Business

Negative Equity Leaves 30 Percent of Car Buyers Underwater on Trade‑Ins

The average amount owed on trade-ins in the fourth quarter was a record $7,214.
Negative Equity Leaves 30 Percent of Car Buyers Underwater on Trade‑Ins
A Honda dealer in Carlsbad, Calif, on May 16, 2025. Jane Yang/The Epoch Times
Andrew Moran
|Updated:
0:00

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.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."