@thekobeissi.base.eth
Americans are underwater on their car loans:
28.1% of trade-ins for new-car purchases involved negative equity in Q3 2025, the highest since Q1 2021.
For any Q3, this marks the highest level since the 2020 pandemic.
The percentage has risen +12.6 points over the last 3 years.
This comes as the average amount owed on underwater loans hit a record $6,905 last quarter.
Car owners are struggling with record-high prices, with new vehicles averaging over $50,000 for the first time in September, up more than +25% over the last 5 years.
Car affordability is becoming a growing crisis.
0 reply
0 recast
3 reactions