Nearly 1 in 3 car buyers are underwater on trade-ins — analyst calls dollar amount 'troubling'

An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points from a year ago but still below the prepandemic share. An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points from a year ago but still below the prepandemic share.

Key takeaways

Quick scan — what you need to know:

• An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points from a year ago but still below the prepandemic share.
• An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points from a year ago but still
• below the prepandemic share. An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points
• from a year ago but still below the prepandemic share.

Background

What led here, in plain terms:

• -in owe more than it's worth, up 4.2 percentage points from a year ago but still below the prepandemic share.
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points from a year ago but still below the prepandemic share.
• An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points from a year ago but still
• below the prepandemic share. An estimated 30.5% of car buyers with a trade-in owe more than it's worth, up 4.2 percentage points