A record £5.63m-worth of vehicles on finance was recovered through the Finance & Leasing Association Vehicle Recovery Scheme in October.
The figure is the highest amount recovered since records began, up from the £4.85m of vehicles recovered the previous month, which was also the previous record.
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The scheme, run in conjunction with the ACPO Vehicle Crime Intelligence Service and HPI Crushwatch, recorded 7,268 enquires in October which ended with a total of 769 successful vehicle recoveries (known as ‘hits’).
Although the total number of hits was up from 730 in September, the percentage of successful enquiries was down from 11.4% to 10.6%.
For the second month in a row, the Metropolitan Police Service recovered the highest total value of recoveries with the Greater Manchester Police Force in second place, thanks in large part to their recovery of a Lamborghini Gallardo Spyder and a Rolls Royce Ghost worth a combined £264,200.
Vauxhall was the most recovered brand of the month, with the Astra being the most recovered model.
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By GlobalDataFurther statistics from the Vehicle Recovery Scheme will be published in the November issue of Motor Finance magazine.
