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,' ...
Edmunds figures show that buyers with negative equity who rolled it forward had to find another $159 every month in car payments and took on an additional $12,388 in finance after interest was ...
Let’s say your mother, 61, still owes $30,000 on a 2018 Chevrolet Bolt, but it's only worth $13,750. She wouldn't be alone in ...
Edmunds reported that Americans are trading in vehicles with record-high negative equity, leading to a never-ending mountain ...
Some auto consumers faced negative equity in 2024, but many had strong or stable equity positions that offset challenges in ...
More often than ever, car owners can't afford their loans.Joe Raedle / Getty Images More car owners are upside down on their car loans than ever before. Price hikes during an inventory shortage ...
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 ...
Johnson, professor of finance at Creighton University's Heider ... If a company posts both negative income and negative equity, it could result in a misleadingly high ROE. An analyst would want ...