The Finance & Leasing Association Vehicle Recovery Scheme has set a monthly record for the value of vehicles impounded by police but which have finance payments due.
The scheme, run in conjunction with HPI CrushWatch and the ACPO Vehicle Crime Intelligence Service, recovered £5,901,785-worth of vehicles in October, beating the previous record of £5,669,000 in June 2013.
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The month also saw a record for the average value of a recovery; at £7,684.90, ahead of the previous record of £7,623.27 set last month.
The most valuable individual recovery of the month was a Lamborghini Gallardo Spyder, worth £115,000 in outstanding finance and recovered by the Metropolitan Police Service.
And, in the week the latest Nissan GTR was unveiled in Tokyo, an older variant of the Japanese sportscar was recovered by Greater Manchester, worth £47,100 to the finance provider.
richard.brown@timetric.com
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