http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
why are they leaving the industry and what can they do to remain in business
The number of auto repossession agents throughout the United States has declined rapidly during the COVID-19 Pandemic. Companies are leaving the industry due to stagnant profits coupled with high inflation. Unlike the increases in revenue experienced by companies in the ganking industry, repossession companies are not experiencing a similar increase. Without intervention, the number of repossession companies may continue to fall and auto loan rates may increase as a result. This case study examines the repossession industry, the lending industry, how negative externalities have contributed to a decline in the profitability of repossession services, and how repossession agencies could respond to these unfavorable economic forces to avoid exiting the industry. Students will be asked to analyze the auto repossession industry's decline in profitability and determine how auto repossession agencies should respond to decreased profitability in order to maintain viability of businesses in the sector.
Sina Shokoohyar, Jeremy Cross, Andrew Sinclair, Charlie Evert, Amirsalar J. Gorizi.