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% between 2022 and 2024, up to 1.73 million units, the highest since 2009 (1). Must Read Something that catches many people off-guard is how quickly a repossession can occur — and how costly it can be even after the vehicle is taken. Why repossessions are rising Auto loans have become significantly more expensiv ...