Sounds like the used car market will be coming back to earth with a crash.
The banks may want to work out some kind of incentive to ensure that the cars are repossessed in a re-sellable condition or else a lot of people just might trash their cars before they let the repo guy come tow it away.
After all, what's to lose?
The $3000 beaters I buy and fix up for my grandkids went to $5000 so this will be a welcome development.