U.S. CAR LOAN DEBT HITS RECORD LEVELS
A growing number of Americans owe more on their cars than they’re worth. In 3Q, 28.1% of trade-ins had negative equity—the highest since 1Q 2021—with an average upside-down loan of $6,905. Nearly a quarter of these trade-ins carried over $10,000 in debt, signaling rising financial strainThe copyright of this article belongs to the original author/organization.
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