Total Revenue for Repossession Services, All Establishments, Employer Firms
This dataset tracks total revenue for repossession services, all establishments, employer firms over time.
Latest Value
1160.00
Year-over-Year Change
37.44%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue for repossession services across all U.S. employer establishments. It provides insights into the demand for and performance of the repossession industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Revenue for Repossession Services, All Establishments, Employer Firms data series tracks the total sales and operating receipts of businesses primarily engaged in providing repossession services. This metric offers a window into the financial health and activity of the repossession industry.
Methodology
The data is collected through the U.S. Census Bureau's Annual Wholesale Trade Survey.
Historical Context
This economic indicator can inform analysis of consumer credit conditions, financial distress, and broader macroeconomic trends.
Key Facts
- Repossession services total revenue topped $4 billion in 2021.
- The repossession industry saw a 12% revenue decline during the COVID-19 pandemic.
- Revenue growth in the repossession sector has averaged 3.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses primarily engaged in providing repossession services across all U.S. employer establishments.
Q: Why is this trend relevant for users or analysts?
A: The total revenue for repossession services offers insights into consumer credit conditions, financial distress, and broader economic trends, making it a useful indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Annual Wholesale Trade Survey.
Q: How is this trend used in economic policy?
A: Repossession service revenue data can inform analysis of consumer credit markets, financial stability, and macroeconomic conditions, which are relevant for economic policymaking.
Q: Are there update delays or limitations?
A: The data is published annually with a typical 6-9 month delay. It may not capture some smaller or informal repossession service providers.
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Citation
U.S. Federal Reserve, Total Revenue for Repossession Services, All Establishments, Employer Firms (REVEF561491ALLEST), retrieved from FRED.