WESTBURY, NY — Equipment repossessions and liquidations nationwide continued to rise during the third quarter, most notably for trucks and construction machinery, reports Nassau Asset Management. Nassau’s NasTrac Quarterly Index (NQI) reveals trends in repossessions and orderly liquidations based upon the company’s internal activity. Nassau provides asset recovery, appraisal, collections, liquidation, and remarketing services for equipment finance companies across the nation. Nassau’s latest NQI shows repossessions and liquidations during Q3 2005 compared with Q3 2004 increased in four of five categories: trucks/trailers (+188%); construction equipment (+126%); printing presses (+49%); and machine tools (+22%).

Originally posted on Fleet Financials