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Trucking and Machine Tool Repos Decline In Q3

By Adam Schlagman
November 30, 2009

The third-quarter results of Nassau Asset Management's NasTrac Quarterly Index (“NQI”) show a decline in trucking and machine tool repossessions, as compared with the same quarter last year, while construction and printing equipment repos continued to rise.

According to the NasTrac survey results, repossessions and liquidations of trucking equipment and machine tools in the third quarter of 2009 declined as compared with similar figures from 2008. The figures, culled from the company's activity reports for both repossessions and orderly liquidations, also indicated a rise in repossessions for both construction and printing equipment, offering mixed news on the health of the American economy as it emerges from the recent recession.

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