Kubota Tractor Corporation
Kubota is a Heavy Equipment Manufacturer Managing 12 Billion in Secured Assets.
http://www.kubota.com
SMA's sub-brand Avert began working with Kubota in 2002. Like most of our new clients, Kubota ran a test with Avert by placing 20 accounts -Avert resolved 18 of them. In a typical scenario Kubota will run customers through two departments; Customer Service until 30 days delinquent followed by Collections until 90 days delinquent. At 90 days accounts are forwarded to Avert.
98% OF REVENUE RETURNED TO KUBOTA
| Between January 2006 and August 2007 Avert’s Recovery Rate was 98%. Avert Returned $7,680,000 in Revenue to Kubota. |  |
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78% OF CUSTOMERS RETURNED TO KUBOTA
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On average, once repossession occurs, 93% of the deficiency balance is uncollectible. The average light vehicle deficiency balance in the US is $7,000. Kubota would have lost approximately $27.3 million by repossessing 3,900 vehicles over the last 60 months; this includes the cost of the repossession, transport, storage and processing. |
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© Stephens & Michaels Associates, Inc. | 