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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFurther statistics from the Vehicle Recovery Scheme will be published in the November issue of Motor Finance magazine.
