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Procurement Market Intelligence Report

Repossession Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Repossession Services?

What is the average price of Repossession Services?

This procurement report includes pricing information to help you purchase Repossession Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Repossession Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Repossession Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Repossession Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Repossession Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Repossession Services?

Market share concentration in the repossession services market is low. The market is highly fragmented, with about 4,600 suppliers currently operating in the United States. The top four suppliers account for less than 30.0% of total market revenue. The high degree of fragmentation in this market is caused by... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Professionalism

Do your employees abide by a unified mission statement or code of conduct?

What kind of reporting is required of your employees?

How do you deal with complaints against your employees?

Do you have references willing to testify to your level of professionalism?

Regulation & Certification

How do you make sure that you strictly adhere to all regulations?

Have you ever been caught violating a regulation? If so, how did you deal with it?

What were the criteria you needed to meet to earn your certification to operate in this market?

Do you plan on earning any more certifications in the next three years?

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Key elements for every RFP

What should my Repossession Services RFP include?

Project Budget

Buyers should disclose their budget for purchasing repossession services.

Buyers should indicate their preferences for invoicing and payment.

Buyers should reference the Benchmark Price section of this report to verify that they are paying a competitive price for repossession services.

Selection Criteria

Buyers should evaluate providers based on their experience in the repossession services market.

Buyers should consider the timeliness with which providers can complete the repossession.

Buyers should take the professionalism of providers and their staff into account.

For a more detailed discussion of selection criteria, buyers can reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the desired time frame for the repossession.

Buyers should state when vendor proposals are due.

Buyers should include when vendors will be notified about contract awards.

Buyers should indicate the length of the contract they wish to procure.

Evaluate major factors to mitigate risk

How risky is the Repossession Services supply chain?

Supply chain risk for repossession services has been moderate in the three years to 2018. This risk level indicates that providers could potentially encounter unanticipated disruptions to their supply chains, which would raise operating expenses and increase costs for buyers. Providers that face unexpected costs may be less willing to... Subscribe to learn more.

HIGH

MEDIUM

LOW