Negative Equity Leaves 30% Of Car-Buyers Underwater On Trade-Ins [zero hedge]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: zero hedge
Negative Equity Leaves 30% Of Car-Buyers Underwater On Trade-Ins Authored by Andrew Moran via The Epoch Times, Almost one-third of American car buyers with a trade-in owe more than the vehicle is worth, new industry data show. About 30.5 percent of buyers trading in a car toward a new vehicle maintained negative equity, according to a JD Power report released on March 26. This is up 4.2 percentage points from a year ago and has been steadily rising since 2022, “as consumers who purchased during the peak of inventory shortages 4 years ago return to market,” says Thomas King, president of OEM solutions at JD Power. “Regarding total consumer spending on new vehicles, the elevated transaction prices in March aren’t enough to offset the inflated sales pace a year ago,” King said. “Consumers are on track to spend $49.4 billion on new vehicles this month, 13.9 percent lower than a year ago.” Growing auto debt has become a significant challenge in the current car climate, with many motorists
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- 3/24/26 - Form ARS
- 3/24/26 - Form DEFA14A
- TRU's page on the SEC website