Almost 30% of recent new car buyers were underwater on loans for their trade-ins, according to new data released by Edmunds.com.
The average amount owed on car trade-ins with negative equity rose to $7,214 — an all-time high, according to new data from car website Edmunds.
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 ...
More car buyers are finding themselves in a tough spot financially. According to a recent report from Edmunds, more than 26% of new-vehicle trade-ins in the second quarter of 2025 had negative equity ...
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 ...
Last quarter, 28% of trade-ins toward new car purchases were underwater, meaning the vehicles were worth less than what was owed on them, according to Edmunds. That’s the highest share in four years.
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A rising number of Americans are trading in vehicles worth less than what they owe, the latest sign of stress in the automotive industry. Just over 28% of trade-ins toward new-car purchases carried ...