Payments on overpriced cars aren't keeping up with what they're worth, compounding the growing debt problem Americans face.
Four years after car prices skyrocketed, more car owners are underwater on their loans.
One in four trade-ins associated with a new car or truck purchase in the fourth quarter last year was 'upside down,' ...
Some auto consumers faced negative equity in 2024, but many had strong or stable equity positions that offset challenges in ...
Edmunds reported that Americans are trading in vehicles with record-high negative equity, leading to a never-ending mountain ...
Auto loan debt is the second-largest category of U.S. consumer debt, trailing mortgages. Americans owe $1.644 trillion in ...
New data and analysis from Edmunds and Cox Automotive’s Kelley Blue Book focused on new-vehicle financing, reinforcing how ...
One in four trade-ins is underwater, compared with one in five in Q3, 2023. Of those with negative equity, a quarter owe more than $10k, Edmunds reports. Getting your hands on a brand new (or new ...
A recent report indicates that an increasing number of car buyers have trade-ins with negative equity as monthly payments and ...