfolios and/or provide useful economic indicators to their own clients.
ABOUT NASSAU
Nassau Asset Management of Westbury, NY, has been providing full-service asset management, including asset recovery, collections, remarketing, plant liquidations, and appraisals for more than 25 years to the equipment finance industry. For more information, please visit www.nasset.com or call 1-800-4.NASSAU.
SOURCE Nassau Asset Management
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