In a troubling development for car buyers, recent analysis reveals that 1 in 4 new car trade-ins are now ‘underwater', marking a four-year high. This trend indicates that many consumers owe more on ...
More Americans are trading in underwater vehicles. That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter ...
A growing share of car owners are underwater on their auto loans, reports the car-buying resource Edmunds. According to a second quarter report, 26.6% of trade-ins toward new-car purchases had ...
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