Repossession activity slowed this spring as the coronavirus pandemic raged across the U.S., with several state governors declaring the practice nonessential in much of the country. As repossessions resumed, however, auto lenders likely benefited from boosts in used-vehicle values. That's because, aftermarket experts say, flipping cars for higher values this summer may have helped lenders write off fewer losses and reduced the remaining balance for customers with repossessed vehicles.
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