The Impact of LPR Exclusivity on the Repossession Industry

February 24, 2025, by American Recovery Association (ARA) LPR Committee INTRODUCTION License Plate Recognition (LPR) technology has played a crucial role in modernizing the repossession industry by enabling real-time vehicle tracking and recovery. However, exclusive agreements imposed by LPR companies on repossession agencies have introduced significant operational restrictions, limiting fair competition and impeding market innovation. […]