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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

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

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.

Company Profile – free sample

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 GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.