Repossessions: 10.7.4.3 Dealer Only Automobile Auctions Do Not Conform to “Reasonable Practices Among Dealers in the Type of Property”
Another way that a creditor can establish that a disposition was commercially reasonable is to show that it was done “in conformity with reasonable commercial practices among dealers in the type of property.”472 Courts that accept testimony that dealer only auctions are the customary practice among creditors for their repossessed automobiles473 miss the thrust of this provision.