Repo Sales Auctions Across the U.S. and Where to Find Them...

Repo sales auctions will be catching boat buyers attention in 2011 as they stand to save a minimum of 50% off book value. The same boat their neighbor bragged at only having paid $20,000 can now be bought anywhere south of $9,000-10,000...often for much less.

The current economy has prompted smaller banks and major lenders to re-think their repo collateral marketing strategies. Along with home foreclosures boat repossessions have surged to new levels forcing lenders to 'take a hit' whereby they simply let go of the repossession for as little as 50% of the loan balance...

When the economy worsens, boats are among the first things that consumers surrender as they struggle with home mortgage payments and less available home-equity financing. According to National Liquidators, one of the largest boat auction companies in the U.S. boat auction sales have doubled from the year previous.

A recent auction sales sheet provided by BoatAuctionsDirect.com shows some of the recent repo sales auction stats across the U.S. in 2008.

Auction Sales Figures Across U.S.


repo sales auction stats

Update: Check out the latest repo boats sales stats.