Can I be arrested for a vehicle that a repo agency is trying to repossess that I do not have in my possession?

Question Details: A couple who needed a car agreed to pay the payments on mine. They made the payments for 2 years and then the husband lost his job. The vehicle is still in my name but I could not afford to make the payment so the loan went into default. They charged off the loan and sent it to a collection agency who is looking to repo it. I don't have the vehicle. The couple has moved so I don't know exactly where they are but could find them if needed. Will have $ to pay for car in April but repo is threatening prosecution. Can I be arrested if I don't have the car? Important Notice