Number of negative-equity trade-ins decreases, but amount owners are underwater grows, data shows

Number of negative-equity trade-ins decreases, but amount owners are underwater grows, data shows https://ift.tt/IarsC2d

Fewer new- and used-car transactions at dealerships involve a trade-in that's underwater on existing debt compared with pre-pandemic 2019, but the degree of negative equity in those trades has increased, data from Edmunds indicates.