Analysis
NAICS 561491 is the 2022 national industry for repossession services, part of 56149 (Other Business Support Services). Census lists 2 example activities under it in the official index.
County Business Patterns counts 669 US establishments in this code in 2023, employing 7,441 people at an average annual payroll of $48,599 per employee (16th percentile of national industries). 56% of the establishments have fewer than five employees, which is close to the national mix.
Between 2018 and 2023 the number of establishments fell 14% and employment fell 1%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
By establishments it ranks 3rd of the 3 codes at this level within Other Business Support Services, with 8.9% of them.
Its index entries, the activities Census uses to assign businesses to this code, include automobile repossession services and repossession services.
For example, providing monetary debt collection services are classified in 561440 (Collection Agencies) instead.
Official definition
This U.S. industry comprises establishments primarily engaged in repossessing tangible assets (e.g., automobiles, boats, equipment, planes, furniture, appliances) for the creditor as a result of delinquent debts.
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
Index entries (2)
- Automobile repossession services
- Repossession services