Nearly 1 in 3 car buyers are underwater on trade-ins — analyst calls dollar amount ‘troubling' [CNBC]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: CNBC
The average price of a new car is $49,353, which is 30.3% higher than in February 2020, when that amount was $37,876, according to Kelley Blue Book data. Among new-car purchases involving negative equity, 40.7% are now financed with 84-month loans, Edmunds research shows. For a growing share of new-car buyers with a vehicle to trade in, an unwelcome part of their old loan follows them in their new purchase: negative equity. An estimated 30.5% of car buyers with a trade-in owe more than the car is worth, according to J.D. Power's automotive forecast for March. It's also known as being underwater on your loan or upside down. The share of underwater buyers is up 4.2 percentage points from a year ago and has been growing since 2022. However, it's not as high as it was before the pandemic: In 2019, the annual share of trade-ins with negative equity for new-car purchases was 33.6%, according to J.D. Power data. “The recent trend has been toward mean reversion,” said Tyson Jominy,
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News
- An inside look at how your loans — and spending — affect your credit score [BNN Bloomberg (Canada)]BNN Bloomberg
- Negative Equity Leaves 30% Of Car-Buyers Underwater On Trade-Ins [zero hedge]zero hedge
- An inside look at how your loans — and spending — affect your credit score [Yahoo! Finance Canada]Yahoo! Finance Canada
- AI can now Eliminate 78% of Tax Prep Headaches for Landlords [TheStreet.com]TheStreet.com
- Why more credit report errors are slipping through the cracks — and how to fix yours [CNBC]CNBC
TRU
Earnings
- 2/12/26 - Beat
TRU
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/24/26 - Form ARS
- 3/24/26 - Form DEFA14A
- TRU's page on the SEC website