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prima:The number of repossessed cars in Puerto Rico keep rising

The Puerto Rico Bankers’ Association sees the 24.2% rise in foreclosures as a return to “normalcy”

October 2, 2025 - 3:30 PM

Between January and March of this year, nine financial institutions repossessed 4,650 motor vehicles in Puerto Rico, over 22% more than in the same period in 2024. (Shutterstock)

The Office of the Commissioner of Financial Institutions (OCFIC) reported that motor vehicle repossessions in Puerto Rico increased by 24.2% during the first quarter of 2025.

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