Payments on overpriced cars aren't keeping up with what they're worth, compounding the growing debt problem Americans face.
Some auto consumers faced negative equity in 2024, but many had strong or stable equity positions that offset challenges in ...
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,' ...
Auto loan debt is the second-largest category of U.S. consumer debt, trailing mortgages. Americans owe $1.644 trillion in ...
Edmunds reported that Americans are trading in vehicles with record-high negative equity, leading to a never-ending mountain ...
The data indicated that 24.9% of trade-ins toward new-car purchases had negative equity at the end of last year, up from 20.4 ...
Lucid's survival hinges on Saudi Arabia's financial support, despite its negative cash flows. Find out why I remain bearish ...
AS A FOLLOW UP to my piece on October 2023 about the negative impact of the equity investment into the Maharlika Investment Corp. (MIC) on the capital ratios of Land Bank of the Philippines (LBP) and ...
A recent report indicates that an increasing number of car buyers have vehicle trade-ins with negative equity as rising monthly payments and total financing hit all-time high. The report states ...