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Waiting for the Thaw: A Look at Repossession and Liquidation Statistics

BY Edward Castagna
February 27, 2009

Bob Dylan wrote many years ago, “You don't need a weatherman to know which way the wind blows.” The same rule applies to the current economic crisis. Everyone has felt its impact in some fashion.

But careful review of cogent data can provide greater insight into the specific problems and challenges, and even opportunities surfacing in the midst of the news of shutdowns and layoffs, and the discussions on how to turn things around that are taking place on Capitol Hill and every home in America.

At Nassau Asset Management, we have created the NasTrac Quarterly Index (“NQI”), using our internal repossession and orderly liquidation activity in a given quarter to track changes as compared with the same quarter the previous year or with previous quarters in the same year. By reviewing NQI data over a number of quarters, it is possible to note trends that are occurring in specific sectors of the equipment leasing industry.

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